Finance

Major Overhaul at MOM: Three Strategic Shifts to Empower Singaporeans' Workforce

2025-04-05

Author: Yu

SINGAPORE - A Technological Revolution in Jobs and Skills

The technological revolution is upon us with the rise of artificial intelligence and other advancements reshaping the landscape of jobs, skills, and business operations. In response to these rapid changes and global uncertainties, Manpower Minister Tan See Leng has announced that the Ministry of Manpower (MOM) will undertake three significant strategic shifts to better support Singaporeans.

Empowering the Workforce

During a celebratory dinner marking the ministry’s 70th anniversary on April 5, Dr. Tan emphasized the importance of empowering the workforce by providing access to quality job opportunities and fostering inclusive workplaces that mirror Singapore's evolving demographics. This strategic pivot aims to enhance trust between workers and businesses while mitigating the anxiety that comes from technological disruptions and increased global competition faced by the increasingly educated workforce.

Proactive Support for Workers

To proactively assist workers, the MOM has various initiatives in place, including the Workforce Singapore's Career Conversion Programmes and the Overseas Markets Immersion Programme. These programs are designed to support employees before they encounter employment challenges. Additionally, the SkillsFuture Jobseeker Support scheme will soon be rolled out to help those who find themselves in unforeseen employment difficulties.

The Future of Work

Dr. Tan highlighted that the future of work is changing rapidly, predicting profound transformations within the next decade. In a competitive global talent market, he underscores that talented individuals are vital to attracting businesses and investment. “Where talent goes, businesses follow,” he explained, emphasizing the need for robust strategies to develop a competitive workforce.

Adapting to a Super-Aged Society

One pressing issue on the horizon is Singapore's shift toward a 'super-aged' society. By 2030, one in four Singaporeans is expected to be aged 65 and older, many of whom will take on caregiving roles. To adapt to this demographic change, MOM is promoting flexible work arrangements and increasing the retirement and re-employment ages to 65 and 70, respectively.

The Importance of Tripartism

Dr. Tan pointed out that Singapore's unique tripartism—collaborating among unions, employers, and the government—is crucial for maintaining workforce competitiveness. This collaboration has historically led to labor peace and facilitated Singapore’s rapid industrialization and economic transformation.

Reflections on Past Challenges

During the anniversary dinner, Dr. Tan reflected on challenges faced during the COVID-19 pandemic, particularly in the management of migrant worker dormitories. He noted that the experience reinforced the need for innovative frameworks within MOM to enhance workers' living conditions. The upcoming foreign worker dormitory in Jurong, set to open in early 2026, aims to uphold higher standards of living, healthcare, and recreational spaces.

Impressive Labor Market Trends

Statistics showcase Singapore's impressive labor market trends, as the nation boasts one of the lowest unemployment rates at under 3% and a labor force participation rate nearing 70%. The median monthly gross income for full-time employed residents has seen a significant surge, rising from $1,950 in 1996 to a projected $5,500 in 2024.

Celebrating 70 Years of MOM

As part of the anniversary celebrations, MOM revealed a refreshed logo that retains the three strokes symbolizing tripartism, along with the launch of a commemorative book entitled “Charting Our Path.” This book details MOM’s major milestones over the past 70 years, illustrating how the ministry has both weathered challenges and prepared the workforce for future economic demands.

Conclusion

In summary, the Ministry of Manpower is taking definitive steps forward, ensuring that Singaporean workers not only survive but thrive in an ever-changing employment landscape. With these strategic shifts, MOM is setting the stage for a robust, inclusive workforce that promises opportunities and advancements for all Singaporeans.