US-based financial services firm Wells Fargo has announced plans to retrench 5-10% of its workforce by 2021, in a company-wide townhall statement by CEO Tim Sloan. According to the company’s latest regulatory filing on 3 August, 2018, it has “approximately 265,000active, full-time equivalent team members”, thus the job cuts will be in the range of 13,250 to up to 26,500 employees globally, which reflects...

A new report by Oxford Economics and Cisco explores what the next decade of technological change will mean for ASEAN workers. By leveraging data on 433 occupations across 21 industries, it modeled the the impact of technology adoption patterns on the 275 million FTE workers in the six largest ASEAN economies – namely, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore’s labour...

 It is common knowledge that working adults should get 7 to 9 hours of sleep per night. However, a report by Mattress Online revealed a majority of workers are getting less than that, with  75% of Brits sleeping less than 7 hours per night and 65% of Americans getting 7 hours or less. This costs the UK economy and US economy £40bn and £310bn respectively. Needless to say, lack of sleep doesn’t just affect...

 Singapore’s Minister of State for Manpower Zaqy Mohamad has accepted the recommendations of the International Advisory Panel (IAP) for WSH at the Singapore WSH Conference on 30 August 2018. The Ministry of Manpower will work with tripartite partners and industry stakeholders to incorporate the IAP’s recommendations into the WSH2028 strategy, which aims to deepen WSH ownership, renew focus on workplace...

An agile working culture is key to survival in this rapidly changing world. Experts from Tripartite Alliance for Fair & Progressive Employment Practices (TAFEP) reveal how employers can cultivate one. Many organisations are shifting from hierarchical structures to developing a more agile working culture that focuses on the organisation’s ability to transform itself to meet changing demands. This requires...

People generally like to talk about promotions, not so much about demotions. So, how common are demotions at work? According to new research from OfficeTeam, nearly half of HR managers (46%) have seen someone at their company moved down a rung on the career ladder. Common reasons for demotion include poor performance (39%), not succeeding in a new job after being promoted (38%), and organisational restructuring...

According to a release by Berry Appleman & Leiden (BAL), governments around the world are screening travelers’ social media sites to vet their backgrounds and personal information. It said: “Global mobility leaders need to prepare employees for different types of border questioning and stops and searches, especially searches involving company computers and phones.” “Employees traveling internationally...

This article is brought to you by Straits Interactive. As global regulations kick in, companies will find themselves having to manage compliance across borders – this is where Straits Interactive can help. With today’s data privacy laws in force, and the EU General Data Protection Regulation (GDPR) soon to be enforced, all it takes is for data or a privacy breach to get your company into trouble with the...

This year, more expats will be feeling the pinch of providing for their children abroad – and if the company covers these costs, employers will feel the pinch. ExpatFinder International School Fee Survey 2018 found that school fees in the East rose up to an average of US$16,403 per year from US$14,150. Fees in China rose from US$25,820 in 2017 to US$33,591 in 2018 and fees in Singapore rose from US$23,198...

Perak Health, Consumer Affairs, Civil Community, National Integration and Human Resources Committee chairman A. Sivanesan said there should be anti-discrimination laws to ensure that capable disabled persons are offered jobs in the public and private sector, as reported in The Star Online.  Sivanesan told reporters that “there needs to be a law to ensure the disabled community be allocated a certain...