Aon reported while over three quarters of the companies surveyed said they were not considering layoffs “for now”, many companies were changing their rewards programmes for their employees, most often by postponing salary increases. Between Aon's May and June pulse surveys, businesses delaying salary increases for all employees grew from 24% to 29%.
SINGAPORE (21 July): More Singapore businesses say they have moved back to “cautious hiring” amid the COVID-19 pandemic, according to a pulse survey conducted by global professional services firm, Aon.
The survey, which was conducted among 417 companies in Singapore, found that 18% of businesses reported a hiring freeze in June, compared to 30% in April, while those in a “cautious hiring state” rose from 46% to 60% during the same period.
