The Cabinet has approved the setting up of the National Pension Fund (NPF), a new mandatory retirement savings scheme for formal sector workers.
Despite challenges posed by the pandemic last year, start-ups in the country attracted S$5.5 billion (US$4 billion) in funding.
Beginning April 1, the minimum hourly wage in the country will increase to NZ$20 (US$14) from the current NZ$18.9 (US$13.2).
Less than half of salaried workers surveyed are willing to be inoculated against the coronavirus, as uncertainty remains over potential side effects.
The inception of Republic Act 11337 will help entrepreneurs bring their innovative ideas to fruition by providing them with government support.
The government is proposing a change to the current employment law to support a work-from-home (WFH) culture even in the post-pandemic era.
The bill proposes that companies employing less than five workers must insure their staff for occupational accidents.
Tokyo and neighbouring prefectures are mandating food-and-beverage businesses to close earlier to reduce the risk of a rebound of pandemic cases.
In February, out of the 1.35 million persons officially unemployed, 999,000 had lost their jobs due to the pandemic.
Senator Manny Pacquiao has filed a bill calling for a 335-billion-peso (US$6.9 billion) stimulus package in the Senate.
Wanita Industrial Malaysia (WIM), a trade union coalition representing female workers, has urged the government to mandate 98 days of maternity leave.
To prepare for workplaces in a post-COVID era, banks and financial institutions are redesigning their workplaces and adopting flexible work arrangements.
The Ministry of Labour is launching WORKNET, a new job website designed to help Cambodians find jobs amid the pandemic.
Prime minister Yoshihide Suga has said he targets to raise the country’s average minimum hourly wage to 1,000 yen (US$9.2) as soon as possible.
The Department of Labor and Employment (DOLE) has launched a Q&A educational video series – Sagot Ka Ng DOLE.
A new survey by the OECD recommends that the country step up its vocational education and adult training, with a focus on digital skills.
The number of people preparing for employment has hit a record high last month in a pandemic-affected labour market.
The unemployment rate fell in February to pre-pandemic levels amid the rollout of vaccination and fiscal stimulus stimulating the economy.
To upskill workers likely to lose their jobs due to COVID-19, the labour ministry has proposed a programme to train them.
Companies are offering the lowest pay rises in eight years – signaling an end to former prime minister Shinzo Abe’s stimulus policies.
The jobless rate for those 16 to 24 years old was 13.1% in February, more than double the national urban unemployment rate of 5.5%.
South Korea’s unemployment allowance payment hit a five-month high in February, surpassing 1 trillion won (US$884 million) again.
Hong Kong’s jobless rate climbed to 7.2% in the December-to-February period, up 0.2 percentage points from the November-to-January period.
Employees, especially those with high allowances, are likely to see a major change in their salary structures if the new wage code kicks in from April 1.
Under the country’s five-year plan, the retirement age will be raised in a “phased manner”, said China’s Ministry of Human Resources and Social Security.
Malaysia’s graduate employability rate fell to 84.4% in 2020, down marginally from 86.2% year-on-year, said its Ministry of Higher Education (MoHE).
The number of employees in the industrial and service sectors at the end of January increased by 0.18% or 15,000 to 8.17 million from December 2020.
Minister of information and communications Nguyen Manh Hung has said the country plans to implement a digital government by 2025.
“Joblessness is a result of ‘jablessness’ … Mass inoculation is the cure to mass unemployment,” senate president pro tempore Ralph Recto has said.
The government is adopting a “granular” approach instead of hard lockdowns to address a stubbornly high unemployment rate.
