February 26, 2024

We are creating some awesome events for you. Kindly bear with us.

Singapore’s Approach in Charting the Future of Work

Minister of Finance Heng Swee Keat made the opening speech at the Welcome Dinner of The Singapore Conference on The Future of Work last night, 28 April. He spoke of Singapore’s approach in charting the future of work and how it consisted of three main themes.

He said that Singapore’s approach is very much aligned with the ILO’s human-centred agenda for greater investments in workers, and collaboration with stakeholders. Our approach is also in line with the three key themes of the recommendations put forth by the Future of Work Report.

“Let me share the three key themes of our approach: first, strengthening partnerships with tripartite stakeholders and industry; second, investing in our people to ensure that they are equipped with skills for the future; and third, strengthening international cooperation and partnerships to tackle common challenges” said the Finance Minister

Strengthening Partnerships with Tripartite Stakeholders and Industry

The Minister shared that the Report recognises the importance of investing in institutions of work. In Singapore, the Government has all along developed strong partnerships with tripartite and industry stakeholders to create economic growth and an environment for our workers to succeed in.

Central to this is Singapore’s model of tripartism between the Government, employers and the unions. Tripartite leaders are heavily involved in key national policies and are represented in key forums. An example is the National Wages Council, that forge national consensus on wages and wage-related matters. This ensures that policies are robust and well-balanced, meeting the needs of both employers and employees.

In recent years, the government has set up several tripartite workgroups to conduct in-depth studies on key issues and review how existing policies may be improved. Tripartite partners work with academics from Institutes of Higher Learning to gain deeper insights into trends and challenges in the labour market.

Tripartite partners also play a strategic role in charting Singapore’s next phase of economic transformation. Since Budget 2016, we have co-created Industry Transformation Maps for 23 key industries. The Industry Transformation Maps are centred on improving the competitiveness of industries and companies, supporting them in their transformation journeys, and enabling our workers to acquire deep skills and improve productivity. Supporting companies and supporting workers are mutually reinforcing – stronger companies provide better jobs and pay for workers, and highly skilled workers make companies stronger.

“Singapore believes that the best welfare is a job, and the best protection for workers is employment. It is hence important for Singapore to keep a steady growth agenda, become a Global-Asia Node of Technology, Innovation and Enterprise, in order to prepare our workers for the future.” The Finance Minister added.

The next theme Mr Heng Swee Keat elaborated on was investing in people to ensure that they are equipped with skills for the future; and many measures have been put in place to prepare people and workers for life. For the young, the schooling years provide a strong and deep foundation as the government continues to invest in providing a student-centric, values-driven education. This helps the young to develop holistically and prepare them for a lifelong journey of learning. Beyond schools, the government are offering more opportunities to embrace lifelong learning.

The final theme he addressed was strengthening international cooperation and partnerships to tackle common challenges. “The world is facing many complex and transnational challenges such as terrorism, climate change and food security. As we become more interdependent and interconnected, it is even more important for countries and international organisations to work closely together to tackle these challenges within a rules-based, multilateral framework.”

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend