Thinking about doing a mid-career switch in Singapore? After three years of Covid-19, there is reportedly steady growth and recovery in the labour market. Nevertheless, the average long-term unemployment rate among Singapore residents remains at an elevated level of 1per cent compared to pre-Covid levels of 0.7 per cent. This tells us that more people are unemployed for long periods.
Malaysians are at their worst financial position in 2022 compared with the last five years, and the looming recession may push them to the brink with dwindling savings coupled with the aftermath of the Covid-19 pandemic.
The tripartite partners are working to certify and train 12,000 HR professionals by 2025 to be equipped to improve compliance with fair and progressive employment / workplace practices.
The objective is to provide a platform to reflect on current labour issues, reimagine new approaches, and restrategise the way forward for unions in Singapore and the world.