human resources

Don't let the workforce become a double-edged sword: RSA

SINGAPORE (May 30): Are organisations in Singapore ready to embrace both digital initiatives and the risks they entail?

With businesses increasingly steering digital initiatives to drive business growth and operational efficiency through adopting cloud, mobile and Internet of Things (IoT) technologies to empower today’s workforce, there is an inevitable growth of risk in an extended digital ecosystem.

What’s more, 30% of businesses in Singapore said their total spend on digital transformation products and services would grow by more than 10% in the next three years.

Flexible working should be a business rather than gender issue, says Hays

SINGAPORE (May 29): Offering flexible working hours is key to improving a company’s diversity and inclusion (D&I) effectiveness – not as a “female friendly” policy just for the benefit of working mothers, but simply a “family friendly” one.

This is according to professional recruiting group Hays plc, who says flexible working is a “highly effective tool” to achieving better diversity, and that it should be implemented early in the recruitment stage.

HRnetGroup downgraded to 'hold' on weaker earnings outlook, lower valuation

SINGAPORE (May 14): DBS Vickers Securities is downgrading its call on HRnetGroup to “hold” from “buy” with a lower price target of 85 cents compared to $1.05 previously on expectations of a weaker Singapore jobs market, which is believed to drag on the group’s earnings growing forward.

The research house is now anticipating FY19F core earnings to decline due to lower productive headcount (PHC), weaker jobs outlook for professional placement, and a loss of demand from fintech companies in Singapore.

HRnetGroup sees 18.5% 1Q earnings growth to $19.3 mil despite softer topline

SINGAPORE (May 10): HRnetGroup has announced earnings of $19.3 million of 1Q19, up 18.5% y-o-y from $16.3 million a year ago due to higher other income.  

Revenue for the quarter saw a 2.8% decline to $104 million from $107 million in 1Q18.

The lower group revenue was mainly due to lower placements closed in the Professional Recruitment division, which came on the back of cautious hiring on part of the group’s clients in Singapore. Nonetheless, HRnetGroup notes there was “excellent growth” for this division in Hong Kong, Mainland China, Japan and Thailand.

Understanding your value in a world of automation

SINGAPORE (May 3): VUCA – Volatile, Uncertain, Complex and Ambiguous – a term originally coined by the American military to describe what today’s leaders must cope with, has quickly become a way to describe the socio-economic landscape.

Evolving technology, including artificial intelligence and machine learning, is one of the reasons for this move towards increased complexity and volatility. As automation makes many manual and repetitive tasks obsolete, the call for a ‘skills-revolution’ has become louder.

Here's how Singapore's organisations can retain their top talent

SINGAPORE (Feb 27): Fostering human connections is a significant factor in retaining employees who value job security, especially in Singapore.

This is according to Mercer’s 2019 Global Talent Trends study, which surveys over 7,300 senior business executives, human resources (HR) leaders and employees from nine key industries across 16 geographies around the world.

Singapore among few Asian countries forecast to enjoy real wage growth this year

SINGAPORE (Jan 31): Singapore’s workforce is due for an average salary increase of 4% this year compared to 3.7% predicted in 2018, according to a forecast issued today by consulting firm Korn Ferry.

The data was drawn from Korn Ferry’s pay database of over 20 million job holders in 25,000 organisations across more than 110 countries. It showed predicted salary increases as forecasted by global HR leaders for this year, as compared to 2019 inflation forecasts from the Economist Intelligent Unit’s (EIU).

ST Logistics partners NTUC, NUS to drive skills-upgrading of local logistics workforce

SINGAPORE (Jan 31): ST Logistics has signed two company-to-institution memoranda of understanding (MoUs) with NTUC LearningHub and the National University Singapore as part of its aim to upskill Singapore’s logistics workforce.

A signing ceremony was held between all three entities at Toll City today.

The first MoU with NTUC LearningHub marks the start of skills-upgrading efforts between NTUC LearningHub and ST Logistics.

Hiring frenzy in Singapore to continue in 2019 with a focus on tech & soft skills: Morgan McKinley

SINGAPORE (Jan 30): With stricter rules in place for hiring foreign talent, employers in the sales, banking, IT, marketing, project & change management industries will maintain their upward local hiring trajectory in 2019.

This is according to the Morgan McKinley 2019 Salary Guide for Singapore, which indicates a slight increase in hiring confidence in Singapore, the wider Asia Pacific region as well as across the globe.

Why Singapore's businesses continue to lose valuable human resources

SINGAPORE (Dec 7): While business leaders in Singapore do not deny an organisation’s success is intrinsically linked to the happiness of its people, nearly half say they have lost valued human resources as a result of failing to ensure employee satisfaction.  

This finding comes as part of a global study com missioned by Fujitsu, which explores organisations’ relationships with their employees, customers and society – and how vital each group, along with culture, creativity and digital technology, is to achieving business success.

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