Rising benefit costs now top concern for Asia businesses
A new study by professional services firm Aon showed that 55% of employers in the wider Asia-Pacific region are concerned with the rising cost of employee benefits. This is followed by 54% identifying the unavailability of benefit packages that offer diversity, options, and flexibility to attract and retain talent. The Aon 2022 Asia Pacific Employee […]
Inflation causing retention headaches for Singapore businesses
A new survey by recruitment firm Robert Walters has found that over 78% of employees in Singapore would consider changing jobs if their pay was not rising as quickly as the inflation rate. The survey asked over 300 candidates and 105 companies in Singapore regarding their main expectations about salaries, career changes and staff retention […]
Workers in the Philippines to see 5.5% salary hikes in 2023
The Philippines will see an average 5.5% increase in salaries in 2023, up from a 3% rise this year. This marks a return of stability after years of below-average increases due to the pandemic, a new survey found. Asset management company Mercer’s Total Remuneration Survey 2022 polled over 100 companies across 22 countries and territories […]
Singapore wage council recommends increment for low income earners
New guidelines from the National Wages Council (NWC) recommend giving low-wage workers earning up to SGD 2,200 monthly a salary increment of between 5.5% and 7.5%. “NWC recommends employers provide a built-in wage increase of 5.5% to 7.5% of gross wages, or at least SGD 80 to SGD 100, whichever is higher, to all employees […]
Thai employers optimistic about 2023 salary increments
Employees in Thailand can expect a median of 4.5% salary increments for 2023, a new research by asset management firm Mercer found. This is similar to the actual increase given out in 2022, following better economic conditions and highlighting a return to pre-pandemic levels. The Total Remuneration Survey 2022 by Mercer polled over 600 organisations […]
Salary, benefits top priority for Thai students
Competitive base salaries and benefit packages for Thai students entering the workforce, a survey by branding agency Universum found. With over 12,000 participating students from 23 universities in the country, the survey tracks the career aspiration and preparation of Thailand’s future talent pool. Apart from salary and benefits, the survey also revealed that students […]
NUS offers bond-free master’s sponsorship for employees
SINGAPORE: The National University of Singapore (NUS) has introduced a new master’s degree sponsorship scheme for staff which will allow them to pursue postgraduate studies at the university as means of upskilling and upgrading. Under the NUS Master’s Sponsorship scheme, executive and administrative staff who have been employed with the university for at least three […]
McDonald’s Philippines’ chairman talks “employee-first”
Many Filipinos have uttered the famous catchphrase: “I’m lovin’ it”! They should also give thanks to Dr George T. Yang, founder/Chairman and master franchise holder of fast-food giant McDonald’s in the Philippines, for bringing the American chain into the country, way back in 1981. From 10 branches that have since ballooned to 670, and now […]
Compensation, Benefits, and Employee Health
