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DecodeHR’s APAC Employment Updates Bringing you fortnightly updates on employment law developments and insights from around the Asia-Pacific region. 💡Japan: 82.9% of Companies Plan to Raise Wages in 2024 Tokyo Shōkō Research surveyed 4,581 companies in December 2023 and found that 51.5% plan to implement a wage increase on par with that of 2023. Outlook for wage increases most positive for companies in real-estate and information and telecommunications. Read more: https://lnkd.in/gSfjHYkU 💡Malaysia: Review of migrant labour deals expected Bilateral agreements with 15 nations to be reviewed. Labour and home affairs ministers reveal a shortage of workers in the agriculture and plantations sector while quotas have been exceeded in other sectors. Read more: https://lnkd.in/gBemUW3x 💡Singapore: More employees looking for opportunities 86% of the respondents in a LinkedIn study are looking to leave their current employers, marking a 15% increase from 2023. Key considerations include higher wages and a better work-life balance. However job vacancies are on the decline for the sixth consecutive quarter since March 2022. Read more: https://lnkd.in/g7bdqYRp For advice on labour and employment practices in the Asia-Pacific region, get in touch with us here: https://lnkd.in/eGdM6m-P #DecodeHR #DecodeHRLabourNews #employmentlaws #labourlaws Image: Freepik.com

DecodeHR’s APAC Employment Updates Bringing you fortnightly updates on employment law developments and insights from around the Asia-Pacific region. 💡Singapore: Budget Statement For Budget 2024 Increased support for employers raising wages for lower-wage workers to $4,900, up from $4,200 today. Singaporeans aged 40 and above to get $4,000 in SkillsFuture Credit. New support scheme for Singaporeans who are laid off. Read more: https://lnkd.in/gFyXgb35 💡Singapore: MOM set to issue guidelines on restrictive employment clauses Manpower Minister Tan See Leng says the guidelines are being developed by the Government together with unions and employers and targeted to be released in the second half of 2024. Read more: https://lnkd.in/gCb8T4qP 💡Singapore: Tripartite guidelines to normalise requesting for flexible work arrangements The guidelines on flexible work arrangements (FWAs) will cover frontline and shift workers on top of work-from-home arrangements or employees in office jobs. Minister of State for Manpower Gan Siow Huang says she is hoping to see further adoption of FWAs at workplaces. Read more: https://lnkd.in/gtKVav3x 💡Global: Career cushioning as emerging workplace trend Lack of job security encourages employees to have a Plan B. This includes proactive actions such as attending networking events, updating resumes and LinkedIn profiles, and even applying for jobs. Read more: https://lnkd.in/gnwFWygy For advice on labour and employment practices in the Asia-Pacific region, get in touch with us here: https://lnkd.in/eGdM6m-P #DecodeHR #DecodeHRLabourNews #employmentlaws #labourlaws Image: Freepik.com

#didyouknow : 29% of Fintech Companies in Singapore are currently lacking dedicated HR functions. 🚀 The Singapore FinTech Talent Report 2023 unveils key insights into their plans for growth, emphasizing the importance of strategic HR functions. Small firms, especially those with 30 employees or fewer, face HR challenges. The Solution? 🌐 Pasona Singapore's HR outsourcing services offer tailored solutions. We help businesses improve their HR tasks with personalized services like managing payroll, creating custom training programmes, recruitment, and providing strategic HR advice. We simplify processes, ensuring that latest employment guidelines are adhered, so that you can focus on growing your business. Learn more: https://lnkd.in/g8Rqk5tM #Fintech #HR #PasonaSingapore #Growth #singapore #sme #smallbusinessowner #singaporebusiness #businessboost #hroutsourcing #hrpartner #hradvice #hrcommunity #hrconsulting #hrservices #hragency #employment #jobagency #hrms #payroll #payrolloutsourcing

DecodeHR’s APAC Employment Updates Bringing you fortnightly updates on employment law developments and insights from around the Asia-Pacific region. 💡 APAC: Pay equity and pay transparency gaining importance Although there are no specific regulations mandating pay disclosure in APAC, a survey finds that 79% of organisations consider pay transparency important, influenced by regulatory shifts, DEIB policies, and peer practices. However, only 25% of organisations have proactively disclosed pay-related matters to employees, with many taking a cautious approach. Read more: https://buff.ly/4aTMNAJ 💡 Malaysia: National Human Resource Policy Framework to be launched in May 2024 To be launched on 1 May, the framework will provide guidelines to the government on human capital development programmes and lead an intention of achieving the target of a 35% skilled workforce by 2030. Read more: https://buff.ly/3UeG0Mm 💡 New Zealand: New Zealand tightens work visas, announces new rules, with immediate effect New Zealand has announced new changes to the Accredited Employer Worker Visa scheme to attract skilled migrants, prioritise local workers, and align with economic needs. Changes include English language requirements, minimum skills criteria, and disbanding the franchisee accreditation category. Read more: https://buff.ly/4aA8gyX For advice on labour and employment practices in the Asia-Pacific region, get in touch with us here: https://buff.ly/3zFfo9P #DecodeHR #DecodeHRLabourNews #employmentlaws #labourlaws Image: Freepik

"South and Southeast Asia are bright spots for growth in developing Asia in 2024" - from EDB Singapore (https://lnkd.in/gjDaXy9q) Amid economic uncertainties, many companies are exploring new growth engines, new markets. South and Southeast Asia are the hotspots in 2024 - increasing business activities observed, some are even outside APAC and linked with EMEA / LATAM regions. HR leaders must understand local market practices, legislative requirements, and labor laws for smooth expansion. BIPO teams have put our heads together and compiled resources to support you in navigating these challenges - to share our teams' experiences in managing various scenarios, whether it’s on HRMS, Employer-of-Record (EOR), Global/Regional Payroll Outsourcing, Workforce Analytics, etc., whenever companies are expanding their business overseas. Check out our latest insights: https://lnkd.in/gcp3M9av Key highlights: - Local labor laws - Payroll compliance - Local market-specific HR practices Stay ahead and ensure your global expansion is on track. Let's connect! BIPO #GlobalExpansion #HR #BusinessGrowth #EmergingMarkets #HRTech #HRTransformation #HRDigitalization #EmployerOfRecord #GlobalPayrollOutsourcing #Compliance

Ever wondered how hiring or firing works in Singapore compared to Spain? Or pondered the repercussions of letting someone go in Brazil? As businesses continue to span across continents, understanding global hiring and firing regulations has never been more crucial. Join our February 7 webinar to gain a deeper understanding of global regulations, as we tap into the knowledge of GoGlobal's in-country experts: https://hubs.li/Q02dBBjB0 #HR #EOR #RemoteWork #HireTalentAnywhere #GoGlobal

Understanding and Enforcing Non-Compete Clauses in Singapore: A Guide for HR Professionals HRSINGAPORE is the free HR Forum in Singapore and organises HRLAW Seminars and provides HR Services. Visit www.hrsingapore.org #hr #Singapore

On 4 March 2024, it was announced that Singapore's Tripartite Guidelines on Flexible Work Arrangement requests were being developed. We have previously set out a summary; it has now been announced that the Singapore Government has accepted all recommendations by the Tripartite Workgroup on the guidelines, and that they will come into effect on 1 December 2024. Read insights by Thomas Choo here 👉 https://lnkd.in/grYiZN2u #workplacerelations #labourlaw #employment #employmentlaw #humanresources #HR

Next in our APAC series of HR Stat Sheets: China. Our Market Statistics Brief China offers an HR snapshot of the consulting market in 2023. Vencon Research is the leading specialist provider of compensation benchmarking data and HR advisory to the consulting industry. Follow our page for weekly country releases. #humanresources #consulting #statsheets #china #compensation

Intra-group transfer of employee data is a common data export scenario for multinational corporations. The recent cross-border data transfer rules released by the Cyberspace Administration of China introduced a HR management exemption for cross-border data transfers. Learn about the key prerequisites for MNCs to leverage this exemption in our latest #techinsight by Alex Roberts 罗世轩, Martin Zhou, Tiantian Ke 柯恬恬 and Dylan Wu 吴迪. #HR #LabourRule #CollectiveContract #ChinaDataTransfer