Morgan Stanley makes leadership changes to strengthen SEA presence
Hrm Asia | HR News and Information
by Josephine Tan
6h ago
Morgan Stanley has named David Aronovitch as its new CEO for South-East Asia in an effort to bolster its presence in the region. Aronovitch joined Morgan Stanley in 1998 starting as an analyst. He was later appointed as the Head of Asia Pacific consumer retail investment banking in 2009 before becoming the Global Co-Head in 2018. In his new role as CEO for South-East Asia, he will continue maintain sector client coverage responsibilities. Meanwhile, veteran banker Ronald Ong, who has been with Morgan Stanley since 1995, will focus on his role as the Chairman of South-East Asia. Ong has helped ..read more
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Why employees should choose who they speak with to effect change
Hrm Asia | HR News and Information
by Josephine Tan
10h ago
When employees feel empowered to speak up at work, both the organisation and employees benefit when improvements are made to the workplace. The caveat is, are employees speaking to the right person? Does the listener have the authority and resources to effect change and do they have the know-how to make the change happen? Some employees, said Ethan Burris, a Professor of Management at Texas McCombs University, make the mistake of speaking to someone who is not higher up in the hierarchy and therefore does not have the power or influence to initiate effective change. READ: Moderate office noise ..read more
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Employees in Japan saw earnings soar in December 2022
Hrm Asia | HR News and Information
by Josephine Tan
10h ago
Employees in Japan saw a significant boost in their nominal wages in December 2022, with a 4.8% year-on-year increase, marking the fastest pace of growth since 1997, according to the latest data from Japan’s Labour Ministry. The rise in wages, which was attributed to the increase in winter bonuses, surpassed the 2.5% growth estimate by economists. Scheduled pay also recorded a 1.9% increase, reflecting a closer match to the trend of wages excluding additional payments, but it still falls short of the 3% deemed necessary by the central bank and economists to maintain a stable 2% inflation rate ..read more
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Lenovo recognised for championing gender equality in the workplace
Hrm Asia | HR News and Information
by Josephine Tan
10h ago
For the fourth consecutive year, Lenovo has been listed in the Bloomberg Gender-Equality Index (GEI), a framework that tracks the progress of 484 companies in 11 sectors and 45 markets and regions around the world in women’s empowerment and equality in the workplace. For the 2023 edition, Lenovo stood out in several categories, including building an inclusive culture, having anti-sexual harassment policies, and developing a strong leadership and talent pipeline. READ: Why your organisation should be prioritising DE&I Calvin Crosslin, Vice President of Human Resources, Chief Diversity Offic ..read more
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Visa makes key leadership changes in Asia Pacific
Hrm Asia | HR News and Information
by Shawn Liew
1d ago
Effective 1 April 2023, Chris Clarke will assume the position of Chairman, Asia Pacific, Visa. In his role as Chairman, Asia Pacific, Clarke will support Visa’s regional and global initiatives, including strategic engagements with government and industry stakeholders, drive Visa’s market expansion strategy and continue his role as non-executive director of the Visa Europe Board. Taking over Clarke as Regional President, Asia Pacific is Stephen Karpin, who joined Visa in 2014 and has served as Country Manager, Japan since 2019. In his new role, Karpin will be responsible for the full business o ..read more
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Platform workers in Singapore to be protected against injury
Hrm Asia | HR News and Information
by Josephine Tan
1d ago
To develop work injury compensation policies for platform workers, Singapore has established the Platform Workers Work Injury Compensation Implementation Network. The network will consider the perspectives of platforms companies and workers, insurers, and tripartite partners when developing policies, such as for claims processing and the reporting of work injuries. Some key operational policy issues the network will address include claims processing in exceptional scenarios where platform workers are injured while at work for more than one platform company at the same time and determining earn ..read more
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Can TikTok allow organisations to better connect with employees?
Hrm Asia | HR News and Information
by Josephine Tan
1d ago
TikTok is emerging as a potential solution for the challenges faced by HR professionals in the workplace, including issues like employee disengagement, burnout, discontent with compensation, and layoff fears. As more people and content creators use the platform to express workplace-related concerns, organisations are presented with an opportunity to better engage and connect with employees. This may be particularly true for Gen Z employees just joining the workforce, where HR can use TikTok to communicate with employees in a more accessible and relatable way than traditional methods like HR se ..read more
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Rimini Street brings the weekend closer with new work model
Hrm Asia | HR News and Information
by Josephine Tan
2d ago
After a successful six-month trial phase in 2022, Rimini Street, a global provider of enterprise software products and services, will continue to allow employees to enjoy a four-day workweek in 2023. According to Rimini Street, the Fabulous Fridays! four-day workweek programme was launched as a pilot in July 2022 in response to the physical and emotional strain faced by employees because of the pandemic and economic challenges. During the trial programme, employees were able to enjoy the benefits of a more focused four-day workweek and three-day weekend model, leading to increased relaxation ..read more
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Why leaders should be the last to speak during meetings
Hrm Asia | HR News and Information
by Shawn Liew
2d ago
Are you preparing to lead a business meeting with a group of subordinates? The best thing you could probably do, is to start by saying nothing. For meetings to be effective and achieve its goals, managers and leaders should always speak last in business meetings, says Lauren Sanchez, Founder of aerial filming company Black Ops Aviation. She is also the girlfriend of former Amazon CEO Jeff Bezos, who is a keen advocate of managers not speaking first during meetings. Speaking to The Wall Street Journal, Sanchez said, “I hold a lot of meetings, and I would talk first in a meeting, and [Bezos] goe ..read more
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Moderate office noise in the office increases employee wellbeing
Hrm Asia | HR News and Information
by Josephine Tan
2d ago
While loud noises at work can have an adverse impact on employee wellbeing, complete silence does not necessarily create a healthy work environment. Therefore, employees may be better off working in the murmur of a busy coffee shop than in an office with library-level silence. What then, is the ideal noise level in the office? Around 50 decibels, which is roughly equivalent to the sounds of birds singing or light rain falling, according to a new study by the University of Arizona and University of Kansas. Ester Sternberg, co-author of the study and Director of the University of Arizona’s Insti ..read more
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