As employers consider wage hikes, they should also develop employees' skills and redeploy them, said Singapore’s Senior Minister of State for Manpower.
Taking place from 10-11 May 2023, HR Tech Festival Asia 2023 will discuss the most pertinent workplace issues facing organisations in Asia.
Inflation in the Philippines reached an all-time high of 7.7% in October, which has impacted the purchasing power of workers’ wages.
The discourse comes as a special committee continues to study recommendations and ways to strengthen protections for gig workers in Singapore.
Green workplaces are becoming an important aspect of work life for both employers and their employees, as they continue to support enterprise greening.
Multi-employer bargaining, as outlined in a new bill, allows employees from different workplaces to collectively negotiate pay rises.
These include addressing wage inequality and providing more childcare support, as well as upskilling and reskilling opportunities.
More SMEs in India are implementing ESG practices, but they face challenges such as uncertainty over how to measure the success of ESG projects.
While work hours have declined over the past decade, employees in the country are still among those in the world who record the most hours at work.
Wage guidelines for lower-wage workers have been set between 5.5% and 7.5% with the goal of narrowing the pay gap.
The inflation-adjusted remuneration of employees in Taiwan fell in September, despite an increase in salaries over the same period of the previous year.
Besides raising the minimum wage in July, pensions and social insurance benefits for retirees will also increase by 12.5% in January 2023.
The ageing population, coupled with the recovery of the economy, has caused more than half of 11,000 firms in Japan to experience a labour crunch.
As the country embarks on its economic recovery, the Flexi-Wage programme has helped address skills gaps and meet workforce shortages.
Adapting business models to a digitally transformed society is imperative for organisations, especially in the employment and labour sectors.
Employees in Singapore prioritise stability and job security over salary, while good leadership is key to retain talent and maintaining employee wellbeing.
Malaysia is also predicted to post a higher than average median salary increment across Asia-Pacific in 2023.
Having previously advocated permanent remote work, Twitter is now requiring employees to work a minimum of 40 hours per week in the office.
While compensation is still important for employees, work flexibility and career development opportunities are increasingly being prioritised.
Once enacted, flexible work policies and practices require appropriate planning and investment to enable their benefits to be realised.
One of the key objectives of the centre is to help manage and address the mental health issues employees in the country are facing.
Wage adjustments are typically made once a year, but wage boards are considering another hike after its recent wage adjustment amid soaring prices.
The Japan Business Federation (Keidanren) is looking to end the negative image of mid-career hires by rephrasing commonly used employment terms.
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.
Employees believe that a hybrid work model helps improves their productivity and gives them much-needed work-life balance.
This will not apply to employees who are already enjoying such benefits and those who are employed in organisations with fewer than 10 employees.
About 44% of employers see an increased need to retain older employees in the workforce and expect this to be a key trend over the next five years.
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.
Compared to their younger counterparts, employees aged 50 and above are more likely to put in extra effort at work beyond regular hours.
A corporate tax reduction will improve cash flow that can then be directed to employment and investments, say the lobby groups.