Asia-Pacific labour markets yet to fully recover, report finds
The Asia-Pacific labour markets have shown signs of recovery from the effects of Covid-19, but full movement back towards pre-pandemic levels of employment remains elusive, according to a report published by the International Labour Organisation. The Asia-Pacific Employment and Social Outlook 2022 report revealed that job growth has taken place in the Asia-Pacific region, but […]
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 […]
Malaysia’s unemployment rate drops to 3.7% in the third quarter
Malaysia’s labour market is slowly recovering, with the unemployment rate in the country dropping to 3.7% in the third quarter of 2022 (Q3 2022) compared to 4.7% in the same quarter in 2021. In a statement, the Department of Statistics said the decrease in unemployment rates is a positive indication that the situation in the […]
Singapore workers losing flexi-work options amid global headwinds
Eight in 10 business leaders in the country believe uncertain economic conditions will threaten flexible-work options for workers, the latest LinkedIn Global Talent Trends found. The report reveals data insights from both the social media platform’s Economic Graph and community members to understand better labour market trends and how they affect candidates, employees and workplaces. […]
Singapore labour market improves in 2022
Despite challenging economic conditions and manpower shortages, Singapore’s labour market has improved on all fronts in 2022, according to the 2023 Singapore Salary Guide by HR solutions company PERSOLKELLY. Conducted in July 2022, the report focused on Singapore’s labour outlook, commentaries and industries. Salary figures included in the report are also derived from combining expert […]
Green industries generate ‘pandemic-proof’ jobs
Solar power farms, and content creators will drive employment in the next few years, making it extremely vital to address job skill mismatch among graduates, the Philippine Business for Education (PBEd) said. At the PBEd Skills Partnership Summit, PBEd Executive Director Lovelaine Basillote said that the country needs to look more into pandemic, and climate […]
Vietnam named fastest growing digital economy in SEA
A latest report by Bain and Temasek found that Vietnam is now the fastest-growing digital economy in Southeast Asia, with a Gross Merchandise Volume (GMV) growth of 28% year-on-year (YoY). According to the report, Vietnam will hit US$200 billion GMV by 2022. This latest figure comes three years earlier than previously predicted in 2016. The […]
Singapore ranks second for best talent in survey
The garden state was recently named the second-best country when it comes to talent, the latest Global Talent Competitiveness Index 2022 found. Singapore comes behind Switzerland but ahead of 131 countries, and is the only Asian state to make the top 20 list dominated by European countries. Published by business school Insead and Portulans Institute, […]
STEM-focused education to address skill gap
A Science, Technology, Engineering, and Mathematics (STEM) focus in education is expected to help bridge the skills gap for professionals, according to local STEM advocates in the Philippines. “Educators and employers need to focus on the connection of STEM education to careers that focus on solving real-world problems with technical skills,” Kelli List-Wells, founder of […]
