Singapore must prepare workers for more job changes and continuous retraining: Jeffrey Siow
Younger Singaporeans are unlikely to follow the same career paths as previous generations, where many worked for one organisation for a long time, the transport minister says.
Singaporeans are likely to change jobs more frequently in future, said Transport Minister Jeffrey Siow. In response to a question about the Economic Strategy Review (ESR), Siow emphasized the need to shift focus from pre-employment stages to continuous retraining throughout workers' careers. Acknowledging Singapore's demographic constraints, Siow highlighted the need for the country to invest more intensively in a smaller, highly skilled workforce.
By leveraging SkillsFuture and fostering collaboration among various stakeholders, Singapore can overcome manpower limitations and tackle economic challenges collectively.
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