HR News and Updates | July 2022
Posted on 28 July 2022 in Business | Anna Beatrice
Let’s take a look at Singapore’s top HR news, updates and insights for July.
51% of Singaporeans Could Quit Their Jobs in the Next 12 Months
Based on a recent EY 2022 Work Reimagined Survey, more than half of employees based in Singapore are likely to leave their jobs in the next 12 months.
Samir Bedi, EY Asean Workforce Advisory Leader, encourages employers to address today's key workforce concerns, particularly around competitive compensation and career growth opportunities to prevent employees from quitting their jobs.
Read OnQuickHR Sets Gold Standard in HR Tech with Upgraded MTCS SS584:2020 Security Certification
QuickHR successfully received the renewed version of the MTCS certification that covers all the latest and newest cloud controls - including Zero Trust - after thorough assessments conducted by certification body SOCOTEC.
In addition, QuickHR has also completed an in-depth ISO reassessment process and successfully renewed ISO27001 certification, ensuring further enhancement of security policies.
QuickHR is the first Singapore-based HR solution certified with the highest level of the upgraded Multi-Tier Cloud Security Standard (MTCS).
Read OnSingaporean Workers Not Taking Sick Leave despite Mental and Physical Illness
The latest study from Milieu Insight revealed that 77% of Singaporean employees have not chosen to take a sick leave despite feeling physically unwell, while 67% said they didn't take a sick leave despite not feeling good mentally.
This reflected the prevailing culture of presenteeism and high job demands that causes the employees to refuse to take sick leave despite not being physically or mentally unwell.
Read OnSingapore’s Big Four Accounting Firms Offer Higher Pay to Keep Talent
In a recent report by Bloomberg News, Singapore's biggest audit firms are offering salary increases to retain their skilled workforce amidst the fierce competition for talent in the financial sector.
The Big Four reviewed salaries recently and adjusted them based on the current market to remain competitive.
Read OnMOM: Singapore’s Employment Standards Improve
Based on the recent Employment Standards Report 2021, Singapore's state of employment standards improved as the overall number of employment claims and appeals filed to MOM and the Tripartite Alliance for Dispute Management (TADM) fell significantly.
According to MOM, the drop was driven by the decline in salary claims among local and foreign employees, who made up most of the employment claims. In addition, 95% of employees have fully recovered their owed salaries in 2021
Read OnPandemic-Era Notification to MOM about Wage Cuts to Cease from Aug 1
Starting from August 1, employers with 10 or more workers will no longer have to inform the Ministry of Manpower (MOM) of wage cuts taken in the name of cost-saving.
MOM also stated that the advisory on retrenchment benefits owed to laid-off employees will also cease to take effect. Employers carrying out layoffs must still notify MOM within five days after informing affected staff, if the firm hires at least 10 workers.
Read OnHiring Remote Employees Overseas: HR’s Legal Responsibilities
As more and more businesses adopt hybrid working options, they’re increasingly eager to hire fully remote international employees – something that comes with challenges in Singapore.
To help HR managers perform the right recruitment process, HRD Asia shared a few things to take note of while hiring international talent. These include employment contracts, payroll policies, cultural differences, different time zones, and more.
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