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Panel Discussion
CONCERNS - MATURE, OLDER EMPLOYEES
                          Issues and Challenges organisations faced in relation to managing mature employees



                              As average age of employees rises, health and                                                                    67%

                                          insurance costs go up

                      # 1 concern physical abilities beyond mature
                           Jobs may require                                                                                      43%

                                    and older employees’ abilities
                      As average age of employees rise,
Issues & Challenges




                          Mature and older employees are often unwilling to                                                38%
                      health change or learn newinsurance costs will go up
                                and health things/technology
                          Jobs are not currently structured and re-designed                                              38%


                      #2       for part-time and/or flexible schedules
                         concern
                      Jobs may require and olderwill notabilities beyond mature
                          Concerned that younger manager
                                                 physical be able
                                                                                                                           38%

                             to supervise mature         employees
                      and older workers abilities ( productivity)                                                 26%
                                   Flexible schedules are not often available

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



                                                                                                             % responses

                                           Source: Leading Practices for managing mature employees.                                             2
                                           Tripartite Alliance for Fair Employment Practices 2010
WHAT HEALTH RISKS ARE YOU SEEING IN YOUR
EMPLOYEES, WORKPLACE TO CAUSE CONCERN?
                  High stress   Unhealthy
                  level         employee
                  69%           lifestyle          Overweight
                                43%                18%
      Sedentary
      jobs                          Physical
      27%                           occupational
                                    health risks
                                    20%
I AM CONCERNED BECAUSE POOR EMPLOYEE HEALTH…




High medical,
insurance costs

   Impacts
   productivity
HOW ARE WE MEASURING UP-
     PRODUCTIVITY
All workers,
                    regardless of age




Technology              People-                  Training
                        Health



             Productivity, Profit, Growth, GDP
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”
Min. Manpower Gan KY                                                                       DPM Tharman
20th Jan 2011
                                                                                           Chairman , National
                                                                                           Productivity and
“Investing in safety and
health can benefit your                                                                    Continuing Education
business- productivity &                                                                   Council 10th June 2011
business performance.
                                Workplace health- Making a business case                       •“We will simplify
Failure to devote resources
in safety and health can lead   CDC USA                                                    processes to improve the
to significant business costs   •The workplace is an important setting for health          accessibility and outreach
downstream, such as             protection, health promotion & disease prevention             of our schemes. …
employee compensation,          programs.
absentee turnover, lost         •Workers on average spend more than one-third of their
productivity and damage to                                                                 •Look into effective ways
reputation.”                    day, five days per week at the workplace.
                                                                                           of engaging the public to
                                                                                           foster a culture of
                                •While employers have a responsibility to provide a safe
                                & hazard-free workplace, they also have abundant
                                                                                           continuous improvements
                                opportunities to promote individual health and foster a    as a way to benefit both
                                healthy work environment                                   workers and companies. ..
Min. Health Gan K Y                                                                        •Work closely with
21Sep 2011                      •The use of effective workplace programs, policies,
                                maintaining healthy workforce can                          businesses and workers to
                                      •   Reduce health risks ,                            raise productivity on a
More young people hit by
chronic disease                       •   Lower direct costs such as insurance             sustainable basis, so that
                                          premiums , worker’s compensation                 all Singaporeans can share
                                          claims.                                          in the nation's progress.”
2 in 5 Singaporeans aged 20
years and above are already           •   Positively impact many indirect costs
suffering from at least one               such as absenteeism and worker
chronic ailment                           productivity
Productivity and People- An Age friendly workplace
               Together we will succeed!




       Technology      People-Health   Training




                                                     8
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.
THE SIMPLE ACT OF PAYING
                                      POSITIVE ATTENTION TO
                                      PEOPLE HAS A GREAT DEAL TO
                                      DO WITH PRODUCTIVITY.

                                                      Tom Peters



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.                      10

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  • 2. CONCERNS - MATURE, OLDER EMPLOYEES Issues and Challenges organisations faced in relation to managing mature employees As average age of employees rises, health and 67% insurance costs go up # 1 concern physical abilities beyond mature Jobs may require 43% and older employees’ abilities As average age of employees rise, Issues & Challenges Mature and older employees are often unwilling to 38% health change or learn newinsurance costs will go up and health things/technology Jobs are not currently structured and re-designed 38% #2 for part-time and/or flexible schedules concern Jobs may require and olderwill notabilities beyond mature Concerned that younger manager physical be able 38% to supervise mature employees and older workers abilities ( productivity) 26% Flexible schedules are not often available 0% 10% 20% 30% 40% 50% 60% 70% % responses Source: Leading Practices for managing mature employees. 2 Tripartite Alliance for Fair Employment Practices 2010
  • 3. WHAT HEALTH RISKS ARE YOU SEEING IN YOUR EMPLOYEES, WORKPLACE TO CAUSE CONCERN? High stress Unhealthy level employee 69% lifestyle Overweight 43% 18% Sedentary jobs Physical 27% occupational health risks 20%
  • 4. I AM CONCERNED BECAUSE POOR EMPLOYEE HEALTH… High medical, insurance costs Impacts productivity
  • 5. HOW ARE WE MEASURING UP- PRODUCTIVITY
  • 6. All workers, regardless of age Technology People- Training Health Productivity, Profit, Growth, GDP
  • 7. 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” Min. Manpower Gan KY DPM Tharman 20th Jan 2011 Chairman , National Productivity and “Investing in safety and health can benefit your Continuing Education business- productivity & Council 10th June 2011 business performance. Workplace health- Making a business case •“We will simplify Failure to devote resources in safety and health can lead CDC USA processes to improve the to significant business costs •The workplace is an important setting for health accessibility and outreach downstream, such as protection, health promotion & disease prevention of our schemes. … employee compensation, programs. absentee turnover, lost •Workers on average spend more than one-third of their productivity and damage to •Look into effective ways reputation.” day, five days per week at the workplace. of engaging the public to foster a culture of •While employers have a responsibility to provide a safe & hazard-free workplace, they also have abundant continuous improvements opportunities to promote individual health and foster a as a way to benefit both healthy work environment workers and companies. .. Min. Health Gan K Y •Work closely with 21Sep 2011 •The use of effective workplace programs, policies, maintaining healthy workforce can businesses and workers to • Reduce health risks , raise productivity on a More young people hit by chronic disease • Lower direct costs such as insurance sustainable basis, so that premiums , worker’s compensation all Singaporeans can share claims. in the nation's progress.” 2 in 5 Singaporeans aged 20 years and above are already • Positively impact many indirect costs suffering from at least one such as absenteeism and worker chronic ailment productivity
  • 8. Productivity and People- An Age friendly workplace Together we will succeed! Technology People-Health Training 8
  • 9. 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. THE SIMPLE ACT OF PAYING POSITIVE ATTENTION TO PEOPLE HAS A GREAT DEAL TO DO WITH PRODUCTIVITY. Tom Peters 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. 10