DBS emerges as top Singapore workplace for career growth
For the second year running, DBS has topped the annual LinkedIn Top Companies list.
Source: Reuters
The list compiles 15 of the best companies to grow one’s career in Singapore.
Following closely behind DBS is automation machinery manufacturing company Schneider Electric (No. 2) and Standard Chartered Bank (No. 3).
Rankings take into account aspects of career progression
Using LinkedIn data, the rankings are determined by taking into account multiple aspects of career progression.
The time frame of the methodology spans the entirety of 2023.
Companies are ranked based on eight pillars, which are:
- Ability to advance
- Skills growth
- Company stability
- External opportunity
- Company affinity
- Gender diversity
- Educational background
- Employee presence in the country
To be eligible for consideration, companies should have minimally 500 employees in Singapore as of 31 December 2023. Their attrition rate also cannot exceed 10%.
Moreover, only companies with retrenchment rates of less than 10% will fulfil the list’s criteria.
DBS also performs well with its AI capabilities & workplace flexibility
According to LinkedIn, “investment in employee experience is crucial in today’s employment landscape”. Work flexibility, including wellness and collaboration, remains a continuous topic.
It also states that:
Specifically in Singapore, adapting to AI (Artificial Intelligence) is one of the biggest topics — and companies are launching various initiatives, such as training programmes and scholarships, to foster their AI talent pool.
Indeed, DBS has employed AI as part of its digital transformation in recent years. For example, the company has since developed more than 800 AI models and 350 use cases, giving it a strong edge over its rivals.
Every month, it also sends out hyper-personalised nudges across the region to help customers make optimal plans with regard to investing and financial planning. More than 3.5 million customers in Singapore benefit from this tailored service.
Flexi-work was also referenced in the list’s description. In 2020, DBS announced that it had permanently implemented a 60-40 hybrid working arrangement. This flexibility enables employees to work remotely for up to 40% of the time.
Employees can also make use of soundproof meeting pods located at DBS office for hybrid work.
Source: DBS Bank
LinkedIn’s head of editorial APAC, Pooja Chhabria, said it “comes as no surprise” that DBS Bank has retained its top spot for two consecutive years.
Singapore is a well-established financial hub in the region characterised by stable regulatory frameworks, she explained.
Some key factors signalling the sector’s growth trajectory include the growth of commercial banking and the Government’s continued emphasis in attracting foreign investment into the country, she added.
The LinkedIn career expert hopes the list offers “stability in our ever-changing world of work”, especially in times of economic uncertainty.
“This list is meant to be an actionable resource, guiding professionals at every stage — whether that means a career pivot, jumping back into the workforce after a hiatus or investing in new skills.”
The complete list of the companies can be assessed via this LinkedIn page, and is accompanied by the respective skills, roles and functions in demand at each organisation.
Also read: DBS CEO Earns S$15.3M After Bank Makes Record Profit, 13% More Than Previous Year
DBS CEO Earns S$15.3M After Bank Makes Record Profit, 13% More Than Previous Year
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Featured image adapted from Elets BFSI – Elets Technomedia and DBS Bank.
