Once enacted, flexible work policies and practices require appropriate planning and investment to enable their benefits to be realised.
Wage adjustments are typically made once a year, but wage boards are considering another hike after its recent wage adjustment amid soaring prices.
South Korea has the smallest share of parents who go on leave for their children among developed nations, even as the country’s workforce continues to shrink.
This will not apply to employees who are already enjoying such benefits and those who are employed in organisations with fewer than 10 employees.
As HR leaders begin to define their strategies for 2023, those in the Asia-Pacific region see manager effectiveness as a top priority for 2023.
A corporate tax reduction will improve cash flow that can then be directed to employment and investments, say the lobby groups.
Employers can offer the flexibility to work part-time hours as a means to increase female workforce participation.
Interest in companies to hire workers with disabilities has risen by 30% since this August, driven largely by the service sectors.
This comes as the world is facing uncertainties, from geopolitical tensions to inflationary pressures, which affects the employment market.
If approved and implemented, new tax rules will potentially see lower tax reductions for employees working from home.
South Korea’s employment and workplace practices need to be more flexible and in line with global standards, said the Federation of Korean Industries.
It identified young employees, workers with children, and non-permanent employees as those who are most vulnerable to inflation.
For the next 12 months, employees will have the flexibility to choose which day or set of hours is most suitable for them to take off.
The government plans to utilise data and artificial intelligence (AI) to generate personalised career insights for workers.
A revised law, which comes into effect January 1 next year, forbids the sexual harassment of women and reduces barriers to career advancement.
As of end-September 2022, about 490,000 SMEs have participated in a programme that helps accelerate their digital adoption.
Such clauses have traditionally been used to stop co-workers from comparing their wage package and pushing for pay hikes.
Job training and reskilling are measures that can be taken to create more employment opportunities in 2023, says business group.
The RiseUp with ServiceNow platform aims to train one million workers, offering over 600 free courses and 18 job-related certification paths.
Although employment grew in Q3’2022, global conditions are likely to create an uncertain labour market in the coming months.
Besides facing burnout, some 20% of these employees have also expressed stress related to a lack of learning and development opportunities.
Such digital wallets will have a maximum balance of 1 million yen, and employees can use the funds to make purchases or remittances directly.
Besides schemes that help train and retain employees, firms also applied for programmes that have helped them digitalise and adopt technology.
Remote employees are able to spend more time with their families, sleep better, and experience less stress from commuting to the office.
Commuting patterns have not returned to pre-COVID levels as organisations continue to offer hybrid work.
From July 2023, parents hoping to qualify for the extended parental pay scheme will be assessed on their combined income.
In addition to helping new enterprises grow, e-commerce could raise women’s participation in the workplace, said the World Bank.
Among the reasons why senior workers wish to re-enter the workforce are self-esteem and financial pressure, according to a survey.
Despite the convenience, employees working remotely are concerned about fatigue and isolation, an IR survey finds.
Bringing the informal workforce into formal pension systems has been a question facing pension systems around the world.
