Singapore Employees Prioritize Upskilling Opportunities in 2024: MOM Latest News for January 2024
Posted on 30 January 2024 in Business | Suki Bajaj
Let’s take a look at Singapore’s MOM latest top HR news, updates and insights for January including the recent cases of illegal foreign worker hiring, rising job turnover rates, Singapore employees prioritize upskilling opportunities in 2024, surge in remote worker hiring, employee benefits trends, upskilling demands, and more.
Singapore Employees Prioritize Upskilling Opportunities in 2024
68% of Singaporean employees seek new skills in 2024, driven by a changing job market and the rise of AI. An Indeed survey found most are motivated by career advancement, with 38% citing anxiety about AI automation. Flexibility tops workplace priorities, but salary increases, and career advancement remain important.
Read OnManpower Costs a Top Concern for Singapore Companies
A survey by the Singapore Business Federation reveals 58% grapple with rising business costs, including manpower cost as their top issue. To address recruitment and retention challenges, companies are raising salaries, but face concerns about manpower availability, employee retention, and foreign talent restrictions.
Read OnEmployees in Singapore Most Likely to Leave Jobs in Two Years
A recent study reveals high job turnover in Singapore, with nearly 30% of employees planning to leave their current employer within two years. Top reasons include inadequate pay, limited career growth, and feeling undervalued.
Read OnRemote Hiring Surges despite RTO Push
Remote hiring thrives despite return-to-office (RTO) mandates, expanding beyond tech to sales and content. While some advocate for office return, the report predicts remote hiring to sustain through 2024, with companies prioritising talent over location.
Read OnGen Z's Rise Reshapes Employee Benefits
A recent report found that Gen Z isn't just growing its workforce presence - it's reshaping benefits expectations. This year, nearly 60% of all employees crave personalised benefit suggestions to navigate complex choices.
Ongoing benefit education and increased utilization throughout the year can significantly boost employee well-being and overall satisfaction.
Read OnFood Stall Operators Convicted of Illegally Employing Foreign Workers in Singapore
Singapore authorities convicted five food stall owners for illegally employing foreign workers at temporary fairs. Two received prison terms for violating employment laws. All 19 affected workers are now barred from working in Singapore. The move highlights strict regulations requiring proper work passes for foreign workers.
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