In today's competitive business landscape, attracting and retaining top talent is a priority for companies across various industries. One effective strategy that companies are adopting is the implementation of a flexible benefits scheme.
[Blog 57] The Chief Guru Chronicles 206: Develop an Effective and Practical Compensation and Benefits Scheme for Small and Medium Enterprises in Singapore
In the dynamic business landscape of Singapore, small and medium enterprises (SMEs) need to establish an effective and practical compensation and benefits scheme to attract and retain top talent.
[Blog 56] The Chief Guru Chronicles 205: Leveraging Pay-Mix to Drive Performance and Foster Staff Loyalty in Singapore
In today's competitive business landscape, companies in Singapore are constantly exploring new strategies to optimise employee performance and foster staff loyalty. One effective approach that has gained traction is the use of pay-mix.
[Blog 55] The Chief Guru Chronicles 204: Understanding Market Pricing and Salary Ranges in Singapore
Market pricing and salary ranges are two contrasting strategies of managing compensation. One seeks competitiveness over internal equity while the other attempts to strike a balance between the two.
In Singapore, salary compression has become increasingly more prevalent in industries with high demand for skilled workers. This trend is make worse by the tight labor market situation in Singapore and the scarcity of top talent.
[Blog 53] The Chief Guru Chronicles 202: Independent Director/Non-Executive Director Remuneration Review
Independent Directors/Non-Executive Directors (NEDs') play a critical role in the governance of companies. They are responsible for providing an independent perspective on the company's activities and ensuring that its operations are conducted in a responsible and sustainable manner.
C-suite compensation benchmarking is a crucial part of talent management for any organization. It is essential to ensure that compensation packages for top executives are competitive and in line with industry standards to attract and retain top talent.
Adopting a global mindset is vital in today’s world, where conflicting interpretations of culture and values are inevitable. This encompasses a wide spectrum of dimensions and factors that can influence employee engagement, even boiling down to ethnicities, religion, history and geographical locations.. …What I thought was a huge step...
“There is often a conflict of legal and moral obligation – one to faithfully run your business, the other to generally evaluate your employee’s actions in a fair way based on the circumstances.” …In my dealing with real life cases of employee wrongdoings over the years, two incidents particularly...
Corporate Social Responsibility or CSR is the word these days as more and more consumers seek products and services from firms who engage in socially and environmentally sustainable practices. Companies, in turn, are subsequently pressured into integrating CSR through their business interactions. When it comes to CSR, there are...