As businesses navigate economic uncertainty, evolving workforce needs and changing operating environments, workforce restructuring remains an important consideration for many employers. However, managing a retrenchment exercise involves more than making difficult business decisions. Employers must balance legal compliance, sensitivity in employee communication, payroll accuracy and workforce planning, all while maintaining employee morale, treating affected individuals with compassion, and safeguarding their reputation and the trust of their people.
Join BoardRoom together with Pinsent Masons as they unpack the latest retrenchment considerations in Singapore, covering both the legal requirements and the practical realities of managing employee exits.
A Highlight of Key Areas:
- Responsible retrenchment and TAFEP guidelines
- Employee communication and Ministry of Manpower notification requirements
- Retrenchment benefits and employer obligations
- Payroll, CPF and tax considerations during employee separations
- Common compliance and operational pitfalls to avoid
- Practical workforce and offboarding considerations