The Digital, Care and Green economies: Reshaping Singapore’s business and employment landscape

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The report highlighted three economies that are emerging as high-growth areas – the Digital, Care and Green economies. The Care Economy refers to the jobs and skills needed to support services essential to the nurturing and teaching of current and future populations. While Singapore’s ageing population will require the healthcare, wellness and community sectors to adapt to shifting needs, the COVID-19 pandemic has also accelerated the growth of the Care Economy.

Dr Gog Soon Joo, chief skills officer of SkillsFuture Singapore, agreed, stating that many work processes have been impacted for the better by digitalisation. She added: “There’s also rising concern about how we can grow our businesses without jeopardising our environment, besides the demand created by our ageing population and changing demographics. All these have resulted in great job opportunities for the economy.

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Higher foreign employee salary thresholds to impact business costs; important to reskill locals, say observersSINGAPORE: The increase in minimum qualifying salaries for new Employment Pass (EP) and S Pass applicants could make it harder for businesses to recover from the existing economic loss brought about by the pan 🤔🤔🤔 what really impacts business cost is to have to pay salaries to unprepared singaporean staff HR to foreign employees, “We pay you $5k end of the month you give back 2.5k ok?”
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