by Solutionsatwork | Apr 14, 2016 | Attraction and Retention, Legal and Statutory, Social Economic Indicators
The retirement age in Singapore will be raised from 65 years to 67 years from 1 July 2017. This was announced in Parliament as part of the Budget Debate 2016. Under this enhanced law, employers will have to offer re-employment to healthy workers aged 62 years...
by Solutionsatwork | Apr 5, 2016 | Legal and Statutory, Social Economic Indicators
The Singapore Budget 2016 was presented on 24 March 2016 (2016 Budget). Here are some of the highlights. For the EmployeeFor the EmployerMore Information a. Enhancements to Workfare – the Workfare Income Supplement (WIS) Scheme will be enhanced to continue to...
by Solutionsatwork | Mar 13, 2016 | Employee Benefits, Employee Remuneration, Social Economic Indicators
Is Singapore the most expensive city in the world? Well, that depends on which study you look at. The Economist Intelligence Unit reports that Singapore is the most expensive city in the world, where the cost of car ownership is high, and where clothes along Orchard...
by Solutionsatwork | Jan 25, 2016 | Employee Remuneration, Social Economic Indicators
Graduate salaries for bachelor degree and diploma holders for the year ending 2014 are provided below. Data Source: Graduate Employment Survey 2014 (published 2015) by the Ministry of Education,...
by Solutionsatwork | Jan 24, 2016 | Social Economic Indicators
Latest statistics from the Ministry of Manpower indicate that redundancies in 2015 reached 10,160 in the 9 months up to September. Unlike earlier years when redundancies mostly affected the manufacturing and construction sector, recent redundancies seem to suggest...
by Solutionsatwork | Feb 26, 2015 | Legal and Statutory, Social Economic Indicators
The Singapore Budget 2015 was announced on 24 Feb 2015 (full speech). Here are some of the highlights: For the Employer For the Employee 1. CPF Changes: the income ceiling for CPF contributions will be increased from $5,000 to $6,000 from 1 Jan 2016; CPF...
