Human resource companies say Singapore’s employers may prefer contract employment for certain roles as they can cut headcount without the complexities of layoffs. Contract hiring allows such large-scale headcount changes to be made without severance payouts, as firms have the flexibility to simply not renew contracts. Andrea Heng and Hairianto Diman examine how much cost businesses are really saving when hiring contract workers.

Human resource companies say Singapore&rsquo;s employers may prefer contract employment for certain roles as they can cut headcount without the complexities of layoffs. Contract hiring allows such large-scale headcount changes to be made without severance payouts, as firms have the flexibility to simply not renew contracts. Andrea Heng and Hairianto Diman examine how much cost businesses are really saving when hiring contract workers.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

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The best interviews from CNA938 on Singapore news, business updates, entertainment and food.

The best interviews from CNA938 on Singapore news, business updates, entertainment and food.