Singapore News - About 660,000 Singaporeans took part in initiatives supported by SkillsFuture Singapore (SSG) last year, including some 247,000 people who spent their SkillsFuture credits. This is a jump from the 540,000 in 2020, including some 188,000 people who claimed their SkillsFuture. Read more at www.tnp.sg
SINGAPORE - A few years ago, customers of local engineering company Flexmech Engineering asked if it was possible to connect their older equipment online so that the health of the machines could be monitored.. Read more at straitstimes.com.
This edition of the guidelines focuses on buiiding a flexible wage system in tandem with business recover; sustaining wage growth for lower-wage workers, and implementing initiatives for upskilling the workforce.
Skills challenge Skills challenge
As megatrends affect the world of work, reshaping skills of workers will help to address mismatches and promote resilience.
published : 5 Jul 2021 at 04:30
Human capital development has played a vital role in the success of thriving economies. However, when the skills of workers fail to align with the needs of industry, the mismatches and imbalances in the labour market can keep an economy from reaching its potential.
Findings from the latest World Bank Enterprise Surveys indicated that between 10% and 15% of employers in the Philippines, Indonesia, Laos and Malaysia, and 18% in Cambodia report having difficulties finding workers with the right skills for their operations. Less than 5% of companies in Thailand say they experience this drawback.