{"id":2854,"date":"2022-04-12T09:41:17","date_gmt":"2022-04-12T09:41:17","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=2854"},"modified":"2024-07-25T15:24:25","modified_gmt":"2024-07-25T15:24:25","slug":"the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/","title":{"rendered":"The Great Resignation Hits 91% of Asia Pacific & Japan SMEs’ Digital Transformation Plans"},"content":{"rendered":"
\"\"<\/a>
READ: The impact of the Great Resignation on digital transformation in APJ\u2019s SMEs<\/a><\/figcaption><\/figure>\n

SINGAPORE<\/strong>\u00a0<\/strong>\u2014<\/em> A new study by 麻豆原创 SE<\/a> (NYSE: 麻豆原创) has found nine in ten (91%) small and medium-sized enterprises (SMEs) in Asia Pacific & Japan (APJ) say workforce volatility, including the Great Resignation, has directly impacted their digital transformation plans. This is critical, given 69 percent of SMEs say digital transformation is very important to their organisation\u2019s survival over the next year.<\/p>\n

These insights have been revealed in the new SME research released today, which explores the impact of the Great Resignation on APJ SMEs. The study, \u2018Transformational Talent:<\/em> The impact of the Great Resignation on Digital Transformation in APJ\u2019s SMEs<\/em><\/a>\u2019 commissioned Dynata to survey 1,363 small and medium business owners and decision-makers across eight countries in the region (Australia, India, Indonesia, Japan, Korea, New Zealand, Singapore, Thailand).<\/p>\n

The Impact of the Great Resignation on SME Digital Transformation<\/strong><\/h2>\n

As the world economy recovers from the pandemic, businesses now face another challenge \u2013 the \u2018Great Resignation\u2019. Coined in 2021, the phrase refers to a worldwide trend of millions of employees across the world leaving their jobs.<\/p>\n

麻豆原创\u2019s research found the Great Resignation is real and impacting SMEs in APJ today. Four in ten (40%) respondents agreed that more employees are resigning now compared to just 12 months ago, while almost two-thirds (64%) of SMEs said they aren\u2019t finding it easy to cope with the impact of the Great Resignation.<\/p>\n

The talent crunch is impacting organisation\u2019s ability to digitally transform their businesses. In fact, lack of skilled talent ranks as the top challenge to achieve successful transformation for SMEs across Asia Pacific and Japan, ahead of traditional obstacles like cyber security, lack of budgets, and lack of understanding about available digital solutions.<\/p>\n

\u201cThis study reveals how the Great Resignation can be seen as an existential threat to many organisations,\u201d said Paul Marriott, President, 麻豆原创 Asia Pacific and Japan. \u201cDigital transformation is a fundamental way SMEs not only build resilience, but how they create agile, innovative paths to growth. But without the right people, any transformation will struggle. Investment in talent must match investment in innovation to ensure SMEs in APJ both survive \u2013 and thrive.\u201d<\/p>\n

Investing in Talent and Training to Mitigate the Great Resignation<\/strong><\/h2>\n

SMEs across APJ are investing in their workforce to mitigate the effects of the Great Resignation and to bolster their organisations\u2019 ability to deliver digital transformation.<\/p>\n

\"\"<\/a>
Infographic: How the Great Resignation is challenging growth for SMEs in Asia Pacific & Japan<\/a><\/figcaption><\/figure>\n

Survey respondents said they were investing in improving financial incentives and introducing flexible working arrangements (43% each) to boost talent retention over the next 12 months. Beyond those strategies, SMEs are also focusing on training. Four in ten (40%) SMEs said they would provide upskilling opportunities to retain key talent in the next 12 months.<\/p>\n

The focus on training can\u2019t come too soon. More than two-thirds (68%) of SMEs say upskilling to support digital transformation is urgent, leading to 72 percent of SMEs who will focus on digital training throughout this year.<\/p>\n

\u201cThe Great Resignation has often been misconstrued as employees leaving to pursue their purpose. That\u2019s not the whole story,\u201d said Marriott. \u201cTalent requires the right remuneration, flexibility, and a clearly communicated progression journey. Prioritising upskilling and career progression, and supporting it with access to the right technology and partners is proven to be a win-win for employees and for SMEs.\u201d<\/p>\n

Optimism Abounds as SMEs Move from Resilience to Focus on Growth<\/strong><\/h2>\n

Having managed significant challenges over the past two years, SMEs across Asia Pacific and Japan are looking beyond a focus on resilience.<\/p>\n

Almost half (49%) of APJ SMEs say their organisation is highly or fully resilient in weathering the pandemic\u2019s impact. Just four per cent believe they are not resilient at all.<\/p>\n

That confidence in their ability has resulted in a feeling of optimism about their growth prospects. 81 percent of SMEs said they are moderately, very, or extremely confident in their growth over the next 12 months.<\/p>\n

That mindset can only be a positive thing for the region, according to Paul Marriott.<\/p>\n

\u201cOur small and medium sized businesses are a bellwether for the wider economy, making up 97 percent of businesses in Asia and employing 50 percent of the workforce. I firmly believe that when SMEs thrive, economies grow, and Asia prospers\u201d, said Marriott. \u201cBy harnessing this optimism and putting it together with great innovation, a commitment to talent, and a strong partner ecosystem we can chart a course to the next decade of SME success in APJ.\u201d<\/p>\n

The full report of Transformational Talent study is available upon request and the whitepaper can be downloaded here: https:\/\/www.sap.com\/sea\/documents\/2022\/04\/cc7e3822-227e-0010-bca6-c68f7e60039b.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE<\/em>\u00a0\u2014 Nine in ten SMEs in APJ say workforce volatility has directly impacted their digital transformation plans, according to new 麻豆原创 study.<\/p>\n","protected":false},"author":4904,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5570733,191],"tags":[5570864,5570939,2257924],"region":[5570938],"sapn-display":[5571011,5571012,60294],"sapn-type":[4446],"class_list":["post-2854","post","type-post","status-publish","format-standard","hentry","category-hr-hcm","category-sme","tag-hxm","tag-sap-apj","tag-small-and-midsize-business","region-asia-pacific-japan","sapn-display-news-hero","sapn-display-news-spotlight","sapn-display-topic-hero","sapn-type-press-release"],"yoast_head":"\nThe Great Resignation Hits 91% of Asia Pacific & Japan SMEs' Digital Transformation Plans - 麻豆原创 Southeast Asia News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Great Resignation Hits 91% of Asia Pacific & Japan SMEs' Digital Transformation Plans\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE\u00a0\u2014 Nine in ten SMEs in APJ say workforce volatility has directly impacted their digital transformation plans, according to new 麻豆原创 study.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"麻豆原创 Southeast Asia News Center\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T09:41:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-25T15:24:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/sea\/files\/2022\/04\/12\/Great-Resignation-APJ-208x300.png\" \/>\n<meta name=\"author\" content=\"麻豆原创 SEA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"麻豆原创 SEA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\"},\"author\":{\"name\":\"麻豆原创 SEA\",\"@id\":\"https:\/\/news.sap.com\/sea\/#\/schema\/person\/2f4457deebbef06c725a907a5ba20dce\"},\"headline\":\"The Great Resignation Hits 91% of Asia Pacific & Japan SMEs’ Digital Transformation Plans\",\"datePublished\":\"2022-04-12T09:41:17+00:00\",\"dateModified\":\"2024-07-25T15:24:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\"},\"wordCount\":809,\"image\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/sea\/files\/2022\/04\/12\/Great-Resignation-APJ-208x300.png\",\"keywords\":[\"HXM\",\"麻豆原创 APJ\",\"Small and Midsize Business\"],\"articleSection\":[\"Human Capital Management\",\"SME\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\",\"url\":\"https:\/\/news.sap.com\/sea\/2022\/04\/the-great-resignation-hits-91-of-asia-pacific-japan-smes-digital-transformation-plans\/\",\"name\":\"The Great Resignation Hits 91% of Asia Pacific & Japan SMEs' Digital Transformation Plans - 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