HR & Education

Enhanced bursaries for post-secondary students will cost the Government $134mn per year

The MOE will increase the quantum and extend the coverage of existing bursaries to benefit Singapore Citizens from two-thirds of all households in...

Government invests $10.9bn in educaton this year

The budget is almost double from a decade ago and is 10% more than last year.

Average age for female directors in Singapore is around 5 years younger than male directors

The average age for female directors is 54.7 while the average age for male directors is 59.2.

77% of companies in Singapore have no female independent directors

While 20% of companies in Singapore have 1 female independent, there are no companies in Singapore with 3 female independent directors.

Singapore ranked 6th most popular global destination to relocate to

USA ranked first as 18 percent of the respondents chose USA while only 5 per cent chose Singapore.

Demand for infocomm manpower grew 10% in 2010

From 143,500 in 2009, demand for infocomm manpower in Singapore, which includes those employed and job vacancies, grew to 157,400 in 2010.

Productivity and innovation boosted with tax deferral

Companies that tap the Productivity and Innovation Credit scheme can defer paying their taxes for a year.

Singapore's oil and gas market about to boom

Day rates for local labour for Oil & Gas in Singapore have almost doubled in the last year.

National Productivity Fund utilizes $500M for 2010 drive

The National Productivity Fund used up about S$500 million in 2010 to boost productivity.

Rising wage bills not caused by foreign worker levy hike

Tight labour market is the cause of rising wage bills, said Finance Minister Tharman.

Singaporean women ranked 5th in Index of Financial Literacy

Thailand topped the ranking with an overall financial literacy index of 73.9.

80% of Singapore employees will barely feel their salary increase in 2011

A survey reveals that only 20% of the country’s workforce can expect to be paid 6% higher this year.

Singapore needs major employment overhauls to meet productivity targets

To achieve 30% increase in productivity, companies need to devise competitive and cost effective health care, financial security, work/life balance...

Less than 2 in 10 Singaporeans are ready to retire financially: Nielsen

47% of Singaporeans are uncertain about their financial capability to retire.

72 % of Singaporean companies are budgeting a pay rise for staff

But its not all good news, with 41% of companies having no plans to hire and 6% planning to fire staff this quarter.

Dramatic slowdown in senior recruitment saw job ads fall 9% in 4Q 2010

The demand for senior, high profile roles which are not usually advertised partially caused the decrease in job advertisement volume.