5 flexi-work arrangement trends in Singapore
MOM: "Conditions of Employment" report
The latest report by MOM revealed that more employers in Singapore are providing ad-hoc flexible work arrangements and leave benefits to help employees cope with personal and family commitments.
The survey was held covering a total 3,800 companies that employed over 1.3 million employees and the result was announced on Nov 21.
Here are 5 key findings and trends from the report.
1. Unplanned time-off or remote work on an ad-hoc basis being approved by more firms
In 2016, 77% of firms surveyed provided unplanned time-off or remote work on ad-hoc basis for those who had to attend to personal matters. (Increased from 70% last year)
2. Part-time working style as formal flexible work arrangements
35% of survey participated companies answered that they offered such an arrangement. 23% of firms allowed staff to report earlier or later for work as flexi-time arrangements.
3. Firms becoming more generous with paid leave
45% of companies gave full-time employees at least 15 days of paid annual leave, an increase from 42% in 2016.
Another finding is that more employers are now offering leave benefits: compassionate leave (offered by 92% of employers), marriage leave (74%), study leave (40%), parental care leave (19%) and childcare leave (17%).
4. More employees on 5 days a week working environment
The proportion of full-time employees on a five-day work week rose from 46 per cent in 2014 to 48 per cent today. This also represents an increase from 43 per cent a decade ago.
5. More work-life benefits = lower resignation rates
Employees are less likely to quit companies that offered more formal flexi-work arrangements, a five-day work week and longer annual leave entitlements.
Fore more details, check the MOM website here.