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4 Key Takeaways From MOM's Labour Market Advanced Release For Q4 2020

4 minute read
Overall, there has been broad improvements in the labour market for the period of the report. However, the labour market is still not back at pre-COVID conditions. Uncertainties in the economic environment will continue to weigh on the recovery of the labour market, said MOM.
Here are the main takeaways from the estimations in the preliminary report.
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#1 Employment Of Residents (Singaporeans And PRs) Rebounded To Pre-COVID Levels
According to MOM’s estimates, the number of employed Singaporeans and PRs had returned to pre-COVID levels by the end of 2020. In the last quarter of the year, resident employment grew by 28,900, after increasing by 43,200 in the previous quarter. This was due to a pick-up in business activities after the circuit breaker in April and May. ....

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8 Things That Employers Are Legally Allowed To Deduct From Workers' Salary (According To The Employment Act)

5 minute read
Salary has always been a sensitive topic for employers and employees. With COVID-19 still hurting the Singapore and global economy, it may be an even more touchy issue this year. Already, median local wages in 2020 fell for the first time in 16 years to $4,534 (after employer’s CPF contributions).
As employers continue to manage business slowdown, with revenue and profits potentially taking a hit, you may have to resort to cutting employee salaries. However, Singapore employers have to be guided by the Employment Act, and cannot just deduct their workers’ salary as they deem fit.
Employment Act: Part III Section 26 ....

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