MOM Latest News for December 2023: HR Trends 2024, New Scheme for Delivery Drivers, Skills-First Approach, Return-to-office Mandates

Posted on 28 December 2023 in Business | Suki Bajaj

Let’s take a look at Singapore’s top HR news, updates and insights for December 2023 including the biggest 2024 HR trends, newly launched

scheme for delivery drivers, skills-first approach, return-to-office mandates, and more.

Industry Insights on the Key HR Trends to Watch in 2024

Leaders from various industries shared their insights and predictions for the upcoming year. These include slowing job growth, rise of AI chatbots for HR, human-centric employee benefits, skills-based approach, tech talent wars, and more.

The in-depth insights also revealed that employers will increasingly turn to more adaptable and flexible systems to overcome disruptions and digital transformation challenges.

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Unions Launch Scheme for Injured Delivery, Private-Hire and Taxi Drivers

Starting Jan 15, 2024, eligible delivery workers and other freelance drivers who are injured at work will be able to apply for grocery vouchers ($250 worth of FairPrice) to help them ease the burden during their recovery. Eligible workers can claim the vouchers up to twice a year

To qualify for the scheme, workers must have been prescribed medical or hospitalisation leave for 5 consecutive days or more.

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‘Skills-First Transformation’ Gaining Traction as Global Firms Prioritise Talent Potential

A recent report revealed that 'Skills-First Transformation' is gaining momentum, with over half of organisations worldwide embracing this approach to maximise employee potential and adapt to the evolving work environment.

Early adopters rave about SFT's impact on talent saying that it does not only boost retention and development, but it also helps attract top talent by keeping the company competitive and bridging skills gaps.

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Supervisor Bias in Performance Reviews Disadvantage Minority Groups

A recent survey found that minority groups are experiencing negative impacts on their performance reviews due to supervisor bias. The report suggests addressing employee bias concerns through more frequent check-ins for career advancement.

According to the survey, more frequent performance check-ins helped employees feel less concerned about supervisor bias and gave them a clearer understanding of their career paths.

In addition, it was recommended that organizations should combine leadership training with data analysis to gain deeper insights into the factors influencing employee turnover and retention.

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Onsite Work Surges Due to Return-to-Office Mandates

Office attendance is on the rise globally, with countries including Singapore seeing a shift towards more in-person workdays. While Singapore's average of 3.8 attendance days per week remains higher than most markets, it's now closer to the global average. This trend is expected to continue, with an overall increase in onsite work anticipated through the end of the year.

The report's findings underline the need for leaders to proactively shape positive hybrid work environments, as more employees return to the office.

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50% of Young Pandemic Hires Consider Quitting

Majority of young employees hired during the pandemic are on the verge of leaving their jobs, with many citing stress and poor workplace relationships as the key factors driving their decision.

A recent mental health survey highlights the importance of establishing accessible consultation services, both internal and external, to prevent young employees from burning out and leaving too soon.

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