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☆ Singapore's gig workers are its most financially stretched group, DBS study says
▼ + stars: | 2023-07-14 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +1 min

A DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year on year to an "unhealthy range." High inflation and interest rates have diminished the purchasing power of Singaporeans — and gig workers and low-income individuals are the most affected. That's according to a new DBS study conducted in May 2023, which analyzed its database of about 1.2 million customers. In Singapore, gig workers are generally self-employed. The expense-to-income ratio of gig workers was 112% in May 2023 — "significantly higher" than the median customer's 57%, DBS said.

Persons: — Organizations: DBS, Central Provident Fund Locations: Singapore

☆ More tech workers in India are moonlighting — despite their bosses’ disapproval
▼ + stars: | 2023-07-12 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

There are a range of reasons that are driving IT professionals to engage in moonlighting, according to Indeed India. Abhishek Software engineerBut his bosses are not aware of his plans, nor has he told them he is moonlighting. 'The root cause is the money'There are a number of reasons driving IT professionals to engage in moonlighting, according to Indeed India. Where employers disagreeHere's where employers disagree: moonlighting goes against the sense of loyalty a company wishes to instill into employees. IT services giant Wipro for example, fired 300 employees last year for allegedly "working for rival companies," according to local reports.

Persons: Sashi Kumar, Abhishek, he's, HackerRank, —, Moonlighting, Kumar, moonlighting, Indeed's Kumar, Viswanath Organizations: CNBC, India, Wipro, Infosys — Locations: India, Bangalore, U.S

☆ A 'nice' workplace culture may be more toxic than you think, says this NYU professor
▼ + stars: | 2023-07-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Most would agree that a toxic workplace is disrespectful, non-inclusive, unethical or abusive. The opposite of toxicity however, isn't rainbows and sunshine — but a safe space for critical feedback and conversations, said Tessa West. A toxic workplace culture was one of the biggest culprits behind the Great Resignation — which saw droves of workers leaving their jobs or switching careers during the post-pandemic era. Most would agree that a workplace is toxic when it is disrespectful, non-inclusive, unethical, cutthroat or abusive. The opposite of toxicity however, isn't rainbows and sunshine — but a safe space for critical feedback and conversations, said West.

Persons: Tessa West, we've, Wharton, Adam Grant, Grant, West Organizations: NYU, CNBC

☆ Zoom is 'extremely optimistic' about growth in Asia-Pacific despite weaker outlook
▼ + stars: | 2023-07-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +2 min

watch nowZoom is "doubling down" on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company on Friday. We made a strong commitment about two years ago to really turn on the speed and step on the gas," Abe Smith, Zoom's head of international, told "Squawk Box Asia." watch nowHowever, Smith said Zoom is "extremely optimistic" about the growth of its phone product in Asia Pacific. Zoom's A.I. Zoom's big bet on AI also includes an investment in Anthropic, an AI safety and research company, back in May.

Persons: Abe Smith, Zoom's, Smith Organizations: Microsoft Locations: Asia, Pacific, Singapore, India, Chennai, Bangalore, Asia Pacific, Anthropic

☆ ‘Be prepared for the worst’: Here are 4 tips on surviving long job interviews — and how to ace them
▼ + stars: | 2023-07-05 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Economic uncertainty has resulted in not just layoffs and hiring freezes — job interviews are also getting longer. Richard Lambert Resume and workplace expertAs long interviews become more commonplace, job seekers need to adapt to this process of jumping through more hoops. Here are four tips for long interview processes — and nailing them:1. Clarify expectationsLong job interviews can be frustrating, but that can be managed if you first seek clarity on the road ahead. "Even if you are far down the interview process for a role you should always be looking for other roles.

Persons: Richard Lambert, I've, " Lambert, They're, Lambert, Steven Leitch, Leitch, Samaraweera Organizations: Research, CNBC

☆ Job interviews are getting longer — here’s why it could be a red flag
▼ + stars: | 2023-06-30 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Experts that CNBC Make It spoke to said they've observed a "significant increase" in the number of job seekers facing an extended interview process over the past year. That makes a total of 9 interviews, for a job that 32-year-old Ayomi Samaraweera said she did not eventually get. But the growing phenomenon of lengthy interviews reflects the highly competitive nature of the current job market, he added. "That's why recruiters are haphazardly adding steps to the interview process and it's a terrible candidate experience." "How a company presents itself during the interview process is very telling about the company culture as a whole," she added.

Persons: they've, That's, Samaraweera, Steven Leitch, Josh Bersin, Jim Sykes, Leitch, Richard Lambert, Amy Zimmerman, Monica Revuelta Organizations: CNBC, Josh Bersin Company, AMS, Jim Sykes Global

☆ 1 in 5 employees are ‘loud quitting.’ Here’s why it’s worse than 'quiet quitting'
▼ + stars: | 2023-06-28 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

While quiet quitting is often regarded as a personal rejection of the hustle culture, some workers are no longer keeping discontentment on the down-low — instead, they are engaging in "loud quitting." Almost 1 in 5, or 18%, of global employees are loudly quitting or actively disengaged, according to a new report from Gallup of more than 120,000 global employees. What loud quitting means for companiesLoud quitting can signal "major risks" in an organization that should not be ignored, Gallup said. Quiet or loud quitting employees would also switch jobs for less pay, compared to engaged employees who require a 31% pay increase to consider a job switch, according to Gallup's analysis. "Quiet quitting employees are your organization's low-hanging fruit for productivity gains.

Persons: Gallup Organizations: Gallup, Gallup State

☆ Most employees say their well-being has worsened or stayed the same — but their bosses disagree: new survey
▼ + stars: | 2023-06-26 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Many employees are still struggling with low levels of well-being — with most of them saying that their health worsened or stayed the same last year, according to a survey from Deloitte and Workplace Intelligence. A new report highlights that leaders do not have "a firm grasp" of their employees' well-being. The C-suite is so focused on the macro picture of their organizations, that it's difficult for them to see the macro picture of their employees' well-being. Dan Schawbel Managing partner, Workplace Intelligence"This shows that executives are disconnected from the reality of the workforce," Dan Schawbel, managing partner at Workplace Intelligence told CNBC. Managers play a pivotal role in improving well-being, as they "interface directly" with employees on a daily basis, said Schawbel.

Persons: Dan Schawbel, there's, Schawbel Organizations: Deloitte, Workplace Intelligence, CNBC

☆ Vienna is the world's most livable city — again. Here are the other top spots
▼ + stars: | 2023-06-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Austria's Vienna has come up on top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Austria's Vienna has come up top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Copenhagen also retains its position as the second most livable city in the world, while Australian cities Sydney and Melbourne broke into the top five. Hong Kong also moved 13 places up the rank to 61st most livable city in the world. Decline in stability scoresWhile health-care, education, infrastructure, culture and entertainment scores saw improvements in the past year, stability saw a "marginal decline," said the EIU.

Persons: New Zealand's Wellington, CNBC's, EIU Organizations: Austria's, Economist Intelligence Unit, Melbourne, Germany's Locations: Austria's Vienna, Copenhagen, Sydney, Vienna, Austria, Denmark, Melbourne, Australia, Vancouver, Canada, Zurich, Switzerland, Calgary, Geneva, Toronto, Osaka, Japan, Auckland, New Zealand, Asia, Pacific, New Zealand's, Hong Kong, Western Europe, Germany's Frankfurt

☆ New York overtakes Hong Kong as the most expensive city in the world for expats, new survey shows
▼ + stars: | 2023-06-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Hong Kong has ended its four-year reign as the most expensive city globally for expatriates, according to a survey — as New York surpasses it to first place. Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. Hong Kong fell in our rankings as the increase in prices of day-to-day goods and services was tempered by falls in accommodation costs in the city. Lee Quane ECA InternationalStill, Hong Kong retained its position as the most expensive location in Asia. Reports suggest residents of Hong Kong left the city in droves last year — due to Covid-19 restrictions and what they see as an erosion of democratic norms.

Persons: —, Lee Quane Organizations: New, ECA, assignees, Lee, Asia, U.S . Federal, Urban Land Institute, ULI, Asia Pacific Centre for Housing, U.S ., San Locations: Hong Kong, New York, Asia, Singapore, Asia Pacific, Asia Hong Kong Singapore Seoul Tokyo Shanghai Guangzhou Shenzhen Beijing Taipei Yokohama, Shanghai, Guangzhou, Tokyo, Japan, York, U.S, San Francisco

☆ ‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’
▼ + stars: | 2023-06-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Such a switch from a white-collar job to "qing ti li huo" (or "light labor" in Chinese) is gaining popularity among younger people in the country. It was only in hindsight that Wang realized she never "personally wanted" to pursue her major, or be in a white-collar job. "I looked back and I realized it was because my parents told me to choose it, people told me that with this major I'd have a really, really great future," Wang said. She earned about 12,000 Chinese yuan ($1,700) a month in her white-collar job. But what may be priceless to her is the self-discovery Wang said she's been able to experience after walking away from her white-collar job.

Persons: Eunice Wang, I'd, Wang, Jia, they're, Jia Miao, Wu Xiaogang, Wu, That's, xiao bai, Miao, Eunice Wang Barista, Wu —, she's Organizations: NYU Shanghai, New York University Shanghai, CNBC, NYU Locations: China, Beijing, United States

☆ This couple bootstrapped their way to a multimillion-dollar business. Here are their top tips for success
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

The duo shared three tips with CNBC Make It on how to run a successful business — in good and bad times. Putting customers firstWhen it comes to building a successful business, Hamilton has one guiding principle: you have to make products that people love. She launched the hair masque in 2018 when she saw a "mid-tier space" in hair care products that had yet to be filled — products of salon-grade quality, but at an affordable price. When people love one product, you can convert product love to brand love. "When people love one product, you can convert product love to brand love," Ostrowski shared.

Persons: Emily Hamilton, Alexander Ostrowski, Coco, Tik, Ostrowski, Emily, Hamilton, Emily Hamilton Co, they're, —, it's, Alexander Ostrowski Co, there's, I've Organizations: CNBC, Hamilton, Eve, Coco Locations: Bali, Singapore, Covid

☆ Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Tobiasjo | E+ | Getty ImagesSingapore's private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Private rental homes in Singapore also had the highest monthly rent in the region at $2,600 — "far exceeding" other cities such as Sydney, Melbourne and Hong Kong, according to the report. Hong Kong vs. SingaporeHome prices in Hong Kong "dropped substantially" in 2022, ULI said, citing the significant increase in mortgage interest rates as Hong Kong keeps pace with the U.S. Federal Reserve. Rental pricesSingapore's private rental homes have the highest monthly rent in the region, having increased by nearly 30% in 2022. Home attainabilityDespite Singapore's private homes being the most expensive in the region, the city state also has the highest homeownership rate at 89.3%.

Persons: ULI, Hong, Kong's, David Faulkner, homeownership, Ho Organizations: Yacht, Urban Land Institute, ULI, Asia Pacific Centre for Housing, Singapore, U.S . Federal, Hong Kong, Sydney, Melbourne, Urban Land Institute Asia Pacific Centre, Housing, Hong, Housing Private, CNBC, Housing Development Board, Board Locations: Singapore, Keppel, Asia, Pacific, Hong Kong, Sydney, Melbourne, U.S, Shenzhen, Beijing, Brisbane, Covid, Australia, China, Ho Chi Minh, Vietnam, Da Nang

☆ Workers want to embrace A.I. — but only 1 in 10 say their jobs involve related skills, Salesforce says
▼ + stars: | 2023-05-19 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Even as companies make hefty investments into AI, most workers have yet to use AI — with "only 1 in 10" globally saying their day-to-day role currently involves AI skills, said Salesforce. Skills leaders wantPeople leaders said "data security skills, ethical AI and automation skills, and programming skills" will become increasingly important in the workplace, according to Salesforce. Only 14% say their role involves other related digital skills such as encryption and cybersecurity, and 13% claim to use coding and app development skills. "But even for this industry, less than a third of employees use AI skills within their role today," Salesforce added. As for Singapore, the industry that ranked highest for the application of AI skills was manufacturing — even though only 21% say they use AI skills within their role.

☆ ‘Benefits outweigh the harm’: Worried about their livelihood, small business owners push back on potential TikTok ban
▼ + stars: | 2023-05-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

A potential TikTok ban has raised concerns among small business owners on TikTok, who have found success and built sizable audiences without having to pay for marketing. When Aparna Singh first heard about a potential TikTok ban, she "immediately went into panic mode." Concerned about a potential ban of TikTok, small business owners told CNBC Make It why they think the short-video app should stay. Despite the security concerns, small business owners have expressed frustration over the possibilities of a complete ban. Let your followers know where they can find you if the ban is approved," Powers advised other small business owners on TikTok.

☆ Want to buy a cheap house in rural Japan? This millennial farmer offers his advice
▼ + stars: | 2023-05-12 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

Life on a farm is "very, very busy," says Lee Xian Jie, who harvests his own rice and tea. said Lee Xian Jie, who restored three buildings in Ryujin-mura, a village in Japan's Wakayama prefecture. On the same property is a 100-year-old building, which Lee Xian Jie converted into a guesthouse. Lee Xian JieAnother $37,000 was spent to turn the main house into a living space for himself and a functional cafe. While it will only open in June, Lee Xian Jie said he's already been getting some bookings.

☆ Here are the top skills you will need for an 'A.I.-powered future,' according to new Microsoft data
▼ + stars: | 2023-05-09 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future, said Microsoft. Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future. AI skill sets leaders think employees will needAccording to Microsoft, 82% of leaders globally and 85% of leaders in Asia Pacific said employees will need new skills in an "AI-powered future." The report found that the three top skills that leaders believe are essential are analytical judgment, flexibility and emotional intelligence. These are skills that are "new core competencies," added Microsoft, not just for technical roles or AI experts.

☆ This digital nomad worked in 20 countries in 5 years. Here are her best money tips
▼ + stars: | 2023-05-04 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

Daniella Pashuk decided to be a digital nomad 5 years ago, even before the pandemic when she was just 19. But Daniella Pashuk became a digital nomad five years ago, well before the pandemic when she was just 19. "I got to be wherever I want to be and do whatever I want to do in different countries. Daniella Pashuk digital nomadNow 24, Pashuk has traveled to over 20 countries in five years. Daniella Pashuk Digital nomad

☆ Most people aren't honest in exit interviews — the default is bull----, says NYU professor
▼ + stars: | 2023-05-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

"There is a strong norm against clear honest and critical feedback in most organizations," said Tessa West, a professor of psychology at NYU. "The default isn't honest feedback, the default is bullsh*t."Found a new job? "There is a strong norm against clear honest and critical feedback in most organizations," said Tessa West, a professor of psychology at NYU. "The default isn't honest feedback. Tessa West professor of psychology, NYU"That takes months and months of practice and daily feedback conversations to build that muscle.

☆ Here are the top 25 companies to work for in India, according to LinkedIn — and most of them are not in tech
▼ + stars: | 2023-04-26 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +1 min

LinkedIn has released its annual list of top companies in India to work for and "a vast majority" of them are in either financial services or banking. According to the professional networking platform, 10 out of 25 companies are from that space this year — a shift from last year's list which was dominated by tech companies. "In India, the accounting and financial services sector witnessed a significant growth during the pandemic," said Pooja Chhabria, LinkedIn career expert and head of editorial for APAC. India's "LinkedIn Top Companies 2023″ list also saw 17 companies making their debut — an indication of "strong momentum" in the country's business ecosystem, Chhabria said. One of such companies is Zepto, which was also part of the "LinkedIn Top Startups list" last year — a testament to its "significant scale and growth," LinkedIn added.

☆ Watching YouTube at work? Your manager may know
▼ + stars: | 2023-04-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +1 min

Does your manager know that you are watching this video now? But as companies grapple with rising costs and shrinking budgets, some employers want to be sure their employees are as productive as possible. While employee monitoring software can see everything on one's desktop in real-time — keystrokes, browsing activity, emails, and chat apps — some may be taking surveillance to the extreme. What are the implications if employee surveillance becomes the new norm? Watch the video above to learn why surveillance may backfire on companies, whether existing laws are enough to protect workers' privacy – and how one young employee is fighting back.

☆ Employee surveillance is on the rise — and that could backfire on employers
▼ + stars: | 2023-04-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

[Employee surveillance] has increased excessively over the last few years … largely under the guise of ensuring workplace safety and confidentiality and protecting the business. It therefore comes as no surprise that demand for employee monitoring software has skyrocketed since the pandemic. Veriato is one of many employee monitoring software companies worldwide whose sales boomed because of the pandemic. When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid? "When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid?

☆ Here are the top 15 companies to work for in Singapore, according to LinkedIn — most are new on the list
▼ + stars: | 2023-04-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

The list of top companies in Singapore sees a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to LinkedIn. LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to the professional networking platform. The banking and finance sector in particular, saw 4 companies in the top 5 on the "LinkedIn Top Companies 2023″ for Singapore. It provides financial products and banking services to individuals, corporations, governments, investors and institutions.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ Think it's too late to switch jobs? Tell that to 'Asia's best female chef'
▼ + stars: | 2023-04-05 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Johanne Siy is head chef at one of Singapore's premier dining destinations, Lolla — where Asian-inspired modern European flavors dominate the menu. Ten years on, Siy is now head chef at one of Singapore's premier dining destinations, Lolla — where Asian-inspired modern European flavors dominate the menu. Just last week, she was named "Asia's Best Female Chef" at Asia's 50 Best Restaurants 2023 — the first Singapore-based chef to win. Johanne Siy Chef, Lolla"I was just so excited to be in the kitchen. She then built up an impressive resume with stints in New York, Sweden and Denmark before stepping into the role of head chef at Lolla.

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