The maps will have initiatives aimed at increasing collaboration between firms and encouraging firms to invest in manpower.
- Posted 28 Mar 2016 12:53
- Updated 28 Mar 2016 21:54
Tuesday, 1 May, 2012 2:57 PM
Ricky Lim
REACH RWEB Submission feedback RWEB2012050100010 via the REACH website: To raise productivity,
To raise productivity, everyone has a part to play :-
1. Business invest in capital tools and send workers for training
2. Workers upgrade skills to operate capital tools
3. Govt provide grants, provide good education, married govt R&D bodies with business etc
4. Government work with various industry to devise objective and tangible KPI to allow business, workers, union, gov, schools etc to shoot for the KPI.
5. Govt, business, bright individuals should scout overseas countries and industries that have make their industries productive and bring it back to Singapore and transform our business to be more productive.
6. Union encourage, provide relevant course for workers to upgrade
7. School train students in right course, right skills and married industry with courses.
8. Home, family members, social bodies have to support working members to provide a conducive environment for working members to be productive.
9. Look at whatever else things that can make the nation productive, to be productive.
10. Peg the wage increase vis-à-vis our regions, our competitors, our international competition to ensure that our wage increase are competitive and will not drive away business – causing massive job losses.
Sent: Tuesday, 1 May, 2012 3:24 PM
To: reachadmin@reachadmin.com
Subject: REACH RWEB Submission: Govt agenices working with industries to devise prodictivity figures
To elaborate further :-
(1) Ministry of Comm and iDA – should work with IT industries, foreign IT MNCs, local IT vendors etc to devise objective, tangible KPI productive figures in each technology areas and skillsets vis-à-vis global competition and regional competition – so that IT business and IT workers can target to meet the KPI productivity figures – and peg wage growth in % term and/or absolute term to the productivity figures and business profitability. Communicate this to the IT industries, business, IT workers, Union and schools. Make sure we are competitive with our global competitors and regional competitors.
(2) SLA should do the same with construction sector.
(3) Ministry of Finanace and MAS should work with the banking and financial sector. etc
Ricky L • Remove
That is, the concept above is how to transform Singapore Economy in 2016 - sector-by-sector (conceptualising the KPI for each sector) ---- and using targeted approach to transform each sector, each industry one by one.
Only then productivity in each sector, in each industry can be successfully transformed - supported by empirical, scientific measures.
Good that after 4 years --- the idea is taken up.
The maps will have initiatives aimed at increasing collaboration between firms and encouraging firms to invest in manpower.
- Posted 28 Mar 2016 12:53
- Updated 28 Mar 2016 21:54
SINGAPORE: More than 20 sectors in Singapore will get an Industry Transformation Map, tailored to the needs of each industry, to help drive productivity and innovation, invest in skills and promote internationalisation.
The initiative is part of the Industry Transformation Programme outlined in Budget 2016, Finance Minister Heng Swee Keat told media on the sidelines of his visit to local firm Feinmetall Singapore on Monday (Mar 28).
Each map will have initiatives aimed at increasing collaboration between companies and encouraging firms to invest in manpower to deepen skills.
The maps will also suggest areas of innovation to enable firms to offer new products and services through better use of technology, as well as make a stronger push to help companies internationalise.
Teams will be set up for each economic sector, with input from various Government agencies including the Economic Development Board (EDB), SPRING Singapore, International Enterprise (IE) Singapore, Agency for Science, Technology and Research (A*STAR) and Singapore Workforce Development Agency (WDA). They will lead the development of roadmaps for each sector by integrating productivity, training, technology and internationalisation plans.
The sectors under the Industry Transformation Maps cover more than 80 per cent of Singapore's GDP.
During his maiden Budget speech last week, Mr Heng unveiled the S$4.5 billion Industry Transformation Programme, targeted at providing support to firms and industries while driving innovation.
MORE INDUSTRY-WIDE COLLABORATION EXPECTED
Precision engineering firm Feinmetall has opened its doors to other firms in the industry to share its experience on improving productivity and adopting technology. By June, it plans to roll out training programmes, together with the Employment and Employability Institute (e2i), that other companies in the sector can also tap on.
"The objective is to teach more people about basic maintenance processes in our company. What we want to do is impart our knowledge as well as share our equipment in our facility to enable more PMETs (professionals, managers, executives and technicians) and engineers to learn about the process of basic maintenance of our probe cards," said Feinmetall Singapore's general manager, Sam Chee Wah.
Feinmetall said trade associations and chambers have helped to facilitate these efforts.
Looking ahead, more of such industry-wide collaboration can be expected.
Precision engineering is just one of more than 20 sectors, covering more than 80 per cent of GDP, set to see new plans drawn up for future growth.
Speaking at his visit to Feinmetall, Mr Heng said the initiatives are aimed at helping firms pool their knowledge to ensure industries innovate and stay competitive.
"The challenges we're going to face will be much more complex, much more diverse, and it's going to be a much more fast moving world. Therefore our ability to respond to changes requires us to pool our knowledge in a much more targeted fashion, and in a way that allows us to create solutions and have those solutions proliferate," said Mr Heng.
"For example, if you look at many industries, many companies face many common problems, and common problems can be solved with a common solution. So if you have a common solution, we should try and replicate it across all the companies, especially SMEs (small and medium enterprises). And in that way, everybody benefits,” he added.
The Singapore Precision Engineering and Technology Association said that such integration can also help smaller firms save costs.
"Precision engineering is very fragmented. They're all over the place. The key challenge is how to get them together. If they can share services, they can share resources, all these will bring down their cost. The cost management can come from many areas, increasing productivity, controlling their risk, (as well as) resource management," said Mr Steven Koh, advisor at the Singapore Precision Engineering and Technology Association.
- CNA/cy/dl
Speaking on the "Ask the Finance Minister" Budget forum on Mediacorp Channel 5, Mr Heng stressed that collaboration between firms could bring many benefits, including a reduction in costs by sharing facilities.
- Posted 29 Mar 2016 00:04
- Updated 29 Mar 2016 00:10
SINGAPORE: As Singapore pushes for industry-level transformation, trust and confidence will have to be built up amongst all players, according to Finance Minister Heng Swee Keat.
Speaking to Channel NewsAsia after a 'live' Budget forum on Channel 5 on Monday evening (Mar 28), Mr Heng stressed that collaboration between firms could bring many benefits, including a reduction in costs by sharing facilities.
He added that exporting the Singapore brand will also create a "far bigger mind share globally".
"We need to have a change of mindset that even as companies compete, they have much to gain by collaborating and I think knowing when to compete and when to collaborate will be key," said Mr Heng.
In last week's Budget statement, Mr Heng had announced an Industry Transformation Programme, with deepening partnerships between Government and the industry, and among industry players as one key aspect. The Finance Minister said support will be provided to trade associations and chambers to help them build capabilities, to increase their ability to reach out.
The Government will also partner them to look at projects that can benefit their entire industry and bring on board as many small and medium enterprises as possible.
But Mr Heng acknowledged that the effort will take time. Citing examples in the food and furniture sectors, he added he is "very encouraged" that industry collaboration is already taking place.
"For instance, if we can develop platform technology which helps everyone, we can develop say marketing solutions that can help build the Singapore brand, then I think many more SMEs will see benefit in that way of working and they will then come on board," said Mr Heng.
"So we need specific measures which will bring benefit to the SMEs in order to encourage them to join this effort."
Panelists on 'Ask the Finance Minister', with Mr Heng Swee Keat and moderator Nicholas Fang. (Photo: Kim Wong)
TECHSKILLS ACCELERATOR SHOULD BE EXTENDED
On the new TechSkills Accelerator initiative announced during the Budget speech to develop skilled manpower for the economy, starting with the infocomm sector, Mr Heng it should be extended to other sectors and opened up to non-information communications technology (ICT) professionals.
"We're starting with the ICT industry because it's an area of fairly severe shortage in coming years, and it's an area that is quite transformational for the economy. I agree that once we pilot this we should extend it to other sectors," said Mr Heng.
"The key of the success of the TechSkills Accelerator program is that we match what is needed, the kind of deep skills that are needed by companies with the training programmes and hiring practice. And by putting all three together, I hope we'll make a mindset change, where employers will hire based on the skills of the person, and how the skills match what they need, and not just qualifications," he added.
- CNA/dl
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