"Greater Emphasis On Providing Holistic Employee Experiences In 2023"

In 2023, a key challenge in the HR space has been navigating the evolving landscape of employee well-being and mental health in the banking and finance sector. 

The ongoing changes in work dynamics, coupled with external factors impacting personal lives, have underscored the importance of robust well-being initiatives. The challenge lies in tailoring our programs to drive resiliency and address the diverse needs of our workforce, ensuring that they feel supported and connected.

At DBS, this is done through our comprehensive bouquet of EVP offerings, as a part of our endeavour to be a forerunner in the employee benefits space, by providing holistic employee experiences that go beyond traditional benefits to also address the mental and emotional health of our employees.

Talent acquisition and retention remains a significant challenge, particularly in a competitive market. As industries evolve, specialised skills become increasingly crucial, and attracting top talent demands innovative strategies. This also calls for an optimum balance between creating an internal pipeline of homegrown candidates and the infusion of external talent that brings in fresh perspectives.

In the context of today’s workplaces that are melting pots of different specialised services, we recognise have employee cohorts from all walks of life. Hence, it is important to have an onboarding program that sets out company values as a thread of commonality, explains organisational priorities and has a mechanism for regular feedback, in addition to providing the right set of resources to effectively carry out one’s job duties.

Our strategy involves using a comprehensive talent management approach, focusing on learning & development, fostering an inclusive workplace and adapting policies to align with the changing dynamics of work and talent. It is key to the success of a future-forward workplace that employees can engage with their organisation with a common purpose and also leverage the unique strengths of respective generations.