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Singapore HR News and Update for November 2022 _ MOM Singapore

Singapore Extends Injury Compensation and Pension Benefits to Platform Workers<br>MOM has recently announced enhanced standards and stronger financial protection for food delivery and private hire drivers for companies such as Grab, Gojek and Deliveroo.<br>According to MOM, workers will receive extended work injury insurance and pension coverage. The new rules will take effect in late 2024.<br>Read On<br>MOM Sees u2018Upticku2019 in Retrenchments from July to November<br>MOM has reported a large increase in retrenchments for resident workers of tech companies between July and mid-November. Based on the recent report

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Singapore HR News and Update for November 2022 _ MOM Singapore

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  1. Singapore HR News and Update for November2022 SingaporeExtendsInjuryCompensationandPensionBenefitstoPlatform Workers MOMhasrecentlyannouncedenhancedstandardsandstrongerfinancial protection for food delivery and private hire drivers for companies such as Grab, Gojekand Deliveroo. AccordingtoMOM,workerswillreceiveextendedworkinjuryinsuranceandpension coverage.Thenewruleswill take effect inlate2024. Read On MOMSees‘Uptick’inRetrenchmentsfromJulytoNovember

  2. MOMhasreportedalargeincreaseinretrenchmentsforresidentworkersoftechMOMhasreportedalargeincreaseinretrenchmentsforresidentworkersoftech companiesbetweenJuly and mid-November. Based on the recent report, 8 in 10 ofthe affected workers were in non-tech roles. Half of the firms that retrenched workers have provided career transition services foraffected workers.TheTaskforceforResponsibleRetrenchmentand EmploymentFacilitation(RTF)offered employmentsupporttoaffected employees. Read On HRLeadersRevealStand-OutPrioritiesfor2023 Gartner'srecentsurveyof more than 80 HR leaders across APAC revealed the top key initiatives considered for 2023, giving employers clear navigation on how theycan be successful in the comingyear. These initiatives include leader and manager effectiveness, organisation design and change management, employee experience, HR technology and strategy and management, and recruiting. According to the report, these priorities are mostly in linewith the ones globally, except for a few notable differences. Read On EmployersinSingaporeCalledontoHikeWagesin‘FairandSustainable’Way AmidInflation Singapore’s National Wages Council (NWC) has called on employers to raise wagesforworkersamidinflation. However, it recognised that businesses are facing increasing costs and uncertain business prospects, so any wage increases shouldbe “fair and sustainable”. Thetripartitebody,comprisingrepresentativesfromemployers,tradeunionsand thegovernment,setoutwageguidelinesforlower-wageworkerstonarrowthe

  3. paygap.Tofundwagehikesforlower-wageworkers,firmscantapintothepaygap.Tofundwagehikesforlower-wageworkers,firmscantapintothe ProgressiveWageCreditScheme,whichwasfirstintroducedinBudget 2022. Read On SixMostIn-DemandProfessionsinSingaporefor2023 In the latest Robert Walters Salary Survey in Singapore, results have shown the mostin-demandprofessionsin2023,undertheareasoftechnologyand transformation,bankingandfinancialservices,commercefinance,human resources,sales and marketing, and more. Thesurveyalsohighlightedthemainexpectationsorconcernsfortheyearto comeintermsofsalaries,careerchangesandstaff retention. Read On UsefulReadings HR'sGuidetoForeignWorkerLevy PayrollsoftwareSingapore WorkInjuryCompensationAct:TheHR’sGuide HRSolutions:Myths VsReality The HR’sGuidetoChildcareLeaveinSingapore 10MostAskedQuestionsAboutHumanResourceManagementSystem Top9ReasonsWhyCompaniesInvestinanAttendanceManagementSystem SingaporePublic Holidays 2022 Sourcewebsite:https://quickhr.co/

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