All in a day's work
Is there a marked trend of contract employment in Singapore? What are the pros and cons of contract hiring, and how should the benefits for contract employees be packaged vis- a-vis perks for permanent staff?
Saw Ken Wye
CEO
CrimsonLogic Pte Ltd
HOW work evolves is going to be part of the new normal. Just as cloud computing has come into the fore as enterprises realise that they need a flexible and scalable resource at affordable prices, the way we employ people will change. Having a good strategy for contract workers will allow an organisation to plan its workforce around projects and tasks it needs to accomplish. It caters for the peaks and troughs. A risk mitigation strategy needs to be in place to make sure that corporate insights and knowledge doesn't walk away with the contract worker when the contract is over.
Lim Soon Hock
Managing Director
Plan-B ICAG Pte Ltd
THOSE of us who have worked for multinational corporations (MNCs) will testify that contract hiring is an effective way to circumvent headcount freeze, minimise costs and above all, build flexibility in managing and regulating manpower needs. It is a regular feature of our manpower planning. Many, if not all, contract employees tend to be administrative or non-executive staff. But they all perform a useful role and contribute to the operational and …
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