ASG Patrick Tay

Looking forward: How do you stay ahead of the learning curve?

Agenda

Speed to market training is key in this new economy

3As of being prepared: Agile, Able and Adaptable

Future jobs, skills and training in Singapore and the training and development landscape

“The future is already here – it's just not evenly distributed.”

William Gibson

FUTURE JOBS, SKILLS AND TRAINING WILL BE SHAPED BY THE FOLLOWING FORCES

DISRUPTIVEDEMANDGLOBAL

TECHNOLOGY

DEMOGRAPHICSCHANGING

• Economic growth expected to increase to 3.5% in 2017

• Rising Protectionism, e.g. Brexit • USA’s political and economic agenda • Asia’s growth strategy

• Transforming the nature of work • Accelerating rate of technological

change affecting every sector

• Changing demographics of the workforce • Growth of the contingent workforce

• HUMAN AUGMENTATION: Technologies that make us “Better than Human” could radically transform our lives

• HUMAN SUBSTITUTION: Technology can help us to overcome land and labour constraints but also destroy jobs

• INFO-FLOWS CONTROL & OPPORTUNITIES: Info is more valuable than ever, harder to control and will reshape relations

• FUTURE OF THE INTERNET: Greatly impact our security, economy and society

Bionics Augmented Reality Cyborgs

Microchip Implants Cognitive Enhancers

Robotics AI

Machine Learning Internet of Things

Big Data Data Analytics

Digital 5 Network – Network of Digital Govts

Virtual Communities Dark Web

Cyber Security Ransomware

Privacy Issues Internet Anywhere

Automation

Blockchain

DISRUPTIVE TECHNOLOGICAL FORCES

Every sector is affected unlike previous revolutions

IMPACT

Reshaping the economics of work by lowering the cost of routine tasks

Accelerating pace –need to update our skills and job description

200,000Freelance &

Self Employed

Source: ST, 10 Feb 2016 Labour Movement Plans for Support for Freelancers

Employment Act

Protection from Harassment Act

Fair Consideration Framework

Jobs Bank

20

15

20

16

SkillsFuture Credit

Employment Pass

20

17

Employment Claims Tribunal

Tripartite Alliance for Dispute Management

Tripartite Mediation Framework

CHANGING DEMOGRAPHICS IN SINGAPORE

• More educated workforce – growing group of PMEs, freelance and self-employed workers

737,600PMEs in 2016

Source: Labour Force Survey 2016

Changes to the Retirement and Re-employment Act: Re-employment age up from 65 to 67 with effect 1 July 2017. Employers will no longer have the option to cut employees’ wages at the age of 60.

67.3%Employment rate of older workers aged 55-64 in 2016 up from 64% in 2012

CHANGING DEMOGRAPHICS IN SINGAPORE

• Ageing population

FUTURE CHALLENGES

• MISMATCHES: Jobs that the economy produces may not be the jobs that people desire or able to take up

• CIRCULATING TALENT: Talent may find Singapore less attractive; locals will need overseas working experience to remain competitive

• INNOVATING PLATFORMS: Future innovation demands cross-disciplinary collaboration, networks and market agility

• DIGITAL BARONS & TALENT SUPERHUBS: Digital firms can now scale up without many physical assets and are attracted to talent hubs

• PEOPLE AS BUSINESSES: New work arrangements may replace many traditional employee-employer relationships

Structural Unemployment

Uberisation Sharing Economy

Gig Economy

Technology Platforms

Regional/Global Experience

Startups

Job Creation Redundancies

Work on the Go

Business Model Innovation

Unicorns

Social Security

Monetising Income Streams

Digital Nomads

Long Term Unemployed

EMPLOYMENT TRENDS

Top 10 Core Work SkillsFuture Jobs by 2025

65% of children entering primary school today will end up working in completely new job types that don't yet exist.

• MISMATCHES: Jobs that the economy produces may not be the jobs that people desire or able to take up

EMPLOYMENT TRENDS

EMPLOYMENT TRENDS IN SINGAPORE

• MISMATCHES: Jobs that the economy produces may not be the jobs that people desire or able to take up

Source: Labour Market Advance Release 2Q2017

2Q 2017: The resident and citizen unemployment rate declined but remained higher than a year ago.

• Annual average resident unemployment rate in 2016 went up from 2.8% to 3%. The increase was broad based with residents aged 30-39 and 50 & over registering larger increases

• Annual average resident long term unemployment rate in 2016 up from 0.6% to 0.8%. The increase was broad-based with those in their 50s & over harder hit. LTU rate for degree holders rose to 1.0% in 2016, the highest since 2004

2016

EMPLOYMENT TRENDS IN SINGAPORE

• MISMATCHES: Jobs that the economy produces may not be the jobs that people desire or able to take up

Source: Labour Market Advance Release 2Q2017

Decline in total employment in 2Q 2017

-8,400

Decrease in number of retrenchments across industries

in 2Q 2017

SPEED TO MARKET TRAINING IS KEY IN THIS NEW ECONOMY

GOVERNMENT INITIATIVES &

TRAINING

Aims to keep the Singapore economy competitive by helping to position Singapore for the future, as well as identify areas of growth with regard to regional and global developments.

• COMMITTEE ON THE FUTURE ECONOMY

• SMART NATION

To support better living, stronger communities, and create more opportunities, for all.

• INDUSTRY TRANSFORMATION MAPS

A one-stop online portal that enables Singaporeans to chart career and lifelong learning pathways, through access to industry information and tools to search for training programmes to broaden and deepen skills.

• MYSKILLSFUTURE

Developed for 23 industries under 6 clusters covering over 80% of GDP. The Future Economy Council will help put these proposals into practice.

• IHLS OFFER MODULAR/STACKABLE TRAINING

• ADAPT & GROW INITIATIVES

Helping people adapt to changing job demands and grow their skills. Initiatives include Professional Conversion Programmes, Career Support Programmes, Place and Train, Earn and Learn, Attach and Train.

To facilitate adult education and encourage lifelong learning.

• TRIPARTISM

Collaboration among unions, employers and the government. Tripartism has helped boost Singapore’s economic competitiveness, promoted harmonious labour-management relations and contributed to Singapore’s overall progress.

Set up Future, Jobs, Skills & Training Capability to enhance training and

placement efforts

Sectoral Tripartite Committees to develop and implement Industry

Transformation Maps

Champion skills development and prepare workers for future of work

CHALLENGES

THE LABOUR MOVEMENT: TAKING ON THE FUTURE OF WORK

AIM A systematic process (nerve centre) to look into future jobs, skills and trainingrequired so as to prepare the workforce for the future

FUTURE JOBS, SKILLS & TRAINING CAPABILITY

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PILOT SECTORS

ICT

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Financial ICT Healthcare

DOWNLOAD AT WWW.NTUC.ORG.SG/FJST

EXAMPLES

IDENTIFICATION OF EMERGING SKILLS WITH INPUTS FROM EMPLOYERS

UNDERSTANDING OF NEEDS & DESIGN OF CURRICULUM MODULAR SHORT COURSES

UPCOMING COURSES

SkillsFuture for Digital Workplace Training Programme• Supports the national initiative of helping

Singaporeans prepare for the future economy• Helps individuals to become future ready by anticipa-

ting and embracing change positively• Allows learners to know more about the current and

emerging technology and data trends• Blended learning

Digital Confidence Skills Packages for Manufacturing Sector• Modular short courses to fit operational needs of plants• Classroom and applied based learning tiered according to

job level

Programmes are supported by SkillsFuture Singapore• Employers can access funding assistance to provide

employees with requisite training

READY

RELEVANT

RESILIENT

AGILITY

ABILITY

ADAPTABILITY

Q&A

RESOURCES

• http://www.csf.gov.sg/docs/default-source/default-document-library/csf-df-cards.pdf• http://www.hrdmag.com.sg/news/lim-swee-say-reveals-workforce-predictions-236682.aspx• https://futurism.com/images/will-popular-jobs-future/• https://www.moh.gov.sg/content/dam/moh_web/PressRoom/Highlights/2016/2020%20Healthcare%20Ma

npower%20Plan.pdf• https://www.bcg.com/en-sea/d/press/3april2017-asian-innovation-centre-for-operations-150605• http://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd_qtlmr164.pdf#page=7• http://www.hrdmag.com.sg/news/singapore-ranks-among-top-countries-in-older-workers-employment-

mom-minister-says-235091.aspx• https://www.smartnation.sg/• https://www.gov.sg/microsites/future-economy• http://www.skillsfuture.sg/myskillsfuture• https://www.mti.gov.sg/MTIInsights/Pages/ITM.aspx• https://www.mti.gov.sg/MTIInsights/SiteAssets/Pages/ITM/Images/Fact%20sheet%20on%20Industry%20Tr

ansformation%20Maps%20-%20revised%20as%20of%2031%20Mar%2017.pdf• https://courses.ntuclearninghub.com/browse/workplace-skills/programs/skillsfuture-for-digital-workplace-

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