Siam Piwat bolsters organizational strength, gearing up for domestic and overseas business expansion
Siam Piwat – a leading real estate and retail developer, the owner and operator of world-renowned projects like Siam Paragon, Siam Center, and Siam Discovery, and a joint partner of ICONSIAM and Siam Premium Outlets Bangkok – has initiated corporate restructuring in order to take its human resource (HR) excellence to the next level, enhance organizational agility and flexibility, and give a new generation of talents an opportunity to take leadership roles and play an active part in equipping the organization for change and for future business expansion both in Thailand and overseas. The new initiative is in line with Siam Piwat’s commitment to its role as a well-growing platform and its position as a future-ready organization.
Ms. Amporn Chotruchsakul, President – Business Support, Siam Piwat Co., Ltd., said, “The COVID-19 pandemic is a testament that we have been able to overcome all crises over the years because of our remarkable adaptability. Key mechanisms that have driven our business over the past three years include organizational restructuring for greater agility and flexibility, the fostering of mindsets and skillsets that are in line with corporate strategy for domestic and international business expansion, and the development of digital capability in order to become a data-led organization. Furthermore, we have given internally-groomed young talents an opportunity to be the next generation of leaders by working with experts from diverse fields to join our team in order to develop new business approaches that will lead to changes and generate growth.”
Currently, Gen-Y and Gen-Z employees account for 67% of Siam Piwat’s workforce of over 2,500, while the number of Gen-Z staff members has risen by about 6% in the past five years and is expected to continue the upward trend. The change in the workforce makeup is in line with the company’s strategy to create high-potential teams and give the middle management more opportunities to take on large-scale projects, which will enable the organization to better tackle the challenge of managing a multigenerational workforce, achieve its ambitious goals, and ensure growth for all.
Apart from organizational diversity, to ensure its ability to achieve sustained growth, Siam Piwat recognizes that employee capabilities are of utmost importance and that its personnel must be equipped with skillsets that align with its domestic and international business expansion strategies. To this end, Siam PIwat has been actively developing its human resources from executives to employees and designed career paths for talents as well as enhanced its capabilities for strategic planning and the business management of human resources and leadership skills in order to develop a global perspective for competition in the future.
The resounding success of Siam Piwat’s recent HR restructuring are attested by various accolades from national and international HR management and development organizations. This year, Siam Piwat has won an HR Asia Best Companies to Work for in Asia Award, marking the second consecutive year it has earned this award from HR Asia, along with a Diversity, Equity & Inclusion Award from the same organization, testifying to the company’s outstanding practice on diversity, equity, and inclusion. Siam Piwat has also received Excellence in an HR Communication Strategy Award and an Excellence in CSR Strategy Award at the HR Excellence Awards 2023 and an international business excellence award the Enterprise Asia Linchpin of Asia Awards 2023. In addition, in 2022, Siam Piwat was presented with a Gold Excellence in Crisis Management and Recovery Award and a Bronze Excellence in Women Empowerment Strategy Award at the HR Excellence Awards 2022.
Mr. Nuttawut Kietchaiyakorn, Chief Business Resources – Human Resources, Siam Piwat Co., Ltd., “Siam Piwat is fostering a corporate culture for the modern workplace by engaging employees of every generation and empowering limitless possibilities in anticipation of future business expansion. We also seek to manage the diverse working styles and mindsets of the different generations, especially among younger people, who will take more leadership roles in the company, focusing our strategy on the four following dimensions.”
1. Future Workforce: Siam Piwat ensures its workforce preparedness by recruiting new hires and talents who bring new and diverse expertise, in line with the ever-changing nature of retail business. Since the development and launch of ONESIAM SuperApp, the company’s flagship for omnichannel business operations, Siam Piwat has brought on board more digital and data professionals, who currently account for 10% of the total workforce.
2. Future Workplace: Siam Piwat has adjusted its workplace environment to align with the changing employee behavior, placing emphasis on diversity, equality, and employee engagement as well as on the physical and mental well-being of its personnel. In addition, Nong Anchan chatbot has been developed to address HR-related questions, making it more convenient for employees and reducing the time it takes for them to search for vital information.
3. Future Skills: Siam Piwat strives to ensure its personnel are equipped with necessary digital and human skills for today’s workplace beyond functional skills. To this end, the company has provided new training courses, both offline and offline, such as training sessions on ChatGPT, which has become a vital tool for employees. In addition, Siam Piwat has signed an MOU with world-class learning platform LinkedIn Learning to give its personnel access to over 21,000 online courses.
4. Future Culture: Siam Piwat promotes the Work as One corporate culture and strives to foster a sense of trust among its personnel. Through the We Care We Dare campaign, high-ranking executives are encouraged to engage more with employees, listen to their feedback directly through various activities, and cultivate a mindset among employees to make the impossible possible, thus empowering them to think and act boldly and develop their potential beyond all limits.
Guided by its commitment to human resource development, Siam Piwat is ready to streamline its work process and create a strong team of high-quality professionals in order to become a future-ready organization, achieve the top-to-mind position not only among customers but also customers, and ultimately solidify its position as the employer of choice for all.
