AIA Corporate Solutions’ Post

From the People Risk Report, talent risks are a top concern with 5 out of the top 10 people risk in Singapore being dominated by talent and workforce issues, including labor shortages (#5). Combined with longer-term demographic trends like an ageing population, 43% of respondents are concerned about significant dependencies on key people and inadequate succession planning. Julia Radchenko, Health Consulting Leader, Mercer Singapore, shares some mitigation strategies. Download the full People Risk Report here: https://bit.ly/3yopZvm

Human capital issues, such as the challenge of attracting and retaining top talent, are visibly increasing for employers in the Asia-Pacific region. Shortfalls in talent, workforce and critical specialised skills are hampering innovation and competitiveness and impacting organisations’ ability to respond to a rapidly changing environment. Aon’s newly published Global Risk Management Survey report, based on data from nearly 3,000 decision makers, shares insights on the most critical risks organisations face in today’s increasingly volatile world and how they can be managed. Read more here: https://aon.io/3sSdOnI #BetterDecisions #GRMS #RiskSolutions #RiskManagement #PeopleRisk

Although there may be a global perception that Australia is very bushfire prone – and it’s certainly a big deal from an economic, health and safety, and environmental perspective – from an insurance industry perspective bushfires tend not to be as much of a loss driver when compared to floods and cyclones or frequency events such as storms.”

If you're ready to invest in upskilling there are some serious #opportunities out there💡 You just need to click the link below to grab the Future of Work #Guide and the best part? 🎁 You can get all this expert #knowledge for free! 🙌 So don’t miss out! 📚 Let’s level up together. 🚀✨ #Futureofwork #Upskilling #LinkedInlife #Hays #Expertadvice #Workforcestrategy

Do you ever find yourself caught up in the hustle and bustle of everyday life, constantly juggling work and personal commitments? It's time to hit pause and prioritise what truly matters most. Here’s a wellbeing tip from Nicolette Jacobs, PwC Africa Asset and Wealth Management Leader.

Understanding the local market and unique needs of a workforce is critical when making benefit decisions. Learn how data-based tools and approaches can help firms adapt their benefit frameworks to be more inclusive and diverse: https://aon.io/483Xaju #HumanCapital #HealthandBenefits #DEIB

#CulturalDueDiligence is tricky to perform because of limited access to relevant information, the quality of the information gathered, and the delays it can introduce to an already tight transaction agenda.   And yet, it is a tremendous source of benefits.   - Enhanced integration success: 70% companies that conduct a thorough review of target intangibles see an increased success rate (Hay Group). - Improved employee retention: fostering a respectful integration of cultures boosts employee satisfaction and engagement, which helps to retain key talent post-acquisition. As an example, each % change in the registered nurse turnover will cost/save the average US hospital $380,600 per year (NSI).   - Better risk management: early identification of cultural risks and proactive mitigation strategies ensure alignment between merging entities, reducing the potential for investment underperformance.   - Increased synergy realization: aligning the cultures of merging entities facilitate smoother collaboration and innovation, leading to significant operational efficiencies and growth opportunities.     To learn more check out https://lnkd.in/dg46U768 Or contact us at [email protected] #mergersandacquisitions #culturalintegration #duediligence #strategy #privateequity

Our People Risk research found the greatest barrier to addressing talent risks is “difficulty in managing personal behaviors.” https://bit.ly/49GDdko Companies should challenge the status quo and consider how employee #benefits and support programs can serve as an example of the company’s values shares Guy Vachon and Julia Velasquez Rico. #HumanResources

In industries ranging from manufacturing to finance, retail to hospitality, and agriculture, the manual handling of performance management is a challenge. This not only consumes valuable time but also leads to inefficiencies and missed opportunities for growth, productivity and improvement. These sectors, which form the backbone of East Africa's economy, can benefit immensely from digital solutions that streamline operations and enhance productivity. Which is why it’s time to embrace efficiency and accuracy with SeamlessPerformance to improve your business operations and boost workforce productivity today. Become Seamless by clicking the link below👇 https://hubs.li/Q02JxtMQ0 #SeamlessInsights #SeamlessHR #SeamlessPerformance #PerformanceManagement #EmployeePerformance #BecomeSeamless

46% of employees said they would give up a 10% pay increase for more well-being benefits, an increase from 32% in 2022. Employee health and safety is a staple of any people risk agenda, but organizations must broaden the scope of how they define well-being at work. Employers have a unique opportunity to advance health support for their employees and fill gaps within traditional systems of healthcare.