Topic
23 stories in this topic
The Chief Executive Officer of Singapore’s UOB, Wee Ee Cheong, experienced a decrease in his total remuneration in a year that also witnessed a fall in the company’s profit. This comes as per the bank’s annual report, which highlighted his reduced earnings.…
Despite a dip in 2025 net profits, the United Overseas Bank (UOB) of Singapore plans to award approximately 6,000 junior staff members with a half-month base salary payout. This one-time payment aims to recognize their hard work and contributions amidst…
Vietnam is projected to have the most significant salary increase among Southeast Asian countries in 2025, with an estimated growth rate of 7.7%, according to a recent study by a leading global professional services firm. Salary Increase and Turnover Study…
Starbucks is on the hunt for a private jet pilot, offering a staggering salary that can soar up to $360,300 annually, according to a recent report by Business Insider. This ambitious pay scale positions the coffee giant as one of the top employers in the…
Vietcombank Remittance was honored as “Remittance Company of the Year – Vietnam” for the third consecutive time by Asian Banking & Finance on Dec. 24. This achievement affirms the quality of services and the growth of Vietcombank Remittance, recognizing the…
Thai employees’ average salary is expected to rise by 5% in 2025, maintaining the same growth rate as this year, according to a recent survey. Key factors that affect salary hikes are performances of individuals and organizations, salary range and the…
The median income difference between women and men working in Singapore was 14.3% last year, down from 16.3% in 2018, according to the Ministry of Manpower’s study. Differences in occupation between men and women remained the key factor influencing the gender…
Almost half of the fresh university graduates expect a monthly salary of VND10-15 million ($435-650), but most employers are only willing to pay VND6-10 million, a survey has found. The survey by headhunting agency Adecco Vietnam said over 43 percent want a…
Expat packages have taken a hit as a result of lower cost of benefits and a dip in salaries. The average pay package for a mid-level expatriate in Singapore fell by $7,284 a year, and now stands at $225,171 annually – the 17th highest in the world, ECA…
Honda Motorcycle and Scooter India has initiated a voluntary retirement scheme (VRS) for the company’s permanent employees. The decision comes in the middle of challenging market conditions and a downturn in the Indian economy, although the automotive…
A recent survey by French market research firm Ipsos has found 61 percent of respondents expecting their earnings to improve in the next six months. However, the survey also found 15 percent fearing a further decline in their incomes during the same period.…
Beaurepaires Australia revealed this week that around 3700 current and former employees were underpaid or overpaid due to a payroll error stretching back to 2010. Back payments to the affected staff are expected to cost the business approximately $1.8…
The minimum wage increase announced by the government last December is set to kick in on April 1. Starting Monday, the adult minimum wage will rise from the current rate of $16.50 per hour to $17.70 per hour. This means that businesses that have adult…
GM Korea’s union is planning to request further government support for employees who took unpaid leave after the shutdown of the Gunsan manufacturing plant last year. The decision, outlined in a follow-up document detailing a GM Korea union meeting held on…
With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses. The banking sector’s overall profit before tax increased by 40 percent year-on-year, according to the National Financial…
Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018. For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of…
