Unlocking the potentials of an older workforce: The Singapore case

Singapore has the highest life expectancy in the world, standing at 84.8 years as reported by The Burden of Disease Report 2017. Arising from the ageing of its population, Singapore has formulated policies to cope with the reality of an ageing workforce, which in turn would impact its economy. The article provides a review of the recent policies and strategies adopted by the Singapore government to address these challenges. Technology is likely to displace older workers and to grapple with this Skills. The future framework was launched to reskill and upgrade employees. Lifelong learning is a philosophy that has been adopted by employers and educational institutions to help the workforce stay nimble and flexible. Singapore’s example may be of relevance to Asian nations as ideas may be developed to customise the strategies to suit the local context. Recommendations for future research and policies conclude the article.