Search Results for: Singapore

WITH east and southeast Asia’s labour market tightening, companies and governments are developing innovative schemes to entice a key resource into their workforces – returning professionals, who have taken a break from their careers.

Morgan Stanley through its Return to Work 2018 programme aims to lure such “experienced” workers to restart their lives as employees at this global financial firm through a 12-week paid internship in the company’s Hong Kong offices.…

HONG Kong regulators have laid down binding rules on financial institutions insisting that they practice effective cybersecurity management. The special administrative region’s (SAR) Securities and Futures Commission (SFC) has issued ‘Guidelines for Reducing and Mitigating Hacking Risks Associated with Internet Trading’ requiring all licensed or registered internet traders to implement 20 steps to reduce cyber-attack vulnerabilities.…

AS the gig economy or ‘open talent economy’, grows within the ASEAN (Association of Southeast Asia Nations) region, how will it impact the area’s HR jobs? Experts warn that the number of full time, traditional personnel jobs are going to be cut significantly and the role of HR is bound to be disrupted.…

HUMAN resources experts in Asia have challenged the widely-held belief that recruiting more and more younger ‘digital natives’ who grew up in the Internet age is the best answer to technological developments completely transforming traditional work environments.

Personnel specialists in the tech-innovation-driven economies of Singapore, Hong Kong and Malaysia believe that an older more experienced workforce might actually be more beneficial to organisations mastering digital development challenges.…

MORE than half of current jobs in Malaysia could either disappear totally or see their nature “considerably change” over the next two decades due to advancements in automation, according to a new report.

And businesses will have to work with education providers to ensure relevant skillsets are taught to bridge the employability gap, human resources experts warned.…

HUMAN Resources experts across east and southeast Asia need to rethink what can be overly-automated hiring processes, lacking in personal touch, say some experts. Indeed, there is a need to rehumanise the candidate experience, according to a new study which found that too much automation puts off prospective candidates rather than attracts them.…

SINGAPORE’S HR sector needs to plan ahead to beat an estimated productivity loss of SGD3.3 billion (USD2.43 billion) by 2030 due to sickness absenteeism among its workers, experts have warned.

This estimated loss is 43% more than the productivity loss in 2016 because of sickness absenteeism in Singapore, according to an October 2017 study entitled ‘Aging Workforce: Cost and Productivity Challenges of Ill Health in Singapore’ compiled by New York-based HR consulting firm Mercer together with New York-based professional services company Marsh & McLennan Asia Pacific Risk Center (APRC). …

A NEW national training initiative launched in Singapore focusing on key skills to create a competitive workforce risks failing to achieve its target for omitting critical soft skills from its remit, HR experts have warned.

While specific expertise in areas such as finance and technology are vital in the modern workplace, industry specialists believe qualities such as emotional intelligence and cultural awareness are those which help distinguish successful employees from their counterparts yet they do not feature in the new programme.…

SINGAPORE’S workforce is highly diverse – drawing from a multi-cultural home labour market and tapping international sources of expertise –  meaning companies benefit from a larger talent pool with a competitive edge. But among such employees, frequent miscommunication can occur, hence the government has moved to further strengthen its dispute resolution mechanism with a promise to do more to tackle the issue.…

THE SINGAPORE government’s efforts towards increasing the share of locals in its workforce are gaining momentum and bearing fruit, according to new figures.

As many as three out of four white-collar jobs, (professionals, managers, executives and technicians – often clubbed together under the acronym PMETs), created in the last three years, went to locals as opposed to just one in two jobs five years ago, according to Singapore manpower ministry data.…