SINGAPORE NEEDS TO COMBINE ORGANISATIONAL CHANGE WITH NEW TECH TO CREATE EFFICIENCIES THAT EASE LABOUR SHORTAGES
February 1st, 2018
AMIDST warnings from the Monetary Authority of Singapore (MAS), the country’s central bank, of a “demographic trilemma” facing the wealthy city state’s ageing workers, employers say the answer lies in creating “ageless workplaces” led by transformational changes.
An ageing population coupled with a low birth rate is set to slow down workforce growth in Singapore from 3.3% per year between 2010 and 2015, to about 1% annually from now until mid-2020s, Singapore National Employers Federation director, planning, research and information, Chua Ker ...
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