Key Themes
Singapore has long led the way in technological innovation and change, and it’s current industrial strategy ensures it is a hub for new technologies to meet the challenges of Net Zero and AI advancements.
That brings with it a need for an expert, technically skilled workforce, and labour challenges are remarkably consistent across the world’s developed economies:
- A surge in demand for talent
- Skills shortages across the professional sectors supported by APSCo members, wherever they are located
- Focus by Government and business on skills training, up and re-skilling and keeping workers in the labour market; and
- Increased government interest in legislation to manage flexible labour and its supply chains, both to protect individuals’ worker rights and to increase taxation receipts.
Singapore is unique for a number of reasons. It has made very significant public investment in improving the skills and opportunities of Singaporean citizens, with a local first approach and specific initiatives targeting mid-life career switchers. This has been done together while introducing a new immigration system, COMPASS, to improve transparency and attract higher-level immigration.
Globally, to address challenges faced in APSCo's markets, our Public Policy approach has 4 key themes:
- Promoting the benefits of a professional recruitment market and differentiating it from the traditional employment agency market with its focus on lower-skilled dependent labour.
- Encouraging policies to maximise “Access to Skills and Talent” and a Global Flexible Labour Market.
- Promoting compliant, efficient supply chain management, driving up productivity and providing end-clients with the technically skilled, expert workforce they require.
- Promoting policies to encourage inclusive, diverse employers and workplaces, fit for the demands of the modern, evolving workforce.
Download our latest Public Policy briefing here.