Asia Employment Pensions and Incentives update: October 2024

Our e-bulletin this month starts with a look at Singapore and the upcoming enhancements to paternity leave and shared parental leave and the new temporary financial support scheme for involuntarily unemployed individuals. Click here for a summary of the upcoming measures, which will come into effect on 1 April 2025. 

Over in Mainland China, we take a look at:

• the latest local municipal average salary data for employees in Beijing, Shanghai, Guangzhou and Shenzhen and the impact that it will have on employee management. Click here for more details.
• the new retirement policy that was recently released on 13 September 2024. Click here to see a summary of the key points and implications of the new policy, which is set to take effect on 1 January 2025.

Next, our Asia Comparative article this month looks at employers' obligations relating to employee time and attendance records across Singapore, Malaysia, Hong Kong and the Philippines. Click here to compare the rules.

Finally, don't forget to check out this month's Compliance Check, which considers the obligations regarding overtime and night shift differential pay in the Philippines, including whether employees who are "on standby" or "on call" are entitled to overtime and night shift differential pay. Click here to make sure your company is compliant.

Fatim Jumabhoy
Managing Partner, Singapore
Head of Employment, Pensions & Incentives, Asia