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Ideas and posting on Industry Transformation Map - posted on :- Tuesday, 1 May, 2012 2:57 PM Ricky Lim
Sent: Tuesday, 1 May, 2012 3:24 PM To: reachadmin Subject: REACH RWEB
Submission: Govt agenices working with industries to devise prodictivity figures
(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
Reply ricky l 0Thumbs UpThumbs Down0Ricky L • a second agoRemove
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.
ricky l 0Thumbs UpThumbs Down0 Ricky L • a second agoRemove
Industry Transformation Maps to be developed for more than 20 sectors The maps will have initiatives aimed at increasing collaboration between firms and encouraging firms to invest in manpower.
By David Roman, Joyce Koh and Andrea Tan | Bloomberg – 12 hours ago
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