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Early September this year, a new Jobs Taskforce has been assembled with the objective of helping boost the local talent scene for key sectors. As stated by Minister of Manpower Tan See Leng, there are three broad areas this initiative is targeting. One, to support locals in their career switch within the key sectors. Two, […]
Uncertainties always exist in the workplace, and one of the biggest uncertainties is whether the candidate you just hired will prove to be a quality candidate. This uncertainty is not only a time-consuming affair, but it can be extremely costly as well. According to the CEO of Zappo, Tony Hsieh, the cost of bad hiring cost his organization […]
A peek into the advanced release of the Labor Market Report by Singapore’s Ministry of Manpower (MOM) has offered some insight to employment growth in the second quarter of 2021. As of now, estimates show that there is an increase of resident employment growth. However, it is expanding at a declining growth rate. Phase 2 (Heightened Alert) […]
It has been a long, drawn-out year with the fight against the global pandemic, and as the world shifts its gears to adapt to the new normal, there are finally more optimistic signs observed. Hong Kong, where the unemployment rate in 2020 suffered due to both political protests and the impacts of the pandemic, is […]
In the global fight against the COVID-19 pandemic, Malaysia is one of the countries to face a brutal struggle. Fast forward from the start of the pandemic up until today, Malaysia is currently at their 3rd Movement Control Order (MCO), which is a nationwide cordon sanitaire measure to flatten the curve from the third wave […]
Professional Employer Organisation, also known as PEO, is a term quickly gaining traction globally. Especially because we are currently living in the climate of a pandemic, this has forced many businesses to think about engaging PEO services to facilitate their expansion in the international markets. If you are here, chances are you are deliberating on […]
In 2020, many employees suffered a reduction in salary growth due to adverse financial impacts on business from socio-political tensions and the pandemic. The reduction in growth dropped from 4% in 2019 to 2.1% in 2020. That brings to an estimate that 2 in 5 Hong Kong employees were not getting any wage increase at […]
On 2 February 2021, Hong Kong Secretary for Labour and Welfare, Law Chi-kwong, announced that the minimum wage will be frozen at HK$37.50 per hour from May 2021 up till 2023. Since the Minimum Wage Ordinance was enacted in 2011, this is the first time that the minimum wage is frozen. This freeze is in […]
From a global standpoint, it is clear as day that technology skills are required in order to future proof businesses in this growing digital era. It is more important now than ever before to upskill in light of this evolving demand, as companies continue to actively recruit tech talents. As Singapore inches closer to becoming […]
With the increasing pressures to cut costs, outsourcing your HR can be an arrangement to help handle your HR functions for your business. Typically, businesses that face the following challenges are encouraged to outsource their HR: Liability exposures and previous penalties due to HR lawsuits Lack of in-house HR staff to manage HR infrastructure Over […]