Singapore Has Lowest Talent Risk in Asia: Study
by Ernie B. Calucag
Singapore has been rated as the city with the lowest talent risk in Asia Pacific, according to a global study on risks related to recruitment, employment and redeployment by human resources business Aon Hewitt.
The city state emerged as the lowest risk city out of the 50 Asian cities covered in the 2012 People Risk Index. It is also the third lowest risk city among the 131 cities worldwide covered in the Index.
Hong Kong is the second lowest risk in the region and is ninth in the global ranking, tying with Vancouver and Copenhagen.
Melbourne, Sydney and Taipei completed the list of the five lowest risk cities in Asia Pacific.
The five categories of people risk measured in the index were demographics, government support, education, talent development and employment practices.
Out of these, Aon Hewitt found that Singapore obtained the lowest risk globally for government support and talent development.
However, the city state is not without risks as demographics attained the highest risk among the five categories.
“While Singapore is clearly the lowest risk location in Asia for employers, the risk of sourcing and employing talent throughout much of Asia is declining as the educational and training infrastructure improves and employment regulations become clearer and more equitably enforced,” said Rick Payne, Aon Hewitt Regional Talent and Rewards Practice Leader for Asia Pacific.