DBS, Olam International and Marriott Vacations Club share top honours as Kincentric Best Employers in Indonesia for 2021
Jakarta, Indonesia, Feb 10, 2022 - (ACN Newswire via SEAPRWire.com) - DBS, Olam International and Marriott Vacations Club Worldwide have emerged as Indonesia's Best Employers in 2021, according to Kincentric's premium assessment that identifies organisations who demonstrated outstanding people practices and workplace excellence.DBS has earned the honours for the third consecutive year, Marriott Vacations Club for the second time in the last three years, while Olam International is a first-time winner. These companies are leading the way by creating engaging environments fostering organisational agility while building engaging leaders.Companies were evaluated against four research-based elements that are key to accelerating success: Employee Engagement, Organisational Agility, Talent Focus and Engaging Leadership. Kincentric Best Employers in Indonesia were found to be excelling in those areas. Success Factors According to Kincentric's insights, Top Quartile companies are 20% points stronger on Agility scores, and 14% points more committed on Engaging Leadership as compared to their peers. This clearly demonstrates the importance of keeping people at the centre of all business decis...
Hong Kong 2021 Kincentric Best Employers DBS, Hilti Demonstrate Exceptionally High Levels of Agile Leadership and Employee Engagement
HONG KONG, Dec 17, 2021 - (ACN Newswire via SEAPRWire.com) - Demonstrating organizational agility, leadership transformation and a high level of employee engagement, DBS and Hilti have been named as 2021 Best Employers in Hong Kong, according to Kincentric's premium assessment that identifies organisations who demonstrate outstanding people practices and workplace excellence. Employee Engagement, Organisational Agility, Engaging Leadership and Talent Focus were the key attributes assessed. Kincentric identifies Best Employers that are in the Top Quartile and research shows that excelling across these four areas leads to better business results. According to Kincentric's insights, the Hong Kong's Best Employers are 24%* stronger on Employee Engagement, 26%* better on Organisational Agility, 19%* committed on Engaging Leadership and 27%* focussed on Talent. This clearly demonstrates a high level of decisive and agile people centric business decisions that these organisations have had to take through the pandemic. Stephen Hickey, Regional Leader for APAC at Kincentric said, "We are in the midst of a talent evolution that's shaping the future of work. Kincentric's Hong Kong Best Employ...
Employers to get Wage Credit Scheme payouts in March next year
SINGAPORE - Employers can look forward to the next tranche of Wage Credit Scheme (WCS) payouts in March next year. To qualify, they will have to pay the mandatory Central Provident Fund (CPF) contributions on this year's wages for their qualifying employees to the CPF Board by Jan 14, said the Ministry of Finance and the Inland Revenue Authority of Singapore on Friday (Dec 17). The move is part of the Government's efforts to support businesses in transformation and share productivity gains with workers. More than $2 billion in wage credits have been disbursed to employers during the pandemic so far, said the authorities. This includes the $940 million in WCS payouts to more than 98,000 employers in March this year. To qualify for the upcoming tranche, employers must have given Singapore citizen employees, who earned a gross monthly wage of up to $5,000, a wage increase of at least $50 this year, and/or have sustained the salary rise (at least $50) previously given to employees in 2019 and/or last year. The payouts in March will be credited directly to employers' registered bank accounts through PayNow Corporate or Giro. Employers who have not set up a PayNow Corporate account or re...
Organisational Agility, Leadership Transformation, Employee Engagement help DBS, Olam International to be Kincentric Regional Best Employers 2021 in APAC
Singapore, Dec 14, 2021 – (ACN Newswire) – DBS and Olam International Limited have been named as Regional Best Employers in 2021 for the Asia Pacific region, according to Kincentric’s premium assessment that identifies organisations who demonstrate outstanding people practices and workplace excellence. DHL Express (Middle East), The Wawanesa Mutual Insurance Company and Intact Financial Corporation (North America) and Marriott Vacations Worldwide (Europe) are among the other regional Kincentric Best Employers, after getting recognized in multiple markets. Among the Regional Best Employers in APAC, DBS has been recognised as a Best Employer across China, Hong Kong, Indonesia, Singapore, South Korea, Taiwan, Thailand, UK and USA. Olam International Limited has been identified as a Best Employer across Vietnam, Indonesia, Thailand and China. Kincentric Best Employers assessment looks at organisational excellence across critical people factors – employee engagement, organisational agility, engaging leadership and talent focus – leveraging the most objective measure possible – employee opinion. It identifies firms that demonstrate excellence in the workplace, by creating differentiated ...
DBS, Woh Hup named Kincentric Best Employers in Singapore for 2021
Singapore, Dec 10, 2021 - (ACN Newswire via SEAPRWire.com) - DBS and Woh Hup (Private) Limited have emerged as Singapore's Best Employers in 2021, according to Kincentric's premium assessment that identifies organisations who demonstrate outstanding people practices and workplace excellence.While DBS has been named Kincentric Best Employer for the sixth time in Singapore and across Asia Pacific, home-grown construction firm, Woh Hup (Private) Limited has been recognised for the first time. These two companies are particularly leading the way by creating engaging environments fostering organisational agility and building engaging leaders.Companies were evaluated against four research-based elements that are key to accelerating success: Employee Engagement, Organisational Agility, Talent Focus and Engaging Leadership. Kincentric identifies Best Employers that are in the Top Quartile and research shows that excelling across these four areas leads to better business results. Across each of the four parameters, the difference between the Top Quartile and their peers was at least 10 percentage points or more.Engaging Leadership, Agility & Talent Focus Trump Engaging Leadership, Organ...
Dispute management office helps recover $13m in claims for owed salaries, wrongful dismissal
SINGAPORE - Employees who made claims for owed salaries or wrongful dismissal between April last year and March this year managed to recover $13 million in total from their employers. About 93 per cent of the 4,556 employees who made claims fully recovered their salaries or received compensation from their employers. Their cases were resolved at the Tripartite Alliance for Dispute Management (TADM) and the Employment Claims Tribunals. This was revealed by the Tripartite Alliance Limited (TAL) on Monday (Oct 18) in its annual report for the year ended March 31. Workers who want to make a wrongful dismissal claim must first undergo mediation with their employers at TADM. If this is unsuccessful, they will be referred to the Employment Claims Tribunals. In the previous financial year, TADM recovered around $16 million in salaries owed to employees in Singapore, with about 91 per cent of employees who filed claims fully recovering their salaries. The TAL was set up by the Ministry of Manpower (MOM), National Trades Union Congress and Singapore National Employers Federation in 2016. It oversees TADM, the Tripartite Alliance for Fair and Progressive Employment Practices (Tafep), and the ...
More than 1 in 3 employers expect to hire more in Q4 but 37% plan to cut hiring: Survey
SINGAPORE - More than one in three employers - 35 per cent - surveyed in July expect to hire more in the October to December period - mostly those in the finance, insurance and real estate industries, as well as manufacturing. However, 37 per cent of the 519 surveyed expect to scale down hiring activity, while another 26 per cent do not anticipate any changes in hiring. The weakest hiring outlook was reported by employers in the services sector, at minus 29 per cent. This was followed by the wholesale and retail (minus 20 per cent), and the mining and construction sectors (minus 19 per cent). The survey results were released by recruitment agency ManpowerGroup on Tuesday (Sept 14). Overall, the net employment outlook for the coming quarter is at 1 per cent, a far cry from the 15 per cent from July to September this year. Net employment outlook refers to the percentage of employers expecting to hire and, subtracting from this, the percentage expecting to see a decrease in employment. The recent edition of the survey was conducted in late July, when Singapore returned to the phase two (heightened alert) stage after a brief phase three (heightened alert). Ms Linda Teo, ManpowerGroup S...
Kitakerja.my Seeks Malaysians to Join Job Matching Initiative Assisting B40 Group
PETALING JAYA, MALAYSIA, Aug 24, 2021 - (ACN Newswire via SEAPRWire.com) - Kitakerja.my, a social initiative focusing on matching Malaysian jobseekers in the Bottom-40 ("B40") income bracket to domestic employers, is calling for more Malaysians to join hands in building an ecosystem of jobseekers and employers while at the same time assisting in the economic recovery one job at a time.From left: Co-founder Mohd Nizam Abdul Rahim, and Co-founder Choong En Han.Kitakerja.my is the brainchild of two young Malaysians pooling their resources together to help fellow Malaysians in the B40 bracket who lost their jobs.Kitakerja.my co-founder Choong En Han said, "Over the past 18 months, our whole nation has been focused on two numbers, COVID-19 new cases and death rates, but there is another number that has slipped into our lives without many people realizing it, and that is the nation's unemployment rate."There are more than 770,000 unemployed Malaysians now in the country according to the Department of Statistics June 2021 report. It was also reported that about 100,000 Malaysians lost their jobs in 2020 due to the pandemic, according to former Human Resources Minister Datuk Seri M. Sarava...
UK employers have strongest hiring plans in over 8 years: Survey
LONDON (REUTERS) - British employers plan to increase staff numbers by the most in more than eight years over the coming months and few intend to make staff redundant when government furlough support ends next month, a survey showed on Monday. The quarterly survey by Britain's Chartered Institute of Personnel and Development (CIPD) added to signs of labour market shortages as the economy emerges from the coronavirus pandemic, though it offered less evidence of wage or inflation pressures. The CIPD said the net employment intentions balance - the difference in percentage points between employers who are hiring and those cutting staff - rose to +32 from +27 three months earlier, its highest since the survey began in early 2013. CIPD labour market economist Jonathan Boys said: "Employers are very optimistic, indicating strong recruitment intentions, and redundancy expectations appear much lower than originally predicted during the pandemic." Only 13 per cent of employers plan to make staff redundant, down from 33 per cent a year ago when there were much greater fears that a premature end to government furlough support would create a spike in unemployment. Earlier this month, the Bank ...
$2.2b in JSS payouts to support wages of more than 2m workers from June 30
SINGAPORE - More than 140,000 employers will receive Jobs Support Scheme (JSS) payouts totalling more than $2.2 billion from June 30. This will support the wages of more than two million local employees, said the Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) in a statement released on Tuesday (June 22). With this payout, more than $26.7 billion in JSS support would have been disbursed since the introduction of the scheme at the Unity Budget in February 2020. Employers who have made mandatory Central Provident Fund (CPF) contributions for their local employees for the months of January to March 2021 by the stipulated deadlines will qualify to receive the payout, said the MOF and Iras. For the payout in June, employers in the aviation, aerospace and tourism sectors will receive 50 per cent support for the first $4,600 of gross monthly wages paid in January, February and March 2021. Those in food services, retail, arts and entertainment, land transport, built environment, and marine and offshore sectors will receive 30 per cent support for wages paid during the same period. Employers in all other sectors — excluding biomedical sciences, precision engineeri...
Covid-19 impact on jobs would have been worse if not for strong partnership with employers, unions: Josephine Teo
SINGAPORE - The impact of the Covid-19 pandemic on jobs would have been worse if not for the strong three-way partnership between the government, unions and employers, said Manpower Minister Josephine Teo in her May Day Message on Tuesday (April 27). The tripartite partnership allowed the swift implementation of measures to cut costs and save jobs, she added. In particular, the National Trades Union Congress (NTUC) exemplified the value of "constructive unionism" as it had in past crises, calling on employers and workers to rally together to sustain businesses and save jobs, said Mrs Teo. "Where employers have exhausted ways of cutting business costs in other areas, the unions worked with employers on necessary measures to manage excess manpower, including wage cuts necessary to avoid retrenchments," she noted. "Employers too helped to preserve jobs and maintain a strong Singaporean core even if they had to restructure." Mrs Teo said NTUC also launched the NTUC Care Fund (Covid-19) to provide a one-off $300 financial assistance to distressed union members. For self-employed persons, NTUC launched a training fund to provide them with an allowance while they underwent skills courses....
27,000 employers hired 2 locals each on average in first 3 months of Jobs Growth Incentive scheme
SINGAPORE - Some 27,000 employers hired an average of two locals each between September and November last year, with support from the Jobs Growth Incentive (JGI). This is higher than the median of one local hire by the same employers in the same period in 2019, said Manpower Minister Josephine Teo during the 20th edition of her jobs situation report on Wednesday (March 31). In all, the JGI supported the hiring of about 130,000 locals between September and November last year, in the first three months of the scheme, said Mrs Teo during a visit to local company Pacific Logistics Group. Nearly all, or 99 per cent, of the employers were small and medium-sized enterprises. About six in 10 of them hired one to two local workers each. The remaining four hired more. The $1 billion wage subsidy scheme was launched last August to spur the hiring of locals. Eligible employers receive up to 12 months of wage support of 25 per cent for each local hire. Last month, the Government announced a seven-month extension of the scheme until September this year, with an additional $5.2 billion allocated. The JGI was also enhanced from March 1 for employers who hire mature workers, people with disabilitie...
Over 150,000 employers to get more than $3b in Jobs Support Scheme payouts from end-March
SINGAPORE - From March 30, more than 150,000 employers will receive payouts of over $3 billion under the Jobs Support Scheme (JSS) of wage subsidies. The payment will benefit over two million local employees. Employers who have made mandatory Central Provident Fund contributions for their local employees for the months of September to December 2020 by the stipulated deadlines will qualify to receive the payout, said the Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) in a joint statement on Thursday (March 25). With this payout, over $24.5 billion in JSS support would have been disbursed since the introduction of the scheme at the Unity Budget in February 2020. For the upcoming payout in March, employers will receive up to 50 per cent support for the first $4,600 of gross monthly wages paid in September, October, November and December 2020. Employers in the hardest-hit aviation, aerospace, and tourism sectors will get 50 per cent support; while those in food services, retail, arts and entertainment, land transport, and marine and offshore will get 30 per cent support. Employers in the built environment sector will get 50 per cent support for wages paid in...
New Indonesian maids to cost up to $3,000 more for employers in Singapore
SINGAPORE (THE NEW PAPER) - From next month, employers must pay a one-time placement fee that used to be borne by incoming foreign domestic workers (FDWs). Single mother Lynda Lee who has relied on FDWs from Indonesia for the last 10 years is resigned to looking elsewhere to replace her former maid. This is because a new ruling by the Indonesian authorities to pass the cost of the FDW placement fee to employers from next month will add an extra cost of up to $3,000. The one-time fee to cover expenses such as transportation, accommodation and medical examinations incurred by new FDWs coming to Singapore used to be clawed back from the maid by deducting her salary for months. A Ministry of Manpower (MOM) spokesman told The New Paper that it has received feedback from employment agencies here that the Indonesian authorities are enforcing a "zero placement fee policy" from Jan 1 next year. The ruling means employers must now pay this fee to enable new Indonesian FDWs to come to Singapore debt-free. Like many employers, Ms Lee, who lives with her two young children and 84-year-old parents, is baulking at the extra expense. The sales manager, 52, said she will consider other nationalitie...
More Singapore employers investigated for possible discriminatory hiring practices
SINGAPORE - More employers are being investigated for possible discriminatory hiring practices, said a report on employment practices released on Thursday (Nov 19). The Tripartite Alliance for Fair and Progressive Employment Practices (Tafep), the national watchdog on fair employment, investigated about 260 cases of such practices in the first half of this year, 60 per cent more than the 160 cases in the same period last year. Some 90 employers eventually had their work pass privileges suspended due to discriminatory hiring practices as at August this year, up from 35 for the full year of 2019. This means the Ministry of Manpower (MOM) barred them from hiring new foreigners or renewing the work passes of existing foreign staff for a period of time. About 43 per cent of them were identified through data analytics as part of MOM's proactive investigation efforts. The remaining 57 per cent were identified based on complaints received by the ministry and Tafep, said an MOM spokesman in response to media queries. Errant employers that breach the Tripartite Guidelines on Fair Employment Practices will be barred from hiring new foreign workers or renewing existing ones for 12 months to 24...
Three new features on national job portal to weed out discriminatory hiring
SINGAPORE - Three new features have been rolled out on the national jobs portal MyCareersFuture to strengthen progressive hiring practices among employers. A key thrust of the portal is to "provide as many job seekers as possible a fair chance at the roles advertised", said Workforce Singapore (WSG), the Tripartite Alliance for Fair and Progressive Employment Practices (Tafep), and the Ministry of Manpower (MOM) in a joint statement on Tuesday (Nov 10). The features aim to set a new standard for other job portals to follow, they said. They are: 1. Prompting employers to adhere to TGFEP when placing job advertisements An "Employer Prompt" feature reminds employers to adhere to the Tripartite Guidelines on Fair Employment Practices (TGFEP) when crafting job postings, and before they are published on MyCareersFuture. 2. Better guidance for employers in crafting neutral job ads Social listening technology is used to review all job postings published on MyCareersFuture, and potentially discriminatory terms or mentions are flagged to employers. Employers are guided on how they can improve their job postings, so they are better able to attract and find the most suitable candidates. Employ...
Employers should retrench based on merit, but also retain more locals under updated advisory
SINGAPORE - Objective reasons such as merit should be the basis for retrenchments, but employers should also lean in favour of retaining Singaporeans and permanent residents in their workforce. The tripartite advisory on managing excess manpower and responsible retrenchment was updated for the second time this year to incorporate the key principles of the National Trades Union Congress' (NTUC) Fair Retrenchment Framework. The updates, released on Saturday (Oct 17), were made jointly by the Ministry of Manpower (MOM), the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF). The advisory continues to state that retrenchments should be a last resort, after exhausting all other cost-cutting measures based on latest guidelines from the National Wages Council. In the event that retrenchments are inevitable, employers should select employees to let go based on objective criteria such as merit and preserving those with skills to ensure business sustainability. At the same time, they should also take a long-term view of their manpower needs, including the need to maintain a "strong Singaporean core". "Retrenchments should generally not result in a re...