Panel Discussion

2 Source: Leading Practices for managing mature employees. Tripartite Alliance for Fair Employment Practices 2010

26%

38%

38%

38%

43%

67%

0% 10% 20% 30% 40% 50% 60% 70%

% responses

Flexible schedules are not often available

Concerned that younger manager will not be able

to supervise mature and older employees

Jobs are not currently structured and re-designed

for part-time and/or flexible schedules

Mature and older employees are often unwilling to

change or learn new things/technology

Jobs may require physical abilities beyond mature

and older employees’ abilities

As average age of employees rises, health and

insurance costs go up

Issu

es

& C

hal

len

ges

Issues and Challenges organisations faced in relation to managing mature employees

# 1 concern

As average age of employees rise,

health and health insurance costs will go up

#2 concern

Jobs may require physical abilities beyond mature

and older workers abilities ( productivity)

CONCERNS - MATURE, OLDER EMPLOYEES

WHAT HEALTH RISKS ARE YOU SEEING IN YOUR

EMPLOYEES, WORKPLACE TO CAUSE CONCERN?

Sedentary jobs 27%

High stress level 69%

Unhealthy employee lifestyle 43%

Physical occupational health risks 20%

Overweight18%

I AM CONCERNED BECAUSE POOR EMPLOYEE HEALTH…

High medical,

insurance costs

Impacts

productivity

HOW ARE WE MEASURING UP-

PRODUCTIVITY

Productivity, Profit, Growth, GDP

Technology Training People-

Health

All workers,

regardless of age

Grow productivity, not just GDP PM Lee Hsien Loong 26 Jan 2010

“Singapore is to adopt a new economic growth strategy

focused more on improving productivity than pursuing growth at all costs.

The reason boils down to the country's land and labour constraints”

DPM Tharman

Chairman , National

Productivity and

Continuing Education

Council 10th June 2011

•“We will simplify

processes to improve the

accessibility and outreach

of our schemes. …

•Look into effective ways

of engaging the public to

foster a culture of

continuous improvements

as a way to benefit both

workers and companies. ..

•Work closely with

businesses and workers to

raise productivity on a

sustainable basis, so that

all Singaporeans can share

in the nation's progress.”

Min. Manpower Gan KY 20th Jan 2011 “Investing in safety and health can benefit your business- productivity & business performance. Failure to devote resources in safety and health can lead to significant business costs downstream, such as employee compensation, absentee turnover, lost productivity and damage to reputation.”

Workplace health- Making a business case

CDC USA •The workplace is an important setting for health

protection, health promotion & disease prevention

programs.

•Workers on average spend more than one-third of their

day, five days per week at the workplace.

•While employers have a responsibility to provide a safe

& hazard-free workplace, they also have abundant

opportunities to promote individual health and foster a

healthy work environment

•The use of effective workplace programs, policies,

maintaining healthy workforce can

• Reduce health risks ,

• Lower direct costs such as insurance

premiums , worker’s compensation

claims.

• Positively impact many indirect costs

such as absenteeism and worker

productivity

Min. Health Gan K Y 21Sep 2011 More young people hit by chronic disease 2 in 5 Singaporeans aged 20 years and above are already suffering from at least one chronic ailment

Productivity and People- An Age friendly workplace

Together we will succeed!

8

Training People-Health Technology

National Productivity Fund .. Technology and Training..

How about the people themselves who are being trained and using the technology ?

• Purposes of Fund 4. —(1) The moneys in the Fund may be withdrawn and applied for all or any of the following purposes only:

• (a) the provision of financing (but not loans) or incentives (including grants and scholarships) to any public authority, enterprise, educational institution or other person (whether in Singapore or elsewhere) undertaking or facilitating any programme on matters relating to productivity enhancement and continuing education;

• (b) the payment of expenses incurred by the Board in the performance of its functions and the discharge of its duties under this Act, including any remuneration or allowances payable to the members of the Board who are not public officers;

• (c) the payment of all expenses incidental to or arising from the administration, investment and management of moneys in the Fund.

10

If you want 1 year of prosperity, …

Grow grain.

If you want 10 years of prosperity, …

Grow trees.

If you want 100 years of prosperity,…

Grow People.

THE SIMPLE ACT OF PAYING

POSITIVE ATTENTION TO

PEOPLE HAS A GREAT DEAL TO

DO WITH PRODUCTIVITY.

Tom Peters