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Thinking about doing a mid-career switch in Singapore? After three years of Covid-19, there is reportedly steady growth and recovery in the labour market. Nevertheless, the average long-term unemployment rate among Singapore residents remains at an elevated level of 1per cent compared to pre-Covid levels of 0.7 per cent. This tells us that more people are unemployed for long periods.
In a series of questions addressed on the topic, Minister Dr Tan See Leng urged employers to utilise support and press on with efforts to become more manpower-lean, while tapping on available sources of local workers.
According to Dr Robert Yap, President, SNEF, this can be done via a three-pronged approach: keep manpower lean; keep workers relevant, and keep the labour market open.