Magenta Consulting Services

Not the best of time..

After laying off 70% employees, AI startup CEO Vishwa Nath Jha claims not able to go to the US to raise funding as employee stole passport with US visa - Times of India TECH NEWS : Deeptech startup Saarthi.ai faced significant issues last year, failing to pay overdue salaries and reducing its workforce by over 70%. The company al

Upbeat?

Singapore job outlook survey: Four industries are hiring strongly, low risk of layoffs in Q3 Singapore's Q3 job outlook survey presents an optimistic outlook for the job market: the economy expects to grow up to 3% to keep talent demand high in most industries.

Roaming in Malaysia?

https://www.opensignal.com/2023/08/11/analyzing-the-roaming-experience-of-singapore-users-in-malaysia #:~:text=Our%20M1%20users%20roam%20almost,Digi%2C%20U%20Mobile%20and%20Celcom.

May Lord bless the nation with endless happiness and prosperity! Happy Singapore National Day🥳🥳🥳

We're seeing the same over here...except for highly skilled (hard skills) positions..

Wages grew slower in 2023 than in 2022; slightly higher share of firms cut pay: MOM The highest increases in wage were seen in the accommodation and real estate services sectors. Read more at straitstimes.com.

So shorts are OK?

Many younger workers agree with them. Older workers may push back on new fashions not because of any practical reason, but because they feel threatened — changing office fashions are a very visible signal that a new generation is gaining ground.

Back in 1971, Harvard Business Review surveyed readers on how’d they’d respond to a “capable young manager in a financial services company” who suddenly sports “long sideburns” and “bell-bottom trousers.” Fully half said this hippie attire warranted a managerial sit-down, and another third said if his clothes irritated people he should “change his ways or begin hunting for another job.” That leaves fewer than 1 in 5 who said his groovy threads were purely his own business.

Shorts at the Office? Go for It As workplaces get more informal, some men are opting to show a little leg — and why not?

Hari Raya Haji, also known as “Eid al-Adha”, “Aidiladha” or “Hari Raya Qurban/Korban” is one of the biggest celebrations observed by Muslims around the world for the Feast of Sacrifice. It is a time where Muslims remember their faith with prayer and reflection and a sacrifice with their family and friends.

May we remember the spirit of giving during this blessed occasion. Have a great time celebrating with one another and Selamat Hari Raya Aidiladha!🥳🥳

Non-Resident Tax and Withholding in Singapore..
Just in case you need some advisory..

Income is taxable when it is 'sourced' from Singapore, whether or not the individual is resident in Singapore.

Income 'sourced' outside Singapore is only taxable if it is received in Singapore by a resident individual through a partnership in Singapore.

Resident individuals are entitled to certain personal reliefs and deductions, and are subject to graduated tax rates ranging from 0% to 24%.

Non-resident individuals are not entitled to any personal reliefs and deductions, and are subject to tax at a flat rate of 24%.

However, employment income of non-residents can be taxed at the higher of a flat rate of 15% or the graduated resident rates with personal reliefs. This does not apply to 'directors'.

*The withholding tax rate of 24% applies for income due and payable on or after 1 Jan 2023. If the income is due and payable between 1 Jan 2016 and 31 Dec 2022, the withholding tax rate on net income will be 22%.

The non-resident professional will not be subject to withholding tax on income attributable to services rendered wholly outside Singapore, even though his/her income may be paid by a company in Singapore.

https://www.iras.gov.sg/taxes/withholding-tax/payments-to-non-resident-professional-(consultant-trainer-coach-etc-)/tax-obligations-for-non-resident-professional #:~:text=15%25%20of%20the%20gross%20income,be%20taxed%20on%20net%20income).

Each day is a fresh start! You can start over, no matter how bad the past was. Happy Vesak Day!

Not sure whether this is largely reflective..
But I can see some reasons why this can be happening.. It's getting competitive here.
What do you think?

Nearly two in three workers in S’pore willing to move overseas for their jobs: Survey Australia is the most popular country, with other high-technology and nearby countries also high on the list. Read more at straitstimes.com.

Happy Labour Day!
Today, we celebrate the hard work and dedication of all workers.👷‍♂️👷‍♀️
Wishing you a happy and restful Labour Day, where you can take a break from your hard work and enjoy some well-deserved relaxation.
Cheers to all the workers out there! May this Labour Day be a celebration of your contribution to society.🥰

Really?
Or, just because our new PM is a 'musician'?

Commentary: An education in music makes for better employees, and it’s time recruiters tune in See the word “musician” on a resume and you might not immediately think “stellar employee” or “exceptional leader”. But is there more to the profession than meets the stereotype?

Useful for Sg Employers as well..

When do employees need to disclose their medical history? - HRM online While some might be reluctant to reveal their medical history, there are some cases where disclosure is needed for compliance and safety.

May the blessings of Allah fill your life with joy, happiness, and prosperity. Selamat Hari Raya!🥳🥳

Data Scientists?

Data scientists see largest pay growth in tech: Report The pay of software engineers dipped 0.99% in 2023 compared with an 11.3% surge for data scientists. Read more at straitstimes.com.

Our advice is still the same .. stay concise but let the strengths show with quantifiable performance indicators and allow the reader to believe that it will be productive to get in touch with you.

Your resume is probably too long Resumes stacked with buzzwords to get past automated systems are turning off recruiters. Read more at straitstimes.com.

Reasonably so right?

Non-compete clause not 'fair': Court dismisses injunctions against ex-MoneySmart employee who joined rival The case came about after the ex-employee started working as the head of engineering for a subsidiary of MoneyHero Limited - MoneySmart's rival.

Certainly useful for introductions especially in situations where one party cannot communicate effectively with the other (no mobile phones, noisy surroundings, different 1st languages, etc.).

Despite appearances, digital networking hasn’t killed the business card – yet Business cards might feel like a relic of a bygone era, but for people wanting to be remembered, they’ve a long way to go yet.

Happy Good Friday 🥳🥳May we remember what today is all about.

Do you do this?

More employers in Singapore inflating job titles with 'Manager' and 'Director', even for junior roles: poll Are inflated job titles a boon or a bane for employers in Singapore? Robert Walters' latest polls sheds light on this practice.

Tech layoffs mounting..

As tech layoffs mount, support groups on LinkedIn are helping workers find jobs “People will cross-post opportunities within the group that they believe others could benefit from, people in the group are keen to share opportunities for...

About time or just a little late?
More regulating measures coming..

Firms providing corporate services in S’pore to face tighter scrutiny under proposed law Firms’ failure to comply could see them and their senior management fined up to $100,000 per breach if convicted. Read more at straitstimes.com.

Not the best news...folks looking for job.

Hiring outlook declines for 2nd quarter in a row (function() { 'use strict';window.addEventListener('message', function(event){ if (typeof event.data['datawrapper-height'] !== 'undefined'){ for (var chartId in event.data['datawrapper-height']) {var iframe = document.getElementById('datawrapper-chart-' + ...

Our 2023 Remote Workforce Report found that 44 per cent of businesses globally are now seeing a substantial surge in full-time employees located overseas.

That's a paradigm change. If you can deliver what's required here, you can deliver anywhere!

Commentary: As more people seek remote work, it's time to make the search for such roles easier Despite the current wave of employers forcing workers back to the office, Singapore workers still overwhelmingly want to work from home — Gen Zers and millennials in particular.

My simple advice is simple.. to acquire hard skills - transitional hard skills..

You will have no fear because you would always add value wherever you go and can easily find a job - not only in Singapore but anywhere in this world. No need to try to analyse your company's financials, etc. Ideally, your Company should need you more than you need the Company.

Have value and skills and you can travel..

The Big Read: E-commerce layoffs — heyday of online shopping could be over, with consumers on the losing end SINGAPORE — E-commerce firm Lazada’s surprise move to cut jobs last month not only left some affected employees in tears, but also raised the eyebrows of industry

Rather than learning the hard skills to maintain an air-conditioning unit, she only took away the knowledge of its different parts.

The Big Read: Generous SkillsFuture carrots for Singaporeans to get serious about lifelong learning, but will they bite? SINGAPORE — Whenever her air-conditioning unit broke down, Dr Chua Yen Ping used to wonder what needed to be fixed when the repair man could solve her woes in just minutes.

Agreeing with Mr Hazmi’s on the pay issue, Ms Tan said hiring Malaysian workers is not necessarily cheaper due to the foreign worker levies. “In some cases, hiring Malaysians with higher education levels may incur higher costs than hiring locals.”

With the rise of remote working, some Singaporean employers look to hire Malaysians to support operations without having to move here.

The Big Read: Malaysia's brain drain to Singapore — winners and losers in the long run not so clear-cut SINGAPORE — Despite having a successful sales career, a workplace with supportive colleagues, and a stable relationship in Malaysia, Ms Anna Chin still felt something was missing.

Happy Chap Goh Mei!🥳🥳

Chap Goh Mei marks the end of the auspicious Chinese New Year season.
We wishes you an abundance of wealth, good luck, and joy for the rest of the year, and may you have a wonderful celebration with your family and loved ones!💝

Hopefully this is not a sign of things to come in the future..

Fresh university grads get higher salaries, though fewer find full- or part-time work: Survey Of 10,900 graduates surveyed, 89.6% found jobs within six months of graduating. Read more at straitstimes.com.