News & Insights

Asia’s demographic clock is ticking. With longer life expectancy and declining birth rates, governments across the region are under growing pressure to introduce a range of social security reforms, including higher contribution rates and later retirement ages.

In the latest Asia Business Law Journal feature, our Employment Partner Teo Mae Shaan shared insights on how these demographic shifts are reshaping employment policy and workforce planning in Singapore, and the key considerations for employers navigating an ageing workforce and an increasingly complex regulatory landscape.

Teo noted that employers must remain attentive to ongoing changes given their direct impact on payroll policies: “With the upcoming changes, employers should build annual CPF adjustment cycles into their payroll governance rather than treating each change as an ad hoc event.”

Read the full article here.

Learn more about the firm’s Employment practice here.