Highlights of Management Monitor 2012
September 28, 2012
The Singapore Institute of Management (SIM) Management Monitor was first conducted in 2009. It aimed to provide the most comprehensive survey of management attitudes and sentiments in Singapore. The study covered the areas of climate of the business landscape, management issues and priorities, career and personal development, and organisational health of businesses in Singapore.
A follow up survey was conducted in 2012. The focus areas of SIM Management Monitor 2012 were key management trends, focus on SMEs, and management needs for the future. A wide range of industries, organisational types, and management profiles were surveyed, yielding a report that has general implications on the business environment.
The SIM Management Monitor 2012
782 Mid-level to C-suite managers in Singapore responded to the survey. Some highlights of the study include:
Managers feel optimistic locally but pessimistic about global economy. 45% of respondents feel positive about the current state of the Singapore economy (a rise of 33 percentage points from 2009). But 53% of respondents feel negative about the global economy.
Finding and retaining talent a perennial issue. 73% of respondents cited recruitment and retention as a key challenge for their businesses. In 2009, 53% of managers cited finding and maintaining talent as a critical issue for them.
SMEs face difficulty in retaining talent because of financial constraint. 40% of SME respondents say they have not been effective in retaining talent. A prominent majority (62%) of these cited unable to afford talent as the reason they have not been successful.
SMEs’ awareness of government assistance programmes is high. Awareness of government assistance programmes in the form of equity financing, nonfinancial assistance, subsidising loans, tax incentives, and grants is high at 65%, 73%, 81%, 87%, and 93% respectively. But the take-up rate remains low.
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