📊 In 2022 and 2023, Singapore saw a re-employment rate of about 98% for PMETs. According to the Ministry of Manpower, amongst all senior workers who were not offered re-employment in 2023, eight in 10 did not want to continue working. The rest were not offered re-employment either due to: - Lack of suitable vacancies, - Employees did not meet work performance requirements, or - Employees did not meet requirements on medical fitness. The overall re-employment rate remains consistently high. Full article: https://lnkd.in/gsxGD53j #SingaporeJobs #PMET #EmploymentTrends #singapore #sgunited #employment #seniorcitizens #ageingpopulation #recruitment #hr #humanresources #hrcommunity #workforce
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In the face of technological upheavals, Singapore is strategically enhancing its labor policies to foster a productive and equitable employment landscape. Dr. Tan See Leng, the Minister for Manpower, highlighted initiatives like expanding Career Conversion Programmes and introducing new legislations to level the playing field. This proactive approach not only aims to equip Singaporeans with future-ready skills but also ensures that all workers, including platform and migrant workers, have fair opportunities and robust protections.#SingaporeEmployment #FutureOfWork #LaborPolicy
Singapore emphasises need to create productive employment amidst technological disruptions to jobs and skills
humanresourcesonline.net
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ASEAN Employment Outlook The Quest for Decent Work in Platform Economy: Issues, Opportunities and Ways Forward Link to download: https://lnkd.in/gc2X4jsU This ASEAN Employment Outlook was coordinated by ASEAN Secretariat under the guidance of ASEAN Senior Labour Officials Meeting (SLOM), with the support of the European Union (EU) through the Enhanced Regional EU-ASEAN Dialogue Instrument (E-READI). ASEAN Employment Outlook aims to investigate emerging issues in the world of work in Southeast Asia that have not been widely covered by other studies or research. This Outlook focuses on workers in the platform economy. It offers a comprehensive analysis of the effects and challenges of the rise of labor platforms across ten ASEAN Member States (AMS), identifies good practices from AMS and the EU, and provides recommendations on how ASEAN can ensure human capital development and social protection for the workers in non-traditional work arrangements amidst the changing world of work. It is hoped to support AMS and other stakeholders for evidence-based policies and strategies to provide decent work conditions for workers in the platform economy National Career Development Centre Association (NACDA Malaysia) Indonesia Career Center Network Teddy Budiwan
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From 1 December 2024, employees in Singapore who completed probation can make requests for flexi-work. New guidelines effective December 2024 require all employers to set up a process for workers to formally request flexible work arrangements. Minister Gan Siow Huang highlighted the importance due to Singapore's tight labor market and aging workforce. Flexible arrangements enable caregivers and seniors to work if they choose. By 2030, 1 in 4 Singaporeans will be 65+. Last year, 30.6% of seniors aged 65+ were employed. Women's workforce participation rose to 76.6%, but 260,000 remain out of the workforce. Employers not complying will be advised by TAFEP, the Tripartite Alliance for Fair and Progressive Employment Practices. #humanresources #hr #workplace #FWA #flexiblework #singapore #sgjobs #latestnews #manpower #HRstrategy #talentacquisition #hiring #employment #HRcommunity #HRnews #TAFEP #ministryofmanpower
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Singapore's total employment – excluding migrant domestic workers – grew by 11,300 in Q2 2024, more than double the increase of 4,700 in Q1, particularly in the financial services, health and social services, information and communications, as well as professional services sectors. Wages and employment are expected to grow as well with the pickup in Singapore’s economy. https://lnkd.in/gkCukeUj
Singapore’s employment growth up in Q2, despite seasonal dip in resident employment
businesstimes.com.sg
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The latest Ministry of Manpower Labour Market report for the fourth quarter of 2023 highlights crucial insights into Singapore's labour market dynamics. A key takeaway for HR professionals is the increasing emphasis on business restructuring and the critical need to upskill older workers to enhance their employability. In a challenging and tight labour market, businesses are under pressure to enhance productivity. This often involves restructuring to streamline operations and optimise resources through Job Redesign (JR). As the appointed Job Redesign Centre of Excellence (JRCoE), Institute for Human Resource Professionals (IHRP) strives to empower employers and HR with resources and tools to drive enterprise transformation. Find out more at https://lnkd.in/gbQeZXp4 This underscores the importance of investing in skills to align with evolving job demands. Businesses that prioritise upskilling create a more resilient and adaptable workforce, better equipped to navigate market challenges. By promoting continuous learning and development, employers and HR can capitalise on the wealth of knowledge that upskills workers bring, while driving productivity and competitiveness of the business. ➡️ Read more at: https://lnkd.in/gYVBhqxw #IHRP #MinistryOfManpower #LabourMarket #HR #HumanCapital
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Leading Consultant on SkillsFuture & CET | Expert in SSG OR, WSQ CA, Non-WSQ CF and TPQA | 25+ Years in L&D
This article talks about the pressing concerns of Singaporean workers regarding job security, particularly focusing on professionals, managers, executives, and technicians (PMETs), young seniors, and platform workers. It discusses the challenges faced by different segments of the workforce, including retrenchments, employment stability, rising living costs, and the need for retraining and support. However, it also highlights some shortcomings in the government's initiatives, such as unclear benefits for PMETs from proposed plans and insufficient/lack of support for income coverage during training periods. Moreover, there's a notable concern among platform workers regarding the impact of mandatory contributions to CPF and insurance on their earnings. While the article sheds light on critical issues, it fails to delve deeper into structural problems contributing to these challenges, such as systemic inequalities, skill mismatches, and the gig economy's precarious nature. Furthermore, it lacks a comprehensive analysis of potential long-term solutions beyond short-term subsidies and training programs. It's time to tackle structural issues, not just try to patch up problems. What do you think? 🔥 #JobSecurity #Budget2024 #SingaporeWorkers #RealSolutions #SingaporeEconomy #Inequality #GigEconomy
Budget 2024: Workers worry about job security
straitstimes.com
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Roboticist AI, Machine Intelligence enabling New Product Development into Manufacturing & Supply-Chain Operations
From this post by Ives Tay, my thoughts associated to deep crisis, Singapore does too many courses for training that mostly don't directly lead to real-world jobs availability. I have personally witnessed, many courses are just money making "machines", nobody cares if any of these Graduates will ever get a job of relevancy. Almost all, just want another paper-based credential to "standout" for a chance as job interview. Industry 5.0 as Machine Intelligence of Human-Robot Collaborative Interaction, I have been advocating and articulating this narrative FutureReady. Unfortunately, local Academia not keen, since this an Industrialist perspective of Industrialized Revolution, not Foundation Research for Paper Citations. I am William Lee, Singapore please support my Leadership to advance Singaporeans SkillsFuture towards, where Human-Robot Collaborative, assisting and augmenting our daily work activities with Machine Intelligence. As Pinnacle of my OneCareer, playing Singapore's Change Agent beyond Digitalization, it is time for me do this National Service as Roboticist 🦾
Leading Consultant on SkillsFuture & CET | Expert in SSG OR, WSQ CA, Non-WSQ CF and TPQA | 25+ Years in L&D
This article talks about the pressing concerns of Singaporean workers regarding job security, particularly focusing on professionals, managers, executives, and technicians (PMETs), young seniors, and platform workers. It discusses the challenges faced by different segments of the workforce, including retrenchments, employment stability, rising living costs, and the need for retraining and support. However, it also highlights some shortcomings in the government's initiatives, such as unclear benefits for PMETs from proposed plans and insufficient/lack of support for income coverage during training periods. Moreover, there's a notable concern among platform workers regarding the impact of mandatory contributions to CPF and insurance on their earnings. While the article sheds light on critical issues, it fails to delve deeper into structural problems contributing to these challenges, such as systemic inequalities, skill mismatches, and the gig economy's precarious nature. Furthermore, it lacks a comprehensive analysis of potential long-term solutions beyond short-term subsidies and training programs. It's time to tackle structural issues, not just try to patch up problems. What do you think? 🔥 #JobSecurity #Budget2024 #SingaporeWorkers #RealSolutions #SingaporeEconomy #Inequality #GigEconomy
Budget 2024: Workers worry about job security
straitstimes.com
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Do you know that Singapore will be raising its salary criteria for the labour force? The Singapore Government has announced increasing the Employment Pass in updating the government's workforce policies. The Ministry of Manpower believes that such an update will "maintain a high quality and complementary workforce" and "create better jobs for locals". Drop a message in our inbox to know more! #WilliamSELECT #WeAreWilliamSELECT #hiring #wearehiring #recruiter #recruitment #recruitmentagency #career #jobsearch #executivesearch #connecttalent #talentacquisition #payrollservices #staffing #contractstaffing #hongkong #japan #singapore #salary #salarycriteria #employementpass #workforce #opportunities
Singapore to increase Employment Pass qualifying salary
hcamag.com
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This is so impressive. Singapore's government is financially supporting workers who may be impacted by layoffs due to technological change. It even includes a carve out for those 40 and above who reskilling, to include "education subsidies and training allowances for those who enroll in selected full-time courses." #ailiteracy #upskilling #learninganddevelopment
Welcome news: Singapore's financial support scheme for retrenched workers
hcamag.com
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🚨 Key Update from Singapore’s Ministry of Manpower (MOM) On 2 August 2024, MOM released the latest Employment Pass (EP) C1 Salary benchmarks as part of COMPASS, impacting new EP applications from 1 January 2025 and renewals from 1 July 2025. This update builds on the earlier minimum qualifying salary announcement from 4 March 2024, also effective from 1 January 2025. If your organization hires foreign professionals in Singapore, it’s crucial to stay informed and ensure compliance with these upcoming changes. Learn more: https://lnkd.in/g7UDwztD Connect with us for more insights and guidance on navigating these updates! #Singapore #EmploymentPass #GlobalMobility #COMPASS
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