Wage Hike from NTUC CTC Grants: HR News and Updates November 2024
Posted on 28 November 2024 in Business | Suki Bajaj
Let’s take a look at Singapore’s top HR news and events in November, including the recent illegal overseas employment case, wage hike from NTUC CTC Grants, Gen Z workplace behaviour, latest hiring insights, and more!
MOM Suspends Two Employment Agencies for Charging Fees Before Job Placement
The Ministry of Manpower (MOM) has taken action against two employment agencies accused of collecting fees from job seekers before securing them positions.
MOM has suspended the agencies' licenses to protect job seekers from potential exploitation. The agencies were allegedly charging fees for overseas job placements, which is illegal unless the job offer has been confirmed.
MOM warns job seekers to avoid paying fees upfront to any employment agency.
Read OnNTUC CTC Grants to Fund 5% Wage Hikes for Thousands of Workers
An estimated 4,500 workers are expected to see a real wage growth of about 5% above their annual increment, along with enhanced career development opportunities.
The NTUC CTC Grants, managed by NTUC's Employment and Employability Institute, provides up to 70% of qualifying training costs to support companies' transformation efforts.
Read OnGen Z Workplace Behaviour Raises Concerns Among Hiring Managers
A recent survey reveals that nearly a quarter of hiring managers are blaming Gen Z employees in customer-facing roles for client loss due to unprofessional behaviour and tardiness.
As a result, one in eight hiring managers are hesitant to hire Gen Z individuals for such positions. To address this issue, employers are urged to provide comprehensive training in customer service skills, professionalism, and workplace etiquette.
Read OnRevenge Quitting Looms Despite Current Low Turnover
Employers may be enjoying a period of low turnover, but they should be wary of a potential "revenge quitting" wave.
Glassdoor reveals that 65% of surveyed employees feel stuck in their current roles, particularly in tech and advertising, due to a sluggish job market.
This growing frustration could lead to a surge in resignations as employees seek better opportunities and express their dissatisfaction with their current situations.
Read OnNine in Ten Singapore Leaders Value Thinking Skills in Hiring
A recent report from the NTUC LearningHub shows that over 90% of business leaders in Singapore prioritise strong thinking skills when hiring, recognising its crucial role in adapting to change and making informed decisions.
As emerging technologies like AI reshape the workplace, thinking skills are seen as essential complements to technical abilities, empowering employees to take on more complex roles and drive innovation.
Read On