Citi Singapore employees to receive $1,200 one-off compensation
More than Citi Singapore’s 1,600 employees will each receive a special compensation award of S$1,200 which will cost the company S$2 million.
Audit profession must rid ‘overworked, underpaid’ image to attract best talent
Many accounting graduates are deterred from joining the audit profession because of the perception that auditors are lowly-paid and made to work long hours.
WPP freezes hiring, board to take 20% pay cut
The world’s largest advertising company will be freezing new hires as well as cutting the pay of executive committee and board members.
COVID-19: What measures are employers taking?
EXCLUSIVE: HRM Asia finds out what are some of the measures and technologies companies have implemented during the COVID-19 outbreak.
Singtel directors to take 10% fee cut “in show of solidarity”
The latest measure comes after announcing a wage freeze across the company, except for operational and support staff, earlier this month.
Malaysia announces RM250 billion stimulus package
The stimulus package will help cushion the impact of the COVID-19 outbreak for workers, businesses and the health industry.
Facebook to hand out $1000 bonuses to employees
The social media giant will also be investing $100 million to help 30,000 small businesses during the COVID-19 outbreak.
Gojek donates 25% of senior management pay to drivers
The Indonesian hide hailing firm will also cut all budgeted salary increases for the year with the consent of its full-time employees.
Singapore employers required to report salary cuts
Employers are now required to notify the Ministry of Manpower of any cost-saving measures that affect employees’ salaries from March 12.
Citibank Singapore extends paternity leave to 4 weeks
The bank will double the government-mandated two-week paternity leave while maternity leave will remain unchanged at 16 weeks.
2020 Payroll and HR Trends in Asia
What areas should your organisation look out for this year in terms of Payroll and HR Trends in Asia?
More than half of women in Singapore feel underpaid
One in two female office workers in Singapore feel they are underpaid. And one of the reasons for that could be their negotiation skills.
Josh Bersin: Performance and rewards in the future of work
While employee performance is usually at the fore of employers’ mind, compensation should go hand-in-hand in their people strategies.
Malaysia slashes minimum EPF employee contribution rate to 7%
The Malaysian government has reduced the minimum employee contribution rate for the Employees’ Provident Fund (EPF) from 11% to 7%.
Temasek freezes wages with voluntary pay cut for senior management
Singapore state investment firm Temasek is freezing salaries of employees while asking its senior management to take a voluntary pay cut.
Employers in Asia expecting modest salary increase
Amidst the economic slowdown and uncertainties, employers in Asia are planning modest salary increases for their employees.
Singapore firms offer financial support for staff amidst COVID-19
Singapore companies are stepping up to offer coverage and financial support for their employees amidst the COVID-19 outbreak.
Half of employees in Malaysia looking to jump ship
Economic and job market uncertainties have not deterred Malaysian workers from looking for new jobs, according to the latest Hays Asia Salary Guide report.
Shaping HR effectiveness through shared workflows
Through better data management, integrity improves, along with standardization, transparency and process design, leading to harmonious, productive co-habitation.
Pay attention to wage and benefit trends
HR will need to get even more creative this year when recruiting workers in high-demand occupations.
Cathay Pacific employees asked to take 3 weeks unpaid leave
The Hong Kong carrier has asked its 27,000 employees to take three weeks of unpaid leave as demand has been hit by the Wuhan virus outbreak.
Four-day work week “damaging” for jobs
While the idea of a four-day work week is catching up among businesses, Australian Industry Group Chief Innes Willoxa believes it can be damaging for jobs.
Thousands of Indonesian workers protest against changes to labour laws
Several thousands of workers in Indonesia held a rally to protest against the proposed changes to the labour law, which is seen as a barrier for foreign investment.
Citibank matches pay of women to those of men in same roles
Citibank is bridging its gender pay gap by adjusting the salary of its female staff to match those of their male peers who hold similar positions.
Two Cents: Mind the Gender Pay Gap
Women are still earning less than men in today’s workforce. But why is that so in the diverse and inclusive society we claim we are?
Huge pay gap between CEOs and staff revealed
New reporting rules in the UK reveal ratio of executives’ pay is more than 100 times greater than their average workers.
The ups and downs of performance-related pay
Being remunerated based on your company’s profits comes with big rewards, and also big risks as Apple boss Tim Cook has just discovered.
Employer’s guide to dismissal laws in South East Asia
Employee dismissals can be a tricky and risky thing. It’s important for employers to know what are the dismissal laws in the country they operate in.
Singapore employers urged to give “sustainable and fair” bonuses
With civil servants getting the lowest year-end bonus in a decade, employers are urged to give bonuses based on their companies’ performances.
Top employee benefits to look out for in 2020
With the rising Millennial and Gen Z workforce, employers are coming up with game changing employee benefits to cater to their lifestyles.