The Quick Guide For Any Aspiring Freelancers in Singapore

Who Is A Freelancer? By MOM’s definition, freelancers refer to persons who operate their own business or trade without employing any workers. They usually provide services to multiple clients and are free to negotiate their terms and benefits. NTUC’s Freelancer and Self-Employed Unit (U FSE) added that freelancing also refers to an independent / ‘free […]

HOW INHUMANE COMPANIES RETRENCH BADLY

Another week, another retrenchment. Resorts World Singapore laid off about 375 employees following what the integrated resort said was a review of “its operational resources” amid falling profits in the gaming industry. CIMB laid off a dozen staff from its broking business in Singapore. The move came amid a dull period for the Singapore equity […]

Why Do We Need Tripartite Guidelines on Managing Excess Manpower?

I had the opportunity to be involved in an outplacement exercise recently. The company in the financial sector had to downsize their operational staffs and about a dozen staff were affected. One of them had been with the company for more than 10 years; another one (let’s call him Peter*) was very close to reaching […]