Wednesday, July 19, 2017

Josephine Teo to lead PMET job matching efforts in 5 growth sectors: Lim Swee Say
Read more at http://www.channelnewsasia.com/news/singapore/josephine-teo-to-lead-pmet-job-matching-efforts-in-5-growth-9043910





Ricky Lim ·

By appointing an MOS (Minister of State) - for each of the 5 industry sectors :-
This is using the Industry Transformation Map (ITM) method - to target manpower job matching sector by sector as posted in :-

The following is posted on:-

Tuesday, 1 May, 2012 2:57 PM
Ricky Lim

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 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
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Ricky 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.
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Ricky Lim ·
The attention given to each sector by a Cabinet Minister - will provide more focus and targeted approach relevant to each sector - as industry transformed and manpower specifically tune to it.
Ricky Lim · 
Very happy that Finance Minister Heng Swee Keat adopt it to become the Industry Transformation Map (ITM) - to resolve the impact of disruptive technologies to our Economic Sectors - by transforming sectors by sectors.

Also very happy that Digital Economy evolve from each sectors - to cushion the impact of sea ports challenges such as Arctic North Sea route - as virtual economy can cross physical boundaries and propel a 2nd Virtual Economy.

This will have spread a 2nd Economic wing - the Virtual Economy.
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