Shaky economic conditions drive workers to seek upskilling, professional development
52% of workers plan to transition to a new field According to a report released on June 22 by professional education company Emeritus, the current job market has led a significant number of working professionals to prioritize continuing education and upskilling. In the face of economic uncertainty, employees are keen on filling skills gaps related
CEOs embrace Generative AI as productivity jumps to being the new priority
Global CEO study highlights how business leaders can leverage generative AI A new study by the IBM (NYSE: IBM) Institute for Business Value, CEO decision-making in the age of AI, Act with intention cited that half of the CEOs in the UK and Ireland (UKI) identify productivity as their highest business priority—up from fourth place
The Big Stay: Why workers are opting to stay put rather than quit
The benefits of switching jobs may not be as lucrative as they once were The COVID-19 pandemic has brought about unprecedented changes in the labor landscape, with work-from-home and hybrid arrangements becoming the new norm. This shift has not only prompted people to explore alternative ways of working but has also led to a surge
Retention of over-50s rises uo employers’ agenda
Employers embrace strategies to retain older workers According to a recent study conducted by insurance company Aviva, employers are increasingly focused on retaining older workers, with 10% of them implementing new initiatives over the past year. The research uncovered various schemes aimed at supporting older employees, including apprenticeship programs, mid-life MOTs, job-sharing arrangements, and opportunities
71% of organisations struggling to keep up with the new AI risks
Organizations urged to embrace responsible AI programs to mitigate growing risks A recent report from MIT Sloan Management Review and Boston Consulting Group reveals that over 70% of organizations are struggling to effectively address the risks associated with the use of artificial intelligence (AI) tools. To keep up with the ever-evolving landscape, these organizations are
Nearly 3 in 5 Singaporeans want an employer who supports DEI
Employees’ desire for workplace diversity and strong relationships A recent report by Randstad reveals that more than half of employees in Singapore, 57% to be exact, consider it crucial to work for a company that values diversity, equity, and inclusion (DEI). The study also indicates that this sentiment is particularly strong among Gen Z teams.
Most New Zealand organisations are now experiencing a skills shortage
New Zealand faces escalating skills shortage crisis A significant skills shortage is plaguing nearly 90% of organizations in New Zealand, as revealed by the latest Hays Salary Guide. This research conducted by the staffing firm highlights that 76% of employers in the country anticipate the skills shortage to adversely affect their organizational operations and growth
One in three job seekers in Japan still face gender discrimination during recuritment process
32.8% of job seekers had experienced gender-based discrimination According to a survey conducted by the Japanese Trade Union Confederation Rengo and reported by Nippon, around 32.8% of job seekers in Japan felt that they had experienced gender-based discrimination. The survey, which took place online in early April 2023, gathered 1,000 valid responses from individuals between
Wage spend falls by $1.6 billion in April
Australian employers face decrease in wages and salaries According to the latest report from the Australian Bureau of Statistics released on 21 June, employers in Australia paid lower wages and salaries in April compared to March. The total amount paid by employers saw a decrease of AUD 1.6 billion (USD 1.08 billion), which accounts for
Nearly half favor 4-day week over socailizing at work
89% Seek Four-Day Workweek Nearly half of workers surveyed by global recruitment firm Robert Walters expressed a willingness to sacrifice work socials and relationships with colleagues in exchange for a four-day workweek. Among the respondents, a significant 89% expressed a desire for their employers to implement a shorter workweek, making it the most coveted perk
