How to Reduce Business Cost in a Difficult Economic Situation? Leaders of companies have a tough choice to make when deciding which areas of a business they can reduce costs in without affecting regular business operations. Before retrenching employees, businesses in Singapore should contemplate the following alternatives to help employees cope during this difficult period. Furloughs – Temporarily laying off staff for a short period can help you cut costs but also keep your workforce for when business normality resumes goes back to normal. Employers must continue to pay at least 50% of an empl ..read more

Singapore Remains Steady on the Path to Recovery As Singapore was one of the earliest countries to reopen its borders in 2022, we saw its unemployment figures fall at an impressive pace. In fact, by November of last year, the unemployment rate stood at 1.9%, surpassing pre-Covid levels. Singapore opening its doors to the world coupled with foreign-talent-friendly immigration policies have played a major part in its quick recovery. 2022 also saw a number of companies moving their business operations to Singapore due to the ease of doing business there as well as the island-nation’s strong curr ..read more

Has Singapore Recovered from the Impacts of COVID? Singapore’s path to recovery from the COVID-19 pandemic is back on track after a strong economic rebound in 2021! Salary increments and bonuses are projected to recover in 2022 after suffering last year as companies looked to preserve cash flow and put a hold on expansion plans. Our Singapore Salary Guide looks into the recovery of the Singapore job market, projected salaries and bonuses, and hot job roles to emerge from the pandemic! Highlights from the 2022 Singapore Salary Guide: Singapore’s economy performed strongly in 2021, recouping ..read more