AI Won’t Replace Human Capital in Next 10 Years; Food Improves Talent Retention

  • LIFT 2019 was Swingvy’s first conference on November 21 giving business owners and thought leaders a platform to discuss predictions around the future of work
  • Singapore’s employee engagement index is the second lowest in Asia Pacific Region, at just 72%; 90% of Millennials think about new job opportunities before their probation ends

Award-winning HR tech platform Swingvy officially debuted LIFT 2019, it’s first ever inaugural conference that drew over 150 participants from AVIVA, Citibank, Wantedly, Validus, SCCI, Exxon Mobil, Terrapin, and Financial Alliance. Through LIFT, Swingvy sees the opportunity to enable conversations and provide a platform for business owners, thought leaders, and aspiring entrepreneurs to come together and discuss what the future of work might look like in the face of increasing technological advancements.

According to a survey conducted by Swingvy, 43% of employees frequently think about quitting, and 48% are currently unhappy with their job. “We co-founded Swingvy because the ‘Human Resources’ industry sometimes does not focus on the ‘human’ aspect of things,” said Jin Choeh, CEO and Co-Founder of Swingvy.

“Swingvy is first and foremost, a people empowerment platform besides our core business of an all-in-one HR cloud platform, and through creating LIFT, we want to empower communities and inspire positive change across all industries! Whether you are a business owner, thought leader, or aspiring entrepreneur, we believe everyone can learn from each other.”

Swingvy’s CEO and Co-Founder predicts that human capital is still integral in jobs today, and will still be important for jobs in the future. “AI cannot yet replace human capital, and even if we get to a point where that happens, we see that the human touch is still very much needed.

According to LinkedIn’s inaugural global Inside the Mind of Today’s Candidate report, 34% of Singaporeans have no intention to stay at their jobs for more than a year. “This could be due to the lack of employee engagement, since we see a third of all employees eating at their desks alone up to 4 times a week,” said Adele Grosskopf, Head of Deliveroo for Business.

“Workplace culture actually plays a big role in employee engagement and retention, sometimes even more than just salary. Through Deliveroo for Business, we aim to encourage social eating to increase team bonding, leading to happier and more productive employees.”

The Nov 21 half-day conference on also had keynote speakers Lars Voedisch, Managing Director of PRecious Communications, and Ang Kian Peng, Director of Samsui Supplies & Services Pte Ltd. These four keynote speakers were joined by founders from other start-ups as well, in industries such as education, technology, commerce, finance, music and events.

At LIFT’s “Challenges Of The Future Workforce and How To Prepare For The Next Recession” session, panellists Tho Kit Hoong, Co-Founder of Swingvy, Kenneth Ho, CEO and Founder of BEAMSTART, Adrian Tan, Regional Leader, Client Solutioning APAC, at PeopleStrong, and Gail Lau, Regional Leader Talent Acquisition Partner for 99.co, discussed the differences between technological advancements and technological empowerment.

Tho also spoke about how jobs in the future could evolve to become decentralised, and catered more to the gig economy. “The world is getting smaller, so virtualisation and shared services is the way to go. Talent should no longer be confined to a country, since in future flexibility will be more important.”

In 2020, Swingvy plans to go regional with LIFT, and plans for the conference to lift off in Malaysia in early 2020, and in Taiwan by October 2020.

Inspired by TED Talks, Swingvy will make all sessions from LIFT available on https://lift.swingvy.com

Official Hashtags:
#ItsgonnabeLIFT | #SwingvyLIFT | #DeliverooForBusiness | Learn more at https://lift.swingvy.com

About Swingvy
Swingvy is a modern HR platform that aims to revolutionize and transform HR practices for small and mid-sized businesses. Built to champion people in their work, Swingvy seamlessly connects all HR information – HR, Payroll, Claims and Benefits – and automates every administrative task without hassle. Swingvy serves over 6,500 companies from offices in Kuala Lumpur, Singapore, Taipei and Seoul. Swingvy was founded in late 2016 with a mission to create a workplace where work empowers people. For more information about Swingvy, please visit: https://www.swingvy.com

About LIFT
LIFT brings together brilliant minds, innovators, creators, entrepreneurs, dedicated leaders from various industries and their community into one space. The knowledge-sharing space will be the people platform to lift conversations as a positive change driver for business and society today. For more information on LIFT, please visit: https://lift.swingvy.com/

About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with over 80,000 best-loved restaurants and takeaways, as well as 60,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with 2,500 employees across 13 markets including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Spain, Taiwan, UAE, Kuwait, the UK and Singapore. For more information on Deliveroo, please visit: https://deliveroo.com.sg

About Deliveroo for Business
Deliveroo for Business is Deliveroo’s corporate arm, serving an amazing range of cuisines to boardrooms and hotel rooms across the country. It flips the idea of the stale sandwich platter on its head – bringing the broadest range of cuisines to offices and business across the country.

Deliveroo for Business is a corporate account-based system, offering two types of access:
1. Companies can add an allowance (credit) to an individual Deliveroo account to allow staff to order throughout the day. Time and location restrictions can be set on any allowance.
2. Corporate ordering gives office managers, event teams and nice bosses everywhere to access a wider range of restaurants able to cater large orders.

Essentially, Deliveroo for Business changes the definition of desk-dinners. Employers can foot the bill for top quality breakfast, lunch and dinner delivered to the office, or within whichever parameters they decide work best for their team. Find out more about Deliveroo for Business at: https://deliveroo.com.sg/business/.

Media Contact
PRecious Communications for Swingvy
Debbie Beins
T: +65 6303 0567
E: swingvy@preciouscomms.com

Deliveroo
Greg Kwan
T: +852 6893 6799
E: greg.kwan@deliveroo.com

Swingvy and Deliveroo for Business launch LIFT, Singapore’s First Platform to Discuss the Future of Work

Swingvy, one of Asia’s fastest-growing HR tech platforms, today announced that it will host its first-ever LIFT on Thursday 21 November at Noontalk Studios in Singapore. Powered by Deliveroo for Business, a global leading food delivery services company, the half-day conference will bring together business leaders, established entrepreneurs, and industry experts to discuss issues relating to productivity while highlighting current problems in the workplace – all in less than five hours!

The brainchild of Jin Choeh, Tho Kit Hoong, Jahun Koo, and Hyojun Lee, Swingvy was founded to empower both business leaders and employees by emphasising the importance of human capital in a world where technology is rapidly advancing.

Research from the World Economic Forum’s 2018 Future of Jobs Report details that nearly 50% of companies expect that automation will lead to some reduction in their full-time workforce by 2022, and coupled with CNBC’s recent report about workplace automation – fears of redundancy and job loss are naturally more prevalent in the workplace.

Through LIFT, Swingvy aspires to enable knowledge and best practice sharing across industries, with the aim of starting conversations to empower communities by lifting them up and inspiring positive change. As such, employers and businesses should strive to improve Emotional Intelligence (EQ) amongst staff, hence forging stronger relationships and reassuring them of the paramount importance of human capital for a business. In the context of Singapore, a poll conducted by The Straits Times showed that organisations viewed the main goal of automation to be towards improving human performance and productivity, instead of replacing people.

“At the core of everything we do at Swingvy, people come first. We’ve always moved forward with this human-centric vision in mind,” said Jin Choeh, Co-Founder and CEO of Swingvy. “We are very excited that Deliveroo for Business shares our vision, and sees the importance of providing a platform for learning and sharing. LIFT is the perfect stage for some of the most highly knowledgeable industry professionals to come together and drive conversations that will benefit businesses and society at large, and potentially change the way we work.”

“Deliveroo for Business is proud to be powering Swingvy’s first-ever conference in Singapore next month. We believe that it’s a time for driving cultural change in the workplace and creating spaces that facilitate collaboration, conversation and cultural exchange. Food has such a huge impact in shaping workplace culture, and we hope that more businesses will start to build this approaching their employee engagement strategies,” said Adele Grosskop, Head of Deliveroo for Business Singapore.

LIFT brings together a unique talent pool of individuals across various industries and backgrounds – including innovators, creators, entrepreneurs, and dedicated leaders from various industries and their communities – into one space. At the event, live speakers and curated videos will combine in the hope of igniting deep conversation about the industry in this thought-provoking and interactive seminar that seeks to provide networking opportunities for like-minded professionals.

The main emphasis of LIFT still remains to challenge the status quo and to act as a catalyst of change in business and society through the sharing of ideas in an insightful and engaging manner.

LIFT will take place at Noontalk Studios in Alice@Mediapolis, Singapore on 21 November 2019, from 1pm to 5.30pm. Besides Jin from Swingvy and Adele from Deliveroo for Business, other keynote speakers include Lars Voedisch, Managing Director of PRecious Communications, and Ang Kian Peng, Director of Samsui Supplies & Services Pte Ltd. The four keynote speakers will be joined by founders from other start-ups as well.

Official Hashtags:
#ItsgonnabeLIFT | #SwingvyLIFT | #DeliverooForBusiness | Learn more at https://lift.swingvy.com!

LIFT will also be going regional, launching in Malaysia in early 2020, and in Taiwan by October 2020.

About Swingvy
Swingvy is a modern HR platform that aims to revolutionize and transform HR practices for small and mid-sized businesses. Built to champion people in their work, Swingvy seamlessly connects all HR information – HR, Payroll, Claims and Benefits – and automates every administrative task without hassle. Swingvy serves over 6,000 companies from offices in Kuala Lumpur, Singapore, Taipei and Seoul. Swingvy was founded in late 2016 with a mission to create a workplace where work empowers people. For more information about Swingvy, please visit: https://www.swingvy.com

About LIFT
LIFT brings together brilliant minds, innovators, creators, entrepreneurs and dedicated leaders from various industries and their communities into one space. This knowledge-sharing space will be the people platform to lift conversations as a positive change driver for business and society today. For more information on LIFT, please visit: https://lift.swingvy.com/

About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with over 80,000 best-loved restaurants and takeaways, as well as 60,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with 2,500 employees across 13 markets including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Spain, Taiwan, UAE, Kuwait, the UK and Singapore. For more information on Deliveroo, please visit: https://deliveroo.com.sg.

About Deliveroo for Business
Deliveroo for Business is Deliveroo’s corporate arm, serving an amazing range of cuisines to boardrooms and hotel rooms across the country. It flips the idea of the stale sandwich platter on its head – bringing the broadest range of cuisines to offices and businesses across the country.

Deliveroo for Business is a corporate account-based system, offering two types of access:
1. Companies can add an allowance (credit) to an individual Deliveroo account to allow staff to order throughout the day. Time and location restrictions can be set on any allowance.
2. Corporate ordering gives office managers, event teams and nice bosses everywhere to access a wider range of restaurants able to cater large orders.

Essentially, Deliveroo for Business changes the definition of desk-dinners. Employers can foot the bill for top quality breakfast, lunch and dinner delivered to the office, or within whichever parameters they decide work best for their team. Find out more about Deliveroo for Business at: https://deliveroo.com.sg/business.

Media Contact:
PRecious Communications for Swingvy
Debbie Beins
T: +65 6303 0567
E: swingvy@preciouscomms.com

Deliveroo
Greg Kwan
T: +852 6893 6799
E: greg.kwan@deliveroo.com