Employers in Singapore Hold Off Workforce Changes Amid Rising Energy Costs
A recent poll conducted by the Singapore National Employers Federation (SNEF) reveals that a significant majority of employers, 83 percent, have not made workforce or workplace changes in response to increasing energy prices. The survey, which gathered responses from 210 companies across various sectors including manufacturing, services, and construction, indicates that most employers are opting for operational adjustments rather than measures directly affecting employees. Among the companies that have implemented changes, two-thirds have frozen hiring or delayed expansion plans, while a quarter have reduced bonuses, allowances, or benefits. Other strategies include reducing work hours, overtime, or shifts, redeploying staff, cross-training, and reducing headcount through natural attrition. 
