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Survey shows Singaporeans least optimistic about future
SINGAPORE: Affluent Singaporeans are the most pessimistic in Asia when it comes to their future, according to a survey by life insurer AXA.
For more, see http://www.channelnewsasia.com/stories/singaporelocalnews/view/419658/1/.html
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Human resource cost-cutting highest in S'pore compared to rest of Asia
SINGAPORE: A majority of executives in Singapore said their companies have cut HR-related costs in the last six months, according to a recent survey by human resource group Hudson.
For more, see http://www.channelnewsasia.com/stories/singaporelocalnews/view/419697/1/.html
SINGAPORE: A majority of executives in Singapore said their companies have cut HR-related costs in the last six months, according to a recent survey by human resource group Hudson.
For more, see http://www.channelnewsasia.com/stories/singaporelocalnews/view/419697/1/.html
Feature
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Step by step guide to a retrenchment exercise
It is important to maintain good industrial relations when carrying out a retrenchment exercise. The organisation must be seen as fair in its treatment of the retrenched employees. This sense of fairness will at least help maintain the trust between existing employees and the organisation. The following are five steps that you may take:
1. At the first sign of a need to retrench, seek alternatives to avoid retrenchment or minimise the number of employees who will be retrenched.
2. If retrenchment is unavoidable, set up a committee to decide on the criteria for selecting which employees to retrench.
3. Decide on the number of employees to retrench.
4. Select employees to be retrenched. A specific deadline should be given to department managers to submit the names.
5. Develop an implementation guide for department managers on how to answer questions from the employees.
For the full article, see CCH's The Hands On Guide HR Manager Singapore: http://www.cch.com.sg/SG/TopicCategory.aspx?TopicID=9
*You must a subscriber to the product to view the full article
It is important to maintain good industrial relations when carrying out a retrenchment exercise. The organisation must be seen as fair in its treatment of the retrenched employees. This sense of fairness will at least help maintain the trust between existing employees and the organisation. The following are five steps that you may take:
1. At the first sign of a need to retrench, seek alternatives to avoid retrenchment or minimise the number of employees who will be retrenched.
2. If retrenchment is unavoidable, set up a committee to decide on the criteria for selecting which employees to retrench.
3. Decide on the number of employees to retrench.
4. Select employees to be retrenched. A specific deadline should be given to department managers to submit the names.
5. Develop an implementation guide for department managers on how to answer questions from the employees.
For the full article, see CCH's The Hands On Guide HR Manager Singapore: http://www.cch.com.sg/SG/TopicCategory.aspx?TopicID=9
*You must a subscriber to the product to view the full article
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How to prosper through a downturn
In the famous Monty Python skit, a pet shop owner is confronted by an angry customer returning a dead parrot that had been nailed to its perch to make it look alive.
For more, see http://smallbusiness.theage.com.au/growing/finance/how-to-prosper-through-a-downturn-620108994.html
In the famous Monty Python skit, a pet shop owner is confronted by an angry customer returning a dead parrot that had been nailed to its perch to make it look alive.
For more, see http://smallbusiness.theage.com.au/growing/finance/how-to-prosper-through-a-downturn-620108994.html
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100,000 employers to receive $920 million in first payment of Jobs Credit
100,000 employers employing some 1.3 million local workers will receive $920 million in the first payment of Jobs Credit on 31 March 2009.
For more, see http://www.news.gov.sg/public/sgpc/en/media_releases/agencies/mof/press_release/P-20090324-1.html
100,000 employers employing some 1.3 million local workers will receive $920 million in the first payment of Jobs Credit on 31 March 2009.
For more, see http://www.news.gov.sg/public/sgpc/en/media_releases/agencies/mof/press_release/P-20090324-1.html
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More workers getting trained
The number of workers getting trained this year looks set to surge.
For more, see http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_357181.html
The number of workers getting trained this year looks set to surge.
For more, see http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_357181.html
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