Stronger Support for Singapore’s Workforce
Singapore is intensifying its efforts to empower its workforce while maintaining its status as an open and vibrant economy, Deputy Prime Minister Lawrence Wong affirmed during the Singapore Economic Policy Forum on Tuesday (Oct 18). As Finance Minister, Mr Wong highlighted Singapore’s twofold approach to economic resilience: fostering global connections and nurturing local talent.
He emphasised the nation’s dependence on staying globally engaged, describing it as crucial for Singapore’s survival due to its limited natural resources and geographic constraints. He addressed concerns about anti-foreigner sentiment, warning that restrictive policies could deter global businesses and lead to job losses for Singaporeans.
Mr Wong stressed the importance of attracting top-tier talent and investments, such as Bosch Rexroth’s advanced training centre in Jurong, which benefits local firms and workers by enhancing skills and creating quality job opportunities.
Advancing Skills Development for Singaporeans
Developing a robust training ecosystem remains a top priority for the Government. Mr Wong outlined plans to regularly update manpower policies, enforce fair employment practices, and prioritise skills development. These measures aim to support workers, particularly mid-career individuals facing industry transformations.
He discussed plans to enhance the SkillsFuture system, providing better support for Singaporeans to pursue meaningful training opportunities at various stages of life. Drawing from global best practices, the Government is committed to establishing a comprehensive adult education framework tailored to Singapore’s needs.
Championing Diverse Career Pathways
Mr Wong highlighted efforts to value all forms of work equally, beyond traditional cognitive roles. He pointed to ongoing reforms in education, such as phasing out streaming by 2024, and investments to improve vocational training standards.
The Government is also raising wages for lower-income workers through initiatives like the Progressive Wage Model and is advocating for greater respect and dignity for hands-on and service-oriented roles. Businesses and society alike are called to support these efforts by redesigning jobs, enhancing productivity, and recognising diverse contributions across sectors.
“To build a stronger Singapore, we must appreciate all paths of success, foster respect for diverse talents, and create opportunities for everyone to advance,” Mr Wong said. “This collective effort will ensure a brighter future for every generation of Singaporeans.”
