“Age is just a number” is one of the common phrases used by people as a part of the joke. However, when it comes to real-life situations most of the people are look to take retirement after hitting the age of 65. Though this is not the case in Singapore, which known as the country with a higher ratio of life expectancies. The government in Singapore plans to increase the retirement age and pushing the workers to grasp the newer skills.
One of the most ideal examples is Valeris Yeiong-Tan, a lady with the working experience at Singapore Telecommunication Ltd. for 47 years. She worked as an administrator in the HR department with no exposure to programming knowledge. Though, she recently took up the bot building courses to gain the required skills.
For the same purpose, Yeong-Tan pursued four-day workshop for bot maker training as well as Bot Maker Hackathon. This training program organized by Singtel provided basic programming understanding to her.
Continuous Decline of Labor Productivity in Singapore
From last few years, there is a decline in labor productivity as the labor force is getting old. In order to overcome this problem, the workers are being motivated to gain skillset to fit in the digital world. In the continuity of this initiative, there are some government agencies working for the same. The government runs a couple of programs like Skills Future Singapore and Workforce Singapore to help the labor force.
Businesses are also not lagging behind. Singtel is one of the business houses focusing to boost reskill programs. The company is investing millions for its employees to develop digital skills. It started providing in-housing workshops related to different technologies right from data analytics to 5G advancement.
This is certainly a big step by the government of Singapore to boost labor productivity at all fronts. Its actual results will be visible in the years to come.