The law is amended to include a component for the formula used to determine minimum wages that take purchasing power into consideration.
A lack of wage growth is Japan’s biggest challenge, notes Deputy Chief Cabinet Secretary Seiji Kihara, and the government is committed to addressing it.
In addition to raising the minimum wage floor, premiums for Labour Insurance and National Health Insurance have also been revised.
The Department of Labour and Employment (DOLE) distributed cash and employment assistance totalling PHP8.6 billion to displaced workers.
The Malaysian government has postponed implementing the RM1,500 (US$339) minimum wage order to 1 July 2023 after consulting stakeholders.
As hybrid work continues, firms are encouraged to prioritise the wellbeing of their employees to retain and support their journey towards fulfilling careers.
The Philippines has different pay policies for special working days, regular holidays, and special non-working days for December 24, 25 and 26.
Several labour agencies in the Philippines have been undertaking separate studies to determine if a wage increase should be granted.
Fathers who took parental leave account for 24.1%, up 1.5 percentage points from the previous year, reflecting changes in social norms.
The Malaysia Trades Union Congress (MTUC) opposes retailers' request to delay the implementation of changes to Employment Act.
A survey in Taiwan cited a weaker economic growth and employment outlook next year as the reasons for the downbeat sentiment.
Failure to do so by December 24 may result in legal consequences, warned the Philippines’ Department of Labour and Employment (DOLE).
To benefit from this move, employees must already be working remote for a few days a week and must stay in their country of employment.
Researchers examined gender-pay inequality in 15 countries and found that women still earn less than men in similar occupations.
Employees remain open to the development of their profession, expansion of their careers, and pursuit of new opportunities, according to research from G-P.
Bonus payouts will be higher in Indonesia this year, and salary increases will follow in 2023, a Mercer report has predicted.
Employers are also encouraged to roll out policies to encourage workers to return to work after the celebration of Tet, the Vietnamese New Year.
Unlike their more experienced counterparts, younger employees will choose more income over having more free time.
The factors that weigh on unfair compensation include discrimination, bias in hiring, and having more men in senior management roles.
Employees will only be tempted to leave for another employer in 2023 if they receive a substantial salary increase as the cost of living continues to raise.
Inflation and the need to address and retention issues are the main reasons why many organisations are preparing to raise employees’ salaries.
Josh Bersin explains why organisations need to start re-evaluating pay equity, transparency and pay practices.
Since August 2022, the Workday HCM has been deployed across 14 markets, with plans to introduce it in five ASEAN markets in 2023.
Albert Liew, Managing Director, Singapore & Indochina, BIPO, details the key benefits payroll outsourcing can bring to organisations.
Introducing hybrid work policies and increasing investment in the upskilling of employees are some of the key strategies to retain talent in the new year.
Among the career trends that are expected to gain traction next year are flexible work arrangements, and four-day work weeks.
The average starting salary of a university graduate is now almost twice that of an ITE graduate, and this gap persists over their lifetimes.
Health, meaningful employment, a decent income, and an adequate level of wealth are factors to enable individuals to participate and contribute to society.
With people key for organisational success, attracting and retaining the best talent is on the agenda of every HR and business leader heading into 2023.
Attracting, managing, and retaining talent was a key discussion point at HRM Asia’s CHRO Series Singapore 2022, which took place on December 1.
