SINGAPORE HUMAN CAPITAL SUMMIT TALENT MANAGEMENT
Singapore - According to Singapore's Deputy Prime Minister, Teo Chee Hean, investing in effective talent programmes to develop authentic localised leaders will pay dividends for organisations in Asia.
Speaking at the launch of the Singapore Human Capital Summit this morning, DPM Teo said organisations will need to develop "a holistic Asia-centric people strategy and build a strong leadership and talent base". That will help them capitalise on the immense growth potential in Asia "effectively and sustainably".
Teo added that the country can become a "talent base" that helps boost Asia's growth. He said, "Singapore can be a hub where talent is harnessed and developed to drive business and innovation for Asia and the world."
Teo cited the recent launch of global consumer products company Procter and Gamble's Asia Leadership Development Centre as a prime example. Around 500 of its managers across the region will be sent to the centre in Singapore for annual training.
Teo added that Singapore can be a valuable centre for good pan-Asian research on effective people strategies. Consulting firms such as PricewaterhouseCoopers' new Asian Saratoga Centre will help develop new metrics for human capital solutions and HR functions for Asia and globally.
Now in its third year, the two-day summit will focus on strategies for building Asian leadership capabilities and the unique talent management challenges in the fast-growing region. The Knowledge Showcase at the event will also feature HR best practices that contributed to positive business outcomes.
There are more than 650 global, regional and local business leaders attending the summit.
Loh Khum Yean, the Permanent Secretary of Singapore's Ministry of Manpower, added that the insights shared at the summit will help companies "better ride the wave of recovery and growth in Asia for business competitiveness and sustainability".
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