Changes to Singapore’s Work Injury Compensation Act in 2020 – What you need to know

In September 2019, Singapore passed a new Work Injury Compensation Act (WICA) which became active from the beginning of 2020. Singapore’s WICA aims to enhance protection measures for workers in Singapore by placing stricter requirements on both businesses and insurers. Naturally, this leads to an increased compliance burden for businesses and insurers in the Lion …

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Non-monetary employee benefits: What are the advantages of a good workplace design?

As an employer, you offer competitive salaries, effective management, a fun culture, pleasant rewards, interesting incentives, and overly generous work benefits. You believe in flexible working hours, issuing business leaves, extensive learning and development, and attractive retirement pension schemes. However, you have come to notice a lack of employee engagement within the workforce. As you …

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Business travel trends around the world in 2020

As the year 2020 approaches, the business travel industry continues to grow exponentially, with experts predicting that global business travel spend will reach USD $1.7 trillion by 2020. There are many significant, fast-paced changes coming up in 2020 including the rise of corporate millennial travelers and the revolutionary impact of technology like artificial intelligence and …

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What types of business insurance solutions are legally necessary in Singapore?

Business insurance is often thought of as just another regulatory requirement, however, it does more than protect you and your business. It also protects your employees, your distributors, and even your customers from potential threats. Imagine the consequences if you’re not insured and your place of business has a fire or an employee gets injured …

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Rates of employee burnout in Singapore among the highest in the world

A survey released by Cigna in March 2019, shows that Singaporeans are among the most stressed at work globally, with almost one in eight considering their stress unmanageable. In Singapore, work is a leading cause of rising stress levels, especially with the ‘always on’ corporate culture, particularly among women, the study suggests. Another study revealed that …

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