Manpower Challenges for Singapore

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Damian Blair
6 years ago
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1 2011/SOM/WKSP/011 Manpower Challenges for Singapore Submitted by: Singapore Residential Training Workshop on Structural Reform Singapore August 2011

2 Manpower Challenges for Singapore ANSSR Workshop 11 August 2011 A Singapore s Labour Market Situation B Challenges and Strategies 1

3 Unemployment Back at Pre Recession Levels Seasonally-adjusted Unemployment Rate, Dec 2006 Mar Resident Mar 2011 Overall: 1.9% Resident: 2.7% 4.0 % 3.0 Overall D06M07 J07 S07 D07M08 J08 S08 D08M09 J09 S09 D09M10 J10 S10 D10 M11 Source: Labour Force Survey Strong Recovery in Job Creation Quarterly Employment Change, 1Q Q ,000 Employment Change in 70, Q 2011: 28,300 60,000 50, ,000 30,000 ar) 20,000 10, ,000 20,000 1Q 06 2Q 06 3Q 06 4Q 06 1Q 07 2Q 07 3Q 07 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 1Q 2Q103Q104Q101Q Source: Employment Statistics, MOM Employment change GDP 2

4 Improving Workforce Occupational Profile Employed Residents by Occupation, Jun 1999 and Jun % 80% 60% 40% 20% 29.3% 28.7% 42.0% 23.2% 24.8% 52.0% More than half are Professionals, Managers, Executives & Technicians (PMETs) 0% Production & Transport Operators, Cleaners and Labourers Clerical, Sales & Service Workers Professionals, Managers, Executives & Technicians Source: Labour Force Survey, 2010 Improving Workforce Occupational Profile Economically Active Residents by Education, Jun 1999 and Jun % 80% 60% 40% 14.6% 12.2% 8.7% 28.5% 27.6% 18.1% 12.0% 20.0% More than a quarter of economically active residents today have a Degree 20% 36.0% 22.3% 0% Below Secondary Secondary Upper Secondary Polytechnic Diploma Degree Source: Labour Force Survey,

5 A Singapore s Labour Market Situation B Challenges and Strategies Key Manpower Challenges Productivity Growth Continuing Education and Training Inclusive Growth 4

Shift to Productivity based Growth Target:

Productivity to drive 2/3 of future GDP growth

1/5 of GDP growth Future: 3 5% GDP growth

Labour force growth Productivity growth ec n cu

6 Shift to Productivity based Growth Target: Productivity growth of 2 to 3% p.a. Productivity to drive 2/3 of future GDP growth : 5% GDP growth Productivity growth is 1/5 of GDP growth Future: 3 5% GDP growth Productivity growth should be 2/3 of GDP growth Labour force growth Productivity growth ec n cu a ts n oc ro i na l I An I p n po c rv e oa n a t c i hv o ne A National Productivity & Continuing Education Council (NPCEC) Tripartite Partners Employers Government Unions 5

7 National Productivity & Continuing Education Council Three main areas of focus: Drive efforts to raise productivity at the individual, enterprise and sector level Oversee efforts to develop a first class national continuing education and training (CET) system Entrencha cultureof productivityandlifelong learning amongst Singaporeans National Productivity & Continuing Education Council Sectoral approach to raise productivity 12 priority sectors: Construction, Electronics, Precision Engineering, Transport Engineering, General Manufacturing, Retail, F&B, Hotels, Healthcare, Infocomm, Logistics and Storage, and Admin and Support Services Government agencies appointed to champion and develop productivity strategies for each sector 6

National Productivity Fund $2 billion fund to support productivity initiatives

productivity initiatives Fund can also be used to develop infrastructure and

Training Programmes Good Access and Linkages Best-in- Class Institutions Quality

8 National Productivity Fund $2 billion fund to support productivity initiatives Government agencies partner industry to tap on the fund for industry wide productivity initiatives Fund can also be used to develop infrastructure and tools Continuing Education and Training Lifelong Learning Culture Relevant Training Programmes Good Access and Linkages Best-in- Class Institutions Quality Training Professionals Strong Tripartite Partnership Government Investment of $2.5bn over 5 years 7

9 Facilitating Job Matching Career Centres/Employment & Employability Institute Helpjob seekersaddresstrainingneeds needs, job referrals Dissemination of Labour Market Information Labour Market Highlights to inform adult jobs seekers about in demand jobs and hiring industries Online portal Career Compass to help students make informed career choices Helping Low wage Workers Workfare Income Supplement Supplement income Encourage older workers to work Improve CPF savings Workfare Training Supplement Encourage employers to send low-wage workers for training Encourage low-wage workers to go for training 8

workers Shape positive perceptions of older workers Key initiatives Re-employment Legislation

10 Helping Older Workers Remain in Workforce Four key thrusts Expand employment opportunities of older workers Enhance cost competitiveness of older workers Raise skills and value of older workers Shape positive perceptions of older workers Key initiatives Re-employment Legislation by 2012 ADVANTAGE! scheme Promoting fair employment practices Tripartism Government Employers Unions 9

11 Ministry of Manpower, Singapore A Great Workforce. A Great Workplace THANK YOU 10

TALENT MARKET UPDATE SINGAPORE Q2 2017

TALENT MARKET UPDATE SINGAPORE UNEMPLOYMENT UNCHANGED / Overall unemployment was unchanged in June 217 from March 217, remaining at. Total employment fell by 7,3 in Q2, following a decline of 6,8 in Q1.