Alternative HR strategies for uncertain times
Although
the current economic downturn may have HR departments looking worriedly at
their budgets, experts in the field believe that now is the time for
investment, not cutbacks. They say companies should be making strategic changes
to promote future corporate growth and retain talent.
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Stepping in and leading change
There was once a
time when organisations looked at interim managers as simply being a type of
first aid; corporate tourniquets used to halt the bleeding after some sort of
organisational failure. They were temporary employees just filling a gap until
the right candidate could be found.
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Powerful benefits
It is a familiar enough scene. A frustrated
customer has a small problem that would normally be relatively easy to solve.
But none of the staff he speaks with has the authority to do what needs to be
done.
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The core of perfect balance
Joseph McCorry makes it simple when it
comes to defining his work-life balance: three core priorities. The president of
ZF Southeast Asia names his family and friends as topmost in driving him as a
person right within his core. His passion to create and build comes a close
second, and third would be to be in good physical condition and health by
eating and exercising right.
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Singaporeans fear for their jobs
Singaporeans have raised job security as their number one issue in a pre-budget feedback session for the Government. 60 Singaporeans, representing various ages, industries and levels, participated in the focus group.
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Budget comes early for employers
The Singapore Government will fast-track its proposals to fight the economic downturn. Rather than waiting for the February budget statement, Prime Minister Lee Hsien Loong said the announcements would be made and implemented before the end of November. -
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SNEF: There are jobs for fresh grads
Singapore's Class of 2008 is still in demand. The Singapore National Employers Federation (SNEF) has said there are still jobs for fresh graduates, despite the expected fall in labour demand across the Singaporean economy.
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Law Minister: Singapore should welcome foreign workers
Law Minister K Shanmugam has urged Singaporeans to welcome foreign workers, noting that their presence is still in the national interest. "There are jobs that Singaporeans won't do, and then there are some jobs that Singaporeans cannot do," he told residents during a community visit to Queenstown on November 2nd.
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Singapore factory output post surprise gains
Singapore's manufacturing output posted an unexpected rise in September of 2.4 percent (year-on-year), according to figures from the Economic Development Board (EDB). Economists polled by Dow Jones Newswires had predicted that output would shrink 1.4 percent.
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Hiring for digital media personnel continues
Despite the financial crisis's toll on recruitment, hiring activity in digital media and marketing will remain strong. The demand for personnel in search engine marketing and digital advertising in particular is expected to continue at a rapid pace, according to new research by Aquent. However, pay increments may drop steeply, owing to the volatility of today's markets.
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Bonuses accounted for
Singapore employers are likely to bow to employee expectations on end-of-year bonuses, even as the world economy continues heading south. Experts say most companies have already budgeted for the so-called '13th month' payments and won't be using them as leverage against expected falls in revenues.
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SIA: A great way to work
Singapore Airlines is the employer of choice for Singapore's latest graduating classes, according to a survey by online recruitment service Jobs Factory. The research, released last week, considered the views of 4801 recent graduates and current students of the National University of Singapore, the Nanyang Technological University and the Singapore Management University.
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