Stiffer competition has prompted Maybank Kim Eng to lay off 5% of their workforce in Singapore as part of their latest restructuring exercise.
With the increasing cost of hiring new talents, Singapore companies plan to give more incentives in a bid to keep their employees.
This is the second year in a row that the company has won the award, which recognises leading employers in more than 115 countries around the world.
Employee retention is set to be the main challenge for employers in the new year. Here are some tips on how you can retain your best talents.
It is set to be a challenging year for employee retention in 2020 as about a quarter of Singaporean employees are looking to change jobs.
Sleeping at work tends to be frowned upon. But studies have shown there are many benefits in allowing employees to take short naps at work.
Asian workforces are set to see the world’s biggest salary rises once again in 2020, according to an annual forecasting report by ECA International.
Tough times have driven Hong Kong cosmetics retailer Sasa out of the Singapore market, with 22 stores set to close.