• Despite the finance function already being highly competitive and stressful, 78% of Singaporean CFOs expect stress levels to go up over the next 3 years, found a new research by Robert Half. In a press statement to Human Resources, the specialised recruitment firm revealed the main causes of growing stress levels – increased workloads (56%), increased business expectations (54%), shorter deadlines (40%) and a competitive marketplace (38%). Thankfully, the overwhelming majority (94%) of Singaporean CFOs revealed that they are taking
  • Local authorities are seeking to to raise the maximum penalty for the offences of overcharging job seekers and unlicensed operation of employment agencies. In a government press release issued last Friday, authorities gazetted The Employment (Amendment) (No.2) Bill 2017. The new bill seeks to amend Part XII of the Employment Ordinance (EO) (Cap 57) to raise the maximum penalty for overcharging job seekers. Under present regulations, the maximum commission which may be received by an employment agency from a job
  • Asia has always been a lucrative destination from a commercial point of view, despite its vast complexities and regional variances. For HR leaders as well, Asia offers a number of experiences and opportunities for growth and experimentation. Recognising this, we find many are keen on ‘ticking’ Asia off their checklist of the world’s best regions to work in. And why not? With the evolution in the function, the HR space in Asia is abuzz with different challenges. Let’s hear it
  • Though pay transparency has been found to boost employer-employee relationships, bosses in the advertising and marketing fields felt that an open pay policy would decrease staff morale. According to new research from The Creative Group, 82% of the 400 creative executives interviewed, revealed that their organisation refrains from publicising staff compensation; of these respondents, 61% felt that pay transparency would decrease staff morale. Nevertheless, the research also noted that there is an upside to embracing such a policy, with top
  • A recent research by UK-based Oxford Strategic Consulting (OSC) found that changing work models are becoming more hospitable to the Ramadan work schedule. Rather than worry about the negative effects on business, business leaders should instead focus on improving well-being, increasing engagement and embracing flexible work patterns during the Islamic holy month. According to the press release, more vacation time can improve performance and well-being. In fact, it shared that an internal study in 2006 by accounting firm Ernst &
  • Sick days: how many is too many? For employees who are running out of annual leave, today is perhaps one of the best days of the year to call in sick. Thanks to the public holiday tomorrow, calling in sick today will get them four consecutive days off. Recently, a netizen shared in an online post that he took four to six sick days a year and was told by his supervisor this would negatively impact his appraisal. The supervisor