Flexible Work Arrangements the solution to Singapore's manpower ...

"In this difficult time of labour shortage, it is a waste of talent not to give
Singaporeans who want to work the opportunity to do so. This means rethinking the
way we want to work and how we integrate life needs and work expectations," Ms
Claire Chiang, Chairperson of EA said.
"A review on work models and job functions is required where flexible and part-time
work arrangements are seen as professional work options."
"Such part-time and flexible work arrangements help to expand a company’s
capacity and capabilities. Greater use of flexible work arrangements leveraging
technology will allow companies to tap a much larger pool of employees otherwise
unavailable, including a large number of women and older workers with high skill
levels," Ms Chiang said.
Benefits to Companies
By offering flexible work arrangements, companies can gain many benefits including:
Better talent attraction - According to MOM, more than 160,000
economically inactive residents want to find work during the next two years [6] .
Providing flexible work arrangements is the key to accessing this pool of
talent;
Improved talent retention - Companies that can retain experienced and
competent employees will have an edge and will be able to build a talent
pipeline;
Increased productivity - Employees who know their company cares about
their welfare are more engaged and willing to go the extra mile for their
company; and
Cost savings - Higher retention rates will save time and money spent in
recruitment and training of new hires. There will also be savings in downtime
as new hires will also take time to build up their knowledge and experience.
Mobile work, in particular, may result in savings in real estate.
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