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SHRI-Dialogue Complimentary for SHRI Members and Corporate Friends Tripartite Advisory on Managing Manpower Challenges for Enhanced Competiveness and Sustainability Draft Tripartite Guidelines on the Re-employment of Older Workers 26 January 2010 | 1430 - 1630 | SHRI @ The Verge, Room 9
Singapore’s GDP in the third quarter of 2009 showed a strong rebound at a seasonally adjusted 14.9 percent quarter-on-quarter. The number of retrenchments slowed down significantly amid positive employment growth and improving hiring sentiments.
The Tripartite partners issued Tripartite Advisory to help employers who are no longer confronted with excess manpower, to better prepare themselves to manage the manpower challenges to enhance their competitiveness and sustainability, while remaining vigilant to challenges which could undermine business recovery and growth.
As Singapore’s population and workforce rapidly ages, there is an urgent need to tap into the valuable skills and experience of older employees. The Government will enact its re-employment legislation by 2012 to enable more people to continue working beyond the current statutory retirement age of 62, up to 65 in the first instance and, later up to 67.
The Tripartite Implementation Workgroup (TIWG) aims to help companies put in place the necessary processes and systems for re-employment to work, and encourage employers to implement the Guidelines before re-employment legislation comes into effect. This is to better prepare both employers and employees for the new legislation, provide employment opportunities to employees beyond the statutory retirement age, and raise the effective retirement age of employees in Singapore.
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About
SHRI Dialogue & Engage
SHRI Dialogue & Engage
sessions, organised by SHRI, are held regularly to discuss issues and
exchange solutions on what's happening in the Singapore HR scene.
SHRI provides members with regular dialogue sessions to exchange views,
comments and ideas about the latest HR legislation, trends and issues in
Singapore.
To learn more about SHRI Dialogue and Engage, email Adeline Peh at adeline@shri.org.sg << Return to SHRI Dialogue & Engage
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