This should not be a surprise – there are HR roles that are routine and mundane. These are at high risk of being automated and replaced by machines. In fact, this has already happened in some organisations. It could happen even before 5 yrs.
Tag: Finance
Legal issues with remote working
Services have been delivered remotely for some time. Outsourcing of business processes such as backroom functions & call centres have been channeled to lower costs countries. Even software development has been delivered this way. So remote working is not new. It has only been made more pronounced as a result of travel suspension and lockdowns. This article highlights some of the legal issues associated with remote working. They are not un-surmountable.
4 mega trends shaping the boardroom
This is a sound reminder of the trends that’s occupying the minds of most leaders – reduction of carbon footprint, IT-enablement & transformation, Worklife integration & being connected to society. This article by Max Loh has put it so well.
Singapore gained 3 billionaires amidst the COVID-19 pandemic
When people are losing jobs and businesses are closing, Singapore gained 3 billionaires and China’s super rich got $2 trillion richer.
Most of them experienced increase in financial nett worth because the stocks they owned grew in value because of sudden demand during the pandemic. Some of them also invested in under-valued stocks that surged when the upturn happened. Check the details in these articles.
First person to cross US$200B in financial nett worth
Jeff Bezos of Amazon because the first person in history whose financial nett worth crossed US$200B. And it happened in Q3 of 2020 in the midst of the COVID-19 pandemic where tech stocks saw a boom due to increased e-commerce and online activities.
Meanwhile, the wealth of French luxury brand LVMH’s titan also crossed US$100M. It seems like a case of the rich getting richer since they have the reserve to invest in under-valued stocks that rose when the markets turned around.
The value of values in economic growth
When countries pursue economic growth at all costs, they will soon find themselves “without a soul”. Hence, I find this article so appropriately put – the value of values in economic growth. When economic growth is experienced embracing values, the social fabric of the country remains strong. The same will be true for companies. Growth should never be at the expense of values. Check out this article.
Singapore signs FTA with UK
Singapore is an open economy and highly reliant on International trade for economic survival. Hence, such FTAs are certainly welcomed. This FTA with the UK will be the first after Brexit and certainly important for access to the UK market.
What a 2020 for Singapore’s economy
202- was a watershed year for Singapore’s economy. We saw the worst recession since 1965. Demand for goods and services plunged due to the COVID-19 pandemic. We are seeing recovery. But it is going to be a long journey as you can see in the infographic below.
America’s zombie companies have >US$2.6B debt
They call them zombie companies – where their earnings are not even able to cover their interest expenses. And brand names like Boeing, Delta airlines, ExxonMobil and Macy have joined the ranks. Is this a sign that the US economy is on the verge of a big collapse and potentially causing severe ripples to the rest of the world economies?
How COVID-19 rattled the job market
This is a good infographic that summarises how COVID-19 rattled the job market in Singapore, job losses, retrenchment and vacancies.
SilverBullets 