Singapore HR News and Updates for December 2022
Posted on 30 December 2022 in Business | Anna Beatrice
Let's take a look at Singapore's top HR news, updates and insights for December 2022.
Firms That Drive S'Pore's Growth Can Apply for Higher Quota of S Pass or Work Permits under New Scheme
Singapore recently launched a new scheme called Manpower for Strategic Economic Priorities (M-SEP) that allows companies that drive the country's key economic priorities to temporarily hire S Pass and work permit holders beyond the quota for their industry.
Under the new scheme, the quota for such hires will be expanded by up to 5 per cent of a firm's existing base workforce, capped at 50 additional workers. This will last for two years and can also be renewed if the firm continues to meet the qualifying criteria.
Read OnInflation, Talent Supply and Demand Drive Salary Increases for 2023
Based on the recent Aon's survey report, salaries in southeast Asia are expected to slightly increase for 2023. While inflation plays a vital role in how salary changes look across the region, supply and demand in the talent market are also driving increases.
The ongoing talent war and labour shortage across the globe have brought businesses to utilise compensation measures to tackle hiring and retention challenges. This has resulted in higher year-on-year increases in salaries and total compensation.
Read OnMore than 1 in 5 Workers Globally Experience Violence, Harassment
According to a new analysis from the International Labour Organisation (ILO), more than one in five people have experienced violence and harassment at work, whether physical, psychological, or sexual.
Following the release of the analysis, the ILO also rolled out an employers' guide to help organisations address violence and harassment in the workplace.
Read OnHow to Win the War on Talent in the Digital Economy
TDCX (Transformative Digital Customer Experience) shared insights on all the industry and talent trends and how to effectively tackle the HR challenges amid the global talent war. This includes enhancing employee experience, hiring and onboarding process, salary and career and career progression, and more.
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