How may Singapore strengthen social support systems while still upholding self-reliance?
Maren Schweizer
CEO
Schweizer World Pte Ltd
Singapore’s social support systems are underpinned by individual responsibility and effort, thus enabling self-reliance. For instance, the Central Provident Fund (CPF), which is the key anchor of the Singapore social security system, discourages the notion that benefits are a free good.
Now, it is time to set aside additional fiscal support towards schemes like the Workfare Income Supplement Scheme and Skills future.
We should focus on expanding the ability to operate in a wholly digital environment, strengthening social and emotional skills to ensure effective collaboration, and building adaptability skills to thrive during an evolving situation down the road. Adapting our employees’ skills and roles to the post-pandemic ways of working will be crucial to building operating-model resilience for businesses.
