Which employers are the most sought after globally?

best companies in the world to work for

LinkedIn took a look at a huge amount of data and activity of its members, to see which companies are the most sought after in the world.

These companies offer employees two main things: Opportunity and Excitement. The top ranked companies enhance careers and have an energized/strong culture.

However, they may not be the best places to work at on a day-to-day basis, as evidenced by Amazon at 5th place, even though it is known to be a relentless and all-consuming place to work at.

Before we dive into the rankings, here are a few observations:

  1. The top companies in the ranking are made up of an unusually large number of tech firms.
  2. Founders are leading many of the top firms.
  3. Consumer facing and popular brands are sought after.
  4. There is no correlation between a firm’s size and its appeal to candidates.
  5. Many of the top companies provide very generous benefits to their employees.

best ranked companies in the world

You can take a look at the entire ranking of 40 companies, along with some commentary, here.

How part time jobs are changing in Asia

part time employment asia singapore

Page Personnel asked firms and employees in Asia, to provide their experience and thoughts on developments in the temporary/part-time employment market.

The main findings are:

  1. Part time employees have a higher level or specialization and education.
  2. The number of years of experience is increasingly valued by employers.
  3. Temporary employees are being hired in all areas of business and are performing more varied roles.
  4. Part time work is more autonomous, with employers expecting self-reliance and lesser need for close supervision.
  5. Employers are investing more time and money, towards training part time employees.

Take a look at this infographic and video for more highlights.

temporary and part time jobs in asia

First robot receptionist starts work in Singapore

first robot receptionist in singapore

Nadine was created at Nanyang Technological University (NTU) in Singapore, by a team led by Professor Nadia Thalmann, at the Institute of Media Innovation.

She will start work this Saturday as a receptionist at NTU and some of her capabilities include:

  • Having a distinct personality.
  • Making eye contact.
  • Recognizing people she meets and recalling previous conversations.
  • Expressing moods and emotions.
  • Grasping things quickly and acting as per the needs of the situation.
  • Working for extended hours efficiently.

As a receptionist, “she can say goodbye and good morning, and keep a list of what to do. She will take documents we hand to her, read them and, being a computer, keep it filed. She will do it perfectly, and better than a standard receptionist,” said Nadia.

While the technology still has a lot of scope for improvement and development, the goal is for robots such as Nadine, to help meet manpower requirements in areas like admin and healthcare.

Here’s a video of Nadine interacting with Professor Thalmann.

These are the most expensive Asian cities to live in

cost of living in asia

Mercer released their global cost of living ranking for 2016, which compares the cost of a basket of goods and services that are usually used by expatriates. This includes items such as housing, clothing and food.

Hong Kong was at the top of the rankings again and is the most expensive city for expats in the world.

Five of the top 10 cities are in Asia, including:

  • Singapore (4th)
  • Tokyo (5th)
  • Shanghai (7th)
  • Beijing (10th)

“Many Asian cities remain amongst the world’s most expensive places to deploy expatriates. However, this has not hindered companies from relocating talent here, as the region continues to offer growth potential and the demand for top talent remains high.” – said Mario Ferraro (Head of Global Mobility in Asia, Middle East, Africa and Turkey).

most expensive cities in the world

New guidelines for notice-period and benefits for contract employees in Singapore

singapore temporary part time contract jobs

The National Trades Union Congress (NTUC), Singapore National Employers Federation (SNEF) and Ministry of Manpower (MOM) released their guidelines for leave benefits and contract renewal, for term contract employees in Singapore.

Term contract employees are people who have fixed-term employment contracts, that will end on the date specified in the contract, unless the employment contract is renewed.

Out of the resident work population, 11.3% are contract employees.

Under the guidelines, term contract employees:

  • Must receive advance and sufficient notice if their employment contract will not be renewed.
  • Are entitled to leave benefits if they are employed with the same company for more than 3 months.
  • Could be eligible for prorated sick leave, child care leave and annual leave, depending on the duration of the contract.

For more information and details on the guidelines go here.

NUS and HKU retain position as top universities in Asia (2016)

best universities in asia 2016 ranking

NUS (National University of Singapore) retained the top spot as Asia’s best university, in the QS University Rankings: Asia 2016.

The rest of the top 5 positions were taken by University of Hong Kong (HKU), Nanyang Technological University (NTU), The Hong Kong University of Science and Technology (HKUST) and Tsinghua University.

2016 2015 Institution Country/Territory
1 1 National University of Singapore (NUS) Singapore
2 2 University of Hong Kong (HKU) Hong Kong
3 4 Nanyang Technological University (NTU) Singapore
4 5 The Hong Kong University of Science and Technology (HKUST) Hong Kong
5 11 Tsinghua University China
6 3 KAIST – Korea Advanced Institute of Science and Technology South Korea
7 9 City University of Hong Kong Hong Kong
8 6 The Chinese University of Hong Kong (CUHK) Hong Kong
9 7 Peking University China
10 8 Seoul National University (SNU) South Korea
11 16 Fudan University China
12 10 Pohang University of Science and Technology (POSTECH) South Korea
13 12 The University of Tokyo Japan
14 15 Tokyo Institute of Technology Japan
15 14 Kyoto University Japan
16 19 Korea University South Korea
17 13 Osaka University Japan
18 18 Yonsei University South Korea
19 17 Sungkyunkwan University South Korea
20 20 Tohoku University Japan

Gunit Chadha stepping down from position as Deutsche Bank APAC CEO

gunit chadha resigns ceo deutsche bank

The Asia Pacific CEO for Deutsche Bank, Gunit Chadha, will be stepping down from his post.

The exit will be effective on 17 July 2016.

Mr. Chadha took on the role of co-CEO for the bank in 2012, along with Alan Cloete. Alan left Deutsche in 2015, after which Gunit has been steering the ship on his own.

Previously Gunit was the CEO of IDBI Bank in India (2000 to 2003) and was appointed as CEO for Deutsche Bank India in 2003.

The successor for Mr. Chada has not been announced, as of now.

“In the last four years, I am privileged to have had a myriad of experiences across 16 countries in the region that have impacted my professional life in most memorable and meaningful ways. I look back with deep pride in leading a worldclass team and a solid client franchise, which delivered sustainable performance across the Asia Pacific region. I thank my colleagues for their strong partnership and support,” Gunit said in a statement.

Deutsche Bank has seen movement in it’s senior ranks in various locations around the globe, as efforts continue to improve performance and revenue.

Employees in Asia are worried about their finances

worried about finances money China, Australia, India, Japan, the Philippines and South Korea

Over 40% of employees in Asia, are regularly worried about their future financial situation, as per a report by Willis Towers Watson.

The survey involved around 9,000 employees in Asia-Pacific and the countries included are China, Australia, India, Japan, the Philippines and South Korea.

1 in 4 people in Asia stated that financial concerns are negatively impacting their lives, leading to:

  • High stress levels.
  • Lower productivity at work.
  • Lack of engagement at work.
  • Absenteeism.
  • Lower job satisfaction.

All of this can take it’s toll on a person’s personal life, as well as their career.

“Employers are in an excellent position to help employees achieve retirement and financial security as well as reinforce good personal financial habits. The first step is to know your workforce — understand different segments, their needs and priorities. From there, employers can design an optimal benefits programme that engages employees, is personalised to their needs, and meets their financial goals both in the short and long term.” – Andrew Heard, Head of Retirement — APAC Willis Towers Watson.

employees in asia worried about personal finances

Asian cities with the worst work life balance

work life balance in hong kong, indonesia, thailand, india, asia

Expert Market, the online B2B marketplace, looked at 71 business hubs and cities around the world, to get a sense of which places provided the best/worst work life balance.

Many of the Asia cities did not fare too well on this measure.

In fact, 6 out of the 10 worst cities in the world, from a work life balance perspective, are in Asia. Hong Kong took the spot for the city with the worst work life balance, followed by Mumbai.

City Average Annual Working Hours Average Annual Vacation Days
Bogotá 2,096.30 15
Jakarta 2,101.80 12
Taipei 2,140.60 12.9
Nairobi 2,184.10 22.3
Dubai 2,186.10 30
Bangkok 2,191.30 8.8
New Delhi 2,214.10 26
Mexico City 2,260.90 17.3
Mumbai (Bombay) 2,276.60 21.4
Hong Kong 2606 17.2

In case you’re wondering, here are the cities with the best work life balance globally. All the cities in the top 10 are in Europe.

City Average Annual Working Hours Average Annual Vacation Days
Paris 1,603.80 29.3
Lyon 1,630.60 28.5
Moscow 1,646.50 30.9
Helsinki 1,659.20 28.8
Vienna 1,678.20 27
Milan 1,691.20 25.5
Copenhagen 1,697.50 25
Luxembourg 1,702.90 31.9
Vilnius 1,716.20 30.4
Brussels 1,717.10 18

Singaporean lifestyle and health : Room to improve

singaporeans health lifestyle work

As per the AIA Healthy Living Index 2016, Singapore ranks 9th out of the 15 countries in Asia Pacific.

Results for Hong Kong , which came in last, were also released recently.

The key points from the survey for Singapore, are that people in the country are:

  1. Spending too much time on screen (3.7 hours of non-work usage).
  2. The most sleep deprived in the region.
  3. Not getting enough exercise time.
  4. Influencing their children towards having the same unhealthy habits.
  5. Increasingly using technology to improve their lifestyle and health.

singaporeans health lifestyle work

singapore health work asia

Healthy living/working : Hong Kong in last place out of 15 countries in APAC

hong kong healthy living index

An AIA Group commissioned study queried more than 600 adults in Hong Kong about their lifestyle and work/life balance.

Overall, the study was conducted across 15 Asia Pacific countries and numbered over 10,000 people. Some of the countries involved, include China, Singapore, Malaysia, Thailand, Korea, India, Indonesia, the Philippines, Vietnam, Australia, New Zealand and Sri Lanka.

Factors considered in the study included sleep deficit and stress level comparisons.

Tired workers

Hong Kong’s working population isn’t sleeping enough.

Based on a healthy average of eight hours per night, they averaged only 6.5 hours of sleep. The 1.5 hour sleep deficit is the highest of the 15 APAC countries surveyed.

It’s not like Hong Kongers don’t want a healthy amount of sleep, but it seems other factors in their lives are making it difficult.

Internet addiction

Surprisingly, the largest contributor to sleep deficit numbers for Hong Kongers is the amount of non-work time they spend on the internet.

On average they spend 3.7 hours of their time either on smartphones or other electronic devices. 64% of adults in Hong Kong admit to internet addiction.

Their time spent on the internet contributes to negative behaviors, in addition to lack of sleep. Diminished exercise time, poor posture and poor eating habits all result from the distraction of internet addiction.

Aside from a lack of sleep, internet addiction, not enough exercise, and poor eating habits, what else bedevils Hong Kong’s working adults?

Off-hours work expectations

Not only are Hong Kongers dealing with all the above dilemmas, roughly 70 percent are expected to be available for work calls/matters outside of office hours.

Working during off hours can be bad enough, but only 16 percent of those workers felt they had the tools necessary to competently/effectively accomplish their work tasks done during this time.

The results: High Stress levels

Tired, distracted, out-of-shape, overworked, under-equipped.

People with these symptoms are at a risk for high stress levels.

Not surprisingly, workers in Hong Kong rank the highest when it comes to stress. Of the APAC nations, Hong Kong rated 6.7 (out of 10). Other APAC countries averaged 6.2.

Such high stress levels can only make for disgruntled and inefficient workers. High stress can also lead to numerous other health issues such as depression, heart disease, cancer, and stroke.

As the study shows, health conditions for Hong Kong’s workers are not improving. They are deteriorating. Finding a solution to this dilemma will benefit business and worker alike.

Insights into the HR industry in Singapore and Hong Kong

hr trends in asia 2016

Elliot Scott, an HR recruitment firm, provided the results of their survey, which has some insights into the HR function in Singapore and Hong Kong.

The results provide information on issues such as:

  • The glass ceiling for women in HR.
  • Roadblocks for older employees.
  • How long HR professionals stay in a role.
  • Top challenges facing the industry.
  • Salary increases and bonus levels.
  • Amount of annual leave.
  • Trends in benefits and allowances.
  • Engagement levels.

Singapore HR Industry Insights 2016

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Singapore HR Industry Insights 2016_Page_2

Hong Kong HR Industry Insights 2016

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