Media and Research

While jobseekers in Singapore have realistic expectations for increments in 2020, they are increasingly uncertain about the relevancy of their skills, finds the latest Asia Salary Guide report by leading recruitment experts Hays.

Despite looming wage stagnation, employees in Singapore remain among the most satisfied with their current compensation packages in the region, finds the latest Asia Salary Guide report by leading recruitment experts Hays. However, pay and benefits remain a high priority for those seeking new jobs, but are of lower importance when it comes to staying with their current employer.

While 2019 began as a promising year for recruitment in Asia, the ripple effect of a slowing global economy has seeded uncertainty within the region. This has contributed to a more conservative outlook for hiring and compensation in 2020, finds the latest Asia Salary Guide report by leading recruitment experts Hays.

Alistair Cox, CEO of recruiting experts Hays, has identified three important questions business leaders should be asking themselves to prepare their organisations and workforces for the new decade ahead.

Pressure on productivity has seen many businesses try to squeeze more output per hour – but according to recruiting experts Hays, now is the time to explore other approaches.

Gamification has the potential to help organisations with employee participation and motivation, but some businesses are struggling to put it into effect, says recruiting experts Hays.

While other Asian countries are quickly catching up, Singapore leads the brigade as one of the most-developed landscapes for Recruitment Process Outsourcing (RPO) services in the region.

A recent survey by recruiting experts Hays has revealed 80% of respondents intend to look for a new job in 2020.

Would you rather your boss praised your successes or offered you unwanted perks? According to recruiting experts Hays, most employees prefer the former, which is why organisations could forgo headline-grabbing perks in favour of a simple ‘thank you’ and recognition for a job well done.

Marked by continued digital innovation, business transformation and a slowing global economy, 2020 is lining up to be a year that will be as full of challenges as it will opportunities.