Star Holdings is a Singapore-based provider of human resources solutions, providing manpower outsourcing services, manpower recruitment services and manpower training services. Our human resources solution meets the needs of reliable and efficient human resources for customers in hotels and resorts, retail, restaurants and other industries (including educational institutions, activity planning companies and a number of industries) in Singapore.
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The company is in charge of
(1) it is a comprehensive provider of human resources solutions, including hotels and resorts, retail and catering; (2) it has a long-term relationship with customers; and (3) it has a strong and experienced management experience.
Overview of the industry
Singapore's tourism and service industry has been growing well over the past decade, especially after the opening of Jiajiahe Resort in 2009 and 2010. Golden Sand Hotel Resort (MBS) and Sand Resort World (RWS) have added a number of hotel resorts and facilities, including more than 4000 rooms, restaurants, conferences, hotel, seminar and activities (MICE) space as well as the theme hotel, and employ about 22000 staff. With an expected increase in passenger arrivals, it is estimated that 12168 guest rooms or about 50 reception facilities are expected to open by 2018, an annual growth rate of 2.9 per cent.
Singapore had 22223 retail outlets by the end of 2013 and 6860 restaurants by the end of 2014, with operating costs of S $44 billion and S $8.7 billion respectively. The number of retail outlets and restaurants has been growing by about 2% a year between 2010 and 2014.
The hotel service, catering and retail industries account for about 11% of Singapore's employed population. In the second quarter of 2015, the hotel service employed 35400 people, while the retail and catering industries employed 161800 and 200900 respectively. Between 2006 and 2015, the population of the restaurant industry grew the fastest, with an annual growth rate of 5.3%, compared with 2.6% for travel services and 1.2% for retail sales.
Over the past few years, the employment of part-time jobs in Singapore has been on the rise. In 2010, there were 176700 part-time workers in the working population (9.0% of working residents). By 2015, the number of employees had increased to 223100 at an annual rate of 3.7 per cent, or 10.4 per cent of working residents. Older and older workers with a pension of 25 to 59 years are more likely to work part-time. The proportion of part-time work is the highest in hotel service and catering industry (26.5%).
When investigating residents who lost their jobs in 2015 and intend to seek employment in the next few years, 44.4% prefer to work part-time, which is particularly clear to women aged 40 or above and older men aged 60 or above. Young people aged between 15 and 24 also recorded a high unemployment rate in 2014, which generally reflects the increase in the number of students looking for part-time jobs or holiday jobs. The attractiveness of part-time jobs has increased, in part because the salaries of part-time workers are on the rise. The number of management hours is low, and the salary of part-time staff has increased by 18% since 2011. The following shows the total monthly income and average working hours of Singaporeans from 2011 to 2015.
Profit ability and duty number
Based on the previous records of the past years, the collection income increased from 140 million S $in 2014 to 193 million S $in 2015, with a combined annual growth rate of 38.5%. The profit rate decreased from 22,000 S $in 2014 to 21 million S $in 2015. The increase in income during the salary period was mainly due to increased revenue from manpower outsourcing and manpower recruitment services.
Collection purpose
HK $2999 million of the proceeds from this collection will be used for the following purposes: about 41.1% will be used to supplement Singapore's existing manpower outsourcing services; about 19.1% will be used for recent collection plans; about 18.4% will be used for the development of information technology infrastructure to support the collection of human resources services; about 13.0% will be used for reimbursement; and about 8.4% of the results will be used to collect general investment funds.