However, heightened inflation continues to pose a challenge, with more than half of employers surveyed (54%) adopting a wait-and-see approach to tackle the impact of inflation on the wage bill.
Increasing competition for talent and changes in employees’ needs and expectations at the workplace require businesses to adopt a holistic human resource strategy to attract and retain human resources, according to experts.
SINGAPORE - Expecting the global Great Resignation phenomenon to play out in full next year, employers in Singapore are reverting salary increments and payroll budgets to near pre-pandemic levels in a bid to hold on to their employees, as well as fill vacancies next year. Publishing its Mercer's 2021 Total Remuneration Survey last Wednesday (Nov 17), Mercer Singapore said workers.
SINGAPORE (The Straits Times/Asia News Network): Expecting the global Great Resignation phenomenon to play out in full next year, employers in Singapore are reverting salary increments and payroll budgets to near pre-pandemic levels in a bid to hold on to their employees, as well as fill vacancies next year.