Workers need to stay curious about their jobs as industries continue to undergo digital transformation. The eagerness to learn could be key to bridging the widening skills gap in Singapore, said academics, human resource consultants and industry professionals...
Curiosity may save workers from disruption (The Straits Times)
SMEs paying more for talent to drive growth (The Business Times)
SMALL and medium-sized enterprises eager to fast-track their expansion are paying top dollar for the required talent, inspired by startups that have been able to grow their businesses rapidly with the aid of highly qualified hires.In one instance, a Singapore company in a niche sector was prepared to fork out S$300,000 a year for an experienced head of human resources, about S$80,000 more than what most companies would pay. Another local firm in the technology space, hoping to bring in a senior finance professional with global corporate finance expertise, offered to pay 15 to 25 per cent more than the industry average of S$250,000 to S$350,000 per annum - plus an equity package.
Singapore’s Labor Market Is Showing Strain as Economy Slows (Bloomberg)
Singapore’s resilient labor market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some recovery in the economy in upcoming quarters, there are signs the employment outlook may continue to deteriorate.
In Good Company: ManpowerGroup CEO Jonas Prising not fretting over future of work (The Straits Times)
These days, as chairman and chief executive of ManpowerGroup, a world-leading workplace solutions company, Mr Jonas Prising's challenge is disruption of another sort - the vast structural changes happening in the world of work, whether on factory floors, back offices or even outsourcing companies as automation, artificial intelligence and the Internet of Things combine to make the most profound changes to the working environment since Ford Motor invented the assembly line 106 years ago this month.
More quick thinking needed in race to close jobs-skills gap (The Straits Times)
The difficulty of matching job seekers with suitable vacancies is not new but has been a major focus in recent years as the nature of work is changing more quickly due to disruption. Much time, effort and money have been poured into pushing Singaporeans to upgrade their skills and adapt to new jobs as the economy restructures.
No work emails, text messages after office hours? Not happening in S'pore, say experts (TODAYOnline)
No sending of emails after work hours. No phone calls or text messages, too. While some employees in Singapore would love it if such restrictions, which are common in Western countries, exist here, it is unlikely to happen anytime soon. The obstacles are the need to maintain a competitive economy and the entrenched culture among workers here to be available round the clock, human resource experts said.