Jobstreet Hiring, Compensation & Benefits Report 2024: 45% hirers confident of “more active” job market this year

Singapore’s job market is set for a lively start in 2024, as indicated by insights from the Jobstreet Hiring, Compensation & Benefits Report 2024.

Optimism runs high for the first half of 2024, with 45% of hirers confident to have a “more active” job market this year. However, expectations slightly taper off for the latter half of the year, with only 32% remaining confident about the job market. Salary increments, however, saw a dip, with the average increase resting at 5.8%, compared to 6.3% in 2022.

Additionally, there’s a growing emphasis on extending additional paternity and maternity leave, with percentages of 8% and 7%, respectively, reflecting a focus on employee well-being and family support.Health checks/medical screening coverage took the lead in 2023 at 6%, followed by medical insurance and dental coverage at 5% each.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JobStreet: 51% of companies plan on-site work in 2024pstrongIt is a slight decline from the 55% in the previous year./strong/p pAround 51% of companies are expected to require employees to work on-site in 2024, a slight decline from 55% in the previous year, according to a JobStreet report.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Focus on benefits of AI at workplace, not job displacement, say industry expertsThe technology will even result in new jobs, they said.
Source: The Straits Times - 🏆 8. / 63 Read more »

Company ordered to stop making misleading claims on health benefits of filtered or alkaline waterWater dispenser supplier Purexygen claimed that alkaline or filtered water could help prevent health conditions such as osteoporosis, acid reflux, blood pressure conditions and diabetes.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »