What did I learn today:-
Today's lesson covers the Singapore labour market and emerging issues faced by the government. The rate of better educated woman have been increased steadily in the Singapore workforce. These may be due to the influences by the Govt. past interventions of getting female to go back to the workforce. The recognition of key positions in both Govt and Private Sectors for this gender as well as the acknowledgement of equality of both gender in the workforce has also catalyzed the "back to work" influence.
One of the disturbing statistics in the age profile in the labour force is that the "baby boomers" age group which falls in the 50 years mark has increase in the labour force. With the Govt's encouragement of having retirement be extended and having its older population be more self sufficient, this thus set a trend of older workers having gone through reskilling and employ ability so as to remain relevant in the job market. With specialized jobs and skills required in the professional industry, most new jobs are taken up by locals and foreigners are in the PME positions. So being, many see a need to also upgrade themselves with a higher education which resulted to more degree holders in the market.
Policies of Govt agencies which impact the workforce are; Global Schoolhouse vision, OSH, policies governing the foreign workers and the commitment to assist older and low-wage workers.
The Govt's framework in Continuing Education & Training (CET) in S'pore started with the philosophy of the starting of Pre Employment Training (PET) at the polytechnics, ITE and the university. The contiunous process of education and training which allows a person to stay relevant in the economic situation. PET falls into the age group of 5 yrs to 24 yrs while CET falls into the age group of 24 yrs to 62 and beyond.
Being a Singaporean, it is good to know that a CET master plan is in placed to cater for the needs of the local workforce. Having mentioned by the Prime Minister in the recent NDP 2010, the Govt will take care of its' citizen first in employability and job security. The Master plan covers having a 1st class providers like NTUC, polytechnics and overseas providers, 10 New CET centers in specialised professional fields, the expansion of current CET centres, better integration of CET centers to outreach to all workers and New institute for adult learning.
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