Here are the latest news, insights, and HR updates from the past month in Singapore.
⭐ Recruiting on LinkedIn: 4 Tips to Get Started
Many have claimed that LinkedIn has revolutionised the job market, while others are still struggling to use this massive network of professionals and job seekers effectively. Today, there are a lot of job opening posts posted by HR Managers or recruiters, seeking potential candidates.
As an employer, recruiting on LinkedIn can help you scout the most suitable candidates for your company. Here are some tips on how to do it right.
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⭐ Stress Management in the Workplace: 5 Simple Tips
The psychological and social demands upon workers in high-stress work environments always cause a degree of stress. Some stress is necessary because it can help with staying focused, energetic, and able to meet new challenges in the workplace. However, stress management is needed to prevent burnout. Here are some tips to help with stress management in the workplace.
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⭐ 4 Benefits of Outsourcing Payroll for Your Company
Payroll management entails not just paying your employees correctly and on time, but also managing any tax and regulatory laws that may apply in your region. It can be tricky in some parts. Outsourcing payroll might be the best solution.
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For information on how Swingvy Payroll can support your needs, get in touch.
⭐ The Impact of BYOD Policy on Employee Engagement
As we move into this new age of hybrid working environments, most companies have adopted a Bring Your Own Device (BYOD) policy. Although it is convenient for employees, does it increase engagement?
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⭐ Singapore allows employers to hire more foreign workers
Singapore's Ministry of Manpower (MOM) has launched a new scheme that will allow eligible companies to temporarily hire more foreign workers beyond their quota.
Under the newly launched Manpower for Strategic Economic Priorities (M-SEP) scheme, qualified employers will be able to obtain additional S Pass and work permit quotas of up to five per cent above their base workforce headcount, subject to a cap of 50 workers per firm.
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⭐ In times of economic stress, pay practices take a front row seat
It is no surprise that pay is now the most important factor in satisfaction at work.
The 8.2 year-over-year rate of inflation has eroded any wage gains seen over the past two or three years.
Consequently, the study shows that employees are currently much more focused on their financial health, as compared to results in 2021. The 2022 study showed that meeting monthly expenses, having the ability to retire and personal debt are now among employees’ greatest concerns.
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⭐ Singapore job market outlook and salary trends 2023
Randstad Singapore’s 2023 job market and salary outlook report includes key labour trends and employer insights on salaries, bonuses, hiring outlooks and talent expectations. Download the full report for more information to guide your talent attraction and workforce planning strategy for 2023.
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⭐ 7 in 10 workers will switch jobs if their pay increment is lower than the inflation rate
Over 78% of employees said they will change jobs in 2023 if their pay increments will be lower than the inflation rate, Robert Walters has found.
According to the HR expert, more than three in five (61%) employees expect a pay rise of more than 6% by next year given that core inflation is expected to average around 4% in 2022.
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