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Asian female senior execs in multinational firms confined to regional roles

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– 90% of Asian female senior leaders aspire to global roles, but only 36% are at least somewhat confident that they will have the opportunity
– An astonishing 85% are considering leaving their current companies in the next two years
HONG KONG ‒ As the shortage in the Asian executive talent pipeline continues to pose a major business challenge for many multinational companies, a majority of Asian women leaders at multinational corporations feel trapped in regional roles, according to a new study by Heidrick & Struggles, an executive search company.
The firm’s study reminds leaders at headquarters to take notice of Asian women leaders as an untapped resource for global roles, said Steve Mullinjer, Regional Leader of Heidrick & Struggles, Asia Pacific.
“As leadership advisors, we recognize the pressing imperatives for companies to hire and promote the brightest and those with high potential in order to stay competitive and outperform others, regardless of their nationalities, age groups, gender and cultural backgrounds,” Mullinjer said. “Senior management or headquarters need to embed such diversity of thinking in their organizations’ DNA to become truly diverse and inclusive organizations and drive better value to their stakeholders.”
According to the study, 90% of Asian female senior leaders currently in regional roles in multinational companies with headquarters outside Asia aspire to be promoted to global roles.
However, only 36% are at least somewhat confident that they will be granted the opportunity. More than half (54%) believe these barriers are a response to their ethnic background, while nearly half (47%) feel that their gender is the main obstacle. Meanwhile, a staggering 85% are considering leaving their current companies in the next two years.
“Visionary corporations that recognize the increasing importance of Asia to their business are relocating their global headquarters to Asia . This move by a handful of companies serves as a great opportunity for Asian female leaders to take on global responsibilities without juggling time zone differences or perceptions that they are below average performers just because of the foreign accent they display during midnight conference calls. This requires a shift in mentality for headquarters leaders and must align with performance appraisal systems that indicate the path to global roles,” said Karen Choy-Xavier , Partner of Heidrick & Struggles based in Singapore .
From May to December 2016 , Heidrick & Struggles gathered findings from 138 female senior Asian leaders in the region, who shared the challenges they encounter and practices they adopt when taking the leap into a global role. Among the other findings:

  • 43% are unwilling to take up global roles which would demand relocation, or participate in evening conference calls or other tasks that take away from time spent with their family.
  • 19% feel that it is not culturally acceptable for women to be too ambitious, or that they would be regarded as culturally unfit by their colleagues at headquarters in terms of their communication styles.
  • 13% feel that it is their non-native English accent and lack of English language communication skills that hinder their progression.
  • 48% agreed that a major barrier is that headquarters’ leaders do not pay enough attention to developing Asian women.
  • Only 4% cited lack of capabilities and skill sets as a barrier.

“Although there has been a focus on subjects such as women on boards and the development of the local female workforce, the research by Heidrick & Struggles reveals the difficulties of mid- to senior-level Asian female leaders who are limited to regional roles. This is the biggest glass ceiling issue that our successful female leaders are facing in this part of the world,” noted Alain Deniau , Partner of Heidrick & Struggles based in Hong Kong .

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Labour

Two workers killed in North-South Corridor worksite accident

Two workers died on 17 September following a heavy machinery accident at a North-South Corridor site on Lentor Avenue. According to LTA, the workers were assembling a winch drum when it slipped, injuring four people. Investigations into the incident are ongoing.

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SINGAPORE: Two workers lost their lives on Tuesday (17 September) after a heavy machinery accident at a North-South Corridor construction site along Lentor Avenue.

According to a statement from the Land Transport Authority (LTA) in response to media queries, the incident occurred when a group of workers was assembling a winch drum on two concrete blocks.

The winch slipped, injuring four workers. A winch drum is a cylindrical device used for winding cables during lifting or pulling operations.

The Singapore Civil Defence Force (SCDF) received a call for assistance near the junction of Lentor Avenue and Yio Chu Kang Road at approximately 1.30pm.

A 39-year-old Bangladeshi worker was pronounced dead at the scene by paramedics.

Three others were rushed to Khoo Teck Puat Hospital, where a 38-year-old local site engineer succumbed to his injuries.

The remaining two workers sustained minor injuries and have since been discharged from the hospital.

Investigations into the incident are ongoing, with the LTA confirming a safety time-out to review procedures.

Heavy machinery or structures must be securely positioned to prevent such accidents, the Ministry of Manpower (MOM) said.

All four workers involved were employed by VSL Singapore, a sub-contractor for the main contractor Ssangyong Engineering and Construction.

An infographic on the company’s website shows that the project includes the construction of a 1.28km underground expressway and a 1.1km viaduct, among other elements.

LTA, the developer of the North-South Corridor, expressed its sorrow and stated that it is working closely with the companies involved to assist the victims’ families and authorities in the investigation.

This marks another fatality at a North-South Corridor worksite.

In September last year, a 41-year-old Bangladeshi worker died after being struck by a pallet of gas cylinders during a lifting operation at a Cavenagh Road site.

The 21.5km North-South Corridor, Singapore’s first integrated transport corridor, is scheduled to open in 2027.

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Labour

Foreign-owned firms, making up 20% of businesses in Singapore, employ 60% of residents earning over S$12,500 monthly

Around 20% of firms in Singapore are foreign-owned, yet they employ 60% of residents in high-earning jobs. Despite repeated requests for clarifications in Parliament, Manpower Minister Tan See Leng has declined to provide a breakdown of how many Singaporeans and Permanent Residents (PRs) hold PMET positions, raising concerns over job transparency.

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Around 20 per cent of firms in Singapore are foreign-owned, yet they employ 60 per cent of residents in high-earning jobs, according to the Ministry of Manpower (MOM).

Data released on 17 September 2024 shows that these positions pay over S$12,500 per month, placing workers in the top 10 per cent of income earners.

MOM emphasized the importance of foreign investments in driving business growth and improving the local job market. In the second quarter of 2024, foreign firms employed nearly one-third of the resident workforce, underscoring their critical role in Singapore’s labour market.

These foreign-owned firms—defined as having less than 50 per cent local equity—also create opportunities for small and medium-sized enterprises (SMEs), which hire the majority of resident workers—which comprises Singaporean and Permanent Resident workers.

Dr Tan See Leng, Minister for Manpower, highlighted the impact of foreign firms in a Facebook post on 17 September: “Foreign-owned firms comprise around 20% of companies in Singapore and provide jobs for nearly one-third of employed residents. They account for a disproportionate share of higher-paying jobs—employing six in 10 residents earning a gross monthly income of above S$12,500. We will continue to invest heavily in Singaporeans while building a complementary global talent pool.”

He pointed to examples like Acronis, a Singapore-founded cybersecurity firm that upskills its workforce through Workforce Singapore’s Career Conversion Programme.

However, Dr Tan has faced repeated calls for more transparency about the proportion of new jobs allocated to Singaporeans, especially in high-paying roles.

Parliamentary Exchange on Employment of Singaporean PMETs

During a parliamentary sitting on 2 April 2024, Workers’ Party MP for Aljunied, Mr Gerald Giam, questioned Dr Tan about the allocation of new jobs, particularly for Singaporean professionals, managers, executives, and technicians (PMETs).

Mr Giam sought clarification on how many of the 88,400 jobs created in 2023, especially in PMET roles, were filled by Singaporeans.

He highlighted that non-residents accounted for 83,500 of the total new jobs. Mr Giam pressed for details on what measures MOM would take to ensure that more positions in 2024 would go to Singaporeans, particularly older workers aged 40 and above.

However, Dr Tan avoided directly answering the question on the percentage of PMET roles filled by Singaporeans. Instead, he focused on defending the increase in foreign employment, arguing that Employment Pass (EP) and S Pass holders complement rather than displace local workers.

Dr Tan clarified that of the 83,500 new non-resident jobs created in 2023, 18,700 were higher-skilled roles filled by EP and S Pass holders, while the majority—64,800—were work permit holders in sectors such as construction, which Singaporeans typically avoid.

He stated that resident employment increased by 4,900 but did not specify how many of these were PMET roles. Despite multiple attempts by Mr Giam to obtain precise figures, Dr Tan did not provide specific data on how many Singaporeans were employed in PMET roles compared to foreign workers.

Minister Deflects Specifics on PMET Employment

When Mr Giam reiterated his request for details on how many PMET jobs went to Singaporeans, Dr Tan shifted the focus to Singapore’s low unemployment rate and its position as one of the top countries in resident employment among advanced economies. He noted that Singapore’s resident employment rate of 66.2 per cent and long-term unemployment rate of 0.8 per cent were among the lowest globally.

Dr Tan explained that the influx of foreign workers was necessary to meet the demands of a growing economy, particularly in sectors facing significant talent shortages.

He argued that attracting foreign talent and investments helps businesses thrive, which in turn creates jobs for Singaporeans. However, he did not directly address Mr Giam’s core question about how many of the new PMET positions were filled by Singaporeans, leaving the matter unresolved.

Mr Giam countered that the 4,900 jobs created for residents in 2023 covered the entire workforce, not just PMET roles. He expressed concerns that the government’s extensive investments and incentives to attract multinational companies (MNCs) might disproportionately benefit foreign workers over Singaporeans.

MOM’s Focus on Foreign Talent

In his response, Dr Tan emphasized that Singapore must remain open to foreign talent to sustain economic growth, especially as the resident workforce shrinks due to demographic changes.

He rejected the notion of a “zero-sum game” between local and foreign workers, arguing that businesses need access to both local and foreign talent to remain competitive. He defended the government’s strategy of setting EP and S Pass salary benchmarks to ensure fair competition for local PMETs.

Nevertheless, Dr Tan’s refusal to provide specific data on the employment of Singaporeans in PMET roles has raised concerns about the transparency of MOM’s job allocation strategies.

Despite the government’s efforts to balance local employment with the need for foreign talent, questions persist about whether Singaporeans are benefiting proportionally from the country’s job growth.

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