“We can never beat countries with more manpower and we’ll never be the cheapest, but we can be better than those cheaper, and cheaper than those better countries,” said Minister Lim Swee Say, Secretary General of the National Trade Union Congress (NTUC) at this year’s HR Summit.
Held from 6-7 May at the Suntec City Convention Centre, the annual event attracted thousands of HR professionals and guests. Mr. Lim urged HR professionals to play an important part in increasing worker employability. “Singapore is a knowledge-based economy, driven by the services industry. The key to win this challenge would be to upturn the cost effectiveness of companies to survive today and at the same time, upturn the capability of the workforce to be competitive tomorrow,” added Mr. Lim.
With abundant schemes like the Workforce Skills Qualifications (WSQ) system and Skills Programme for Upgrading and Resilience (SPUR), he sees it as a good time to increase worker employability lest we fall into structural unemployment because of complacency.
“When the economy was growing, we had the money but no time, and when the economy is down, we have the time but no money. Now, with the support of government funding and time, there should be no more excuse,” said Mr. Lim.