S'pore looking to tap potential of seniors amid ageing workforce: SNEF

An ageing workforce will be a key challenge over the next decade, but "Singapore can prove to be the exception", said Singapore National Employers Federation (SNEF) president Tan Hee Teck.

- Sharon Salim

In other economies, he noted that ageing populations are often a drag on economic growth.

Singapore has been working on ways to formulate policies that expand job opportunities for senior workers while enhancing workforce flexibility and productivity.

The upcoming Tripartite Workgroup on Senior Employment, for instance, is a timely initiative that will bring the unions, employers and Government together to work on solutions that tap the potential and wisdom of senior workers, he said in his May Day message on April 29.

The work group, which will be set up later in 2025, aims to improve the employability of seniors and increase the availability of jobs that better suit their needs. The work group will start by setting up the Alliance for Action on Empowering Multi-Stage Careers for Mature Workers, which involves engaging employers for ideas to enhance senior employment.