Carving a bigger share of a US$400B pie in Singapore

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Singapore is investing heavily in HR technology, as Minister of State for Manpower Zaqy Mohamad told HR Festival Asia today.

Singapore’s embrace of HR innovation is fomenting change both in Singapore and abroad, Minister of State for Manpower and National Development Zaqy Mohamad said today.

Speaking on the Plenary Stage of HR Festival Asia, the event’s official Guest of Honour said that much of that success has been rooted in the National HR Manpower Plan implemented in 2017.

It focuses on professional development and the use of HR technology to build capacity. By identifying, training and elevating individuals with the right skills and aptitude, Singaporean companies have amplified effectiveness while reducing costs, he said.

The minister revealed that the government had designed its initiatives to be accessible to both small and large employers. Its policies have led to the certification of over 1,100 multinationals and smaller enterprises, employing over 190,000 individuals and generating over US$1.4 billion in revenue last year.

The Ministry of Manpower has created a trust advisory panel to further develop HR leadership as well. It consists of individuals who have made significant contributions to the field in Singapore and abroad.

 



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