The Code of Corporat...

After more than a year of deliberations, the Corporate Governance Council has finalized its recommended changes to the Code. To allow time for companies to adapt, the changes will come into effect for the financial year commencing on or after 1 July 2012. The Code provides a wide range of...

Managing Pay For Per...

The revised Code contains two new provisions that will likely change the way in which performance based pay is managed in many companies. Relevant extracts from the Code are set out below: The guidance is clear. Boards should have measures for assessing the amount of performance pay and then...

Calibrating Bonus Pa...

Many companies, particularly newly listed ones, use profit as the only factor in deciding bonuses. The bonus plans usually allocate a percentage of profit to the executives once a target has been met. Some plans are more complex with different percentages for different amounts of profit....

Get some motivation ...

Create and know yourself. Understand that your potentials are limitless if you put your mind to your journey with determination. Believe in your own courage and strength to crave out a great future for yourself. Believe in all that you do will lead you be a great career...

Labour chief Lim Swee Say rejects minimum wage Jun25

Labour chief Lim Swe...

  Singapore’s chief of the National Trades Union Congress (NTUC) Lim Swee Say has categorically rejected the notion of a minimum wage for low-wage workers, re-emphasizing the oft-stated stance of the government. “The concept of minimum wage is something that we don’t embrace,”...

DRIVEN TO LIVE THE D...

Extracted from “Business Class: Lessons from High Fliers” – Celebrating 45 years – NUS Business School. David Leong started his first business at the age of 23, made his first million at 31 years, has 13 successful businesses and is already looking ahead to his next venture. David...

Think High to Achiev...

Very often, our imagination and dare limits our ability to do beyond what we are doing today. Think high means that we must dare ourselves everyday to do something out of our comfort zone. Stretch...

Where are All the Si...

From the standpoint of human capitals for Singapore, low fertility rate will mean a depleting source of indigenous local Singaporeans. A lower population impacts labor rate participation, economic consumptions and that will lead to economic contraction. Without any plans for population...

Are Family-friendly HR Policies Good for Employers...

Family friendly HR policies have costs, impacts and implications on work schedules and processes. Top and bottom lines can be affected if the human resource and labour mix are not optimized or tuned for productivity gains. On the balance of things, family friendly initiatives promote well-being of individual workers with certain work customizations. With that, workers can be gainfully and meaningfully employed and be productive- using limited time to generate better performance. Flexible work arrangement or micro-job may be a good family-friendly initiative that is taking traction. With the Re-Employment Act, a pool of elderly workers are...