To hire foreign talents or groom locals? The Singaporean workforce dilemma

Jieyi, Crystal Tang, and Foo, Koong Hean (2013) To hire foreign talents or groom locals? The Singaporean workforce dilemma. In: Proceedings of the International Conference on Managing the Asian Century. pp. 609-618. From: ICMAC 2013: International Conference on Managing the Asian Century, 11-13 July 2013, Singapore.

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Many countries depend on profit-oriented corporations to maintain economic growth through employment of their local workforce. This is especially true for Singapore whose only resource is a knowledge-based workforce. In spite of efforts to develop and sustain its indigenous workforce through educational reforms and meritocratic hiring policies, the Singapore government has recognized a need for more skilled workers. This has to come from foreign talents of whom an increase of 40 % is seen since 2007 notwithstanding the growing dissatisfaction of its citizens. Similar sentiments are echoed throughout the world (e.g., in China, Thailand, and Hong Kong) where job security of locals is threatened by immigration policies. Although it appears to be predominantly an economic issue, social and political reasons are implicated as well in governmental policies through the increased reliance on foreign talents in sustaining a competitive workforce. These factors will be evaluated in the paper.

Item ID: 30572
Item Type: Conference Item (Research - E1)
ISBN: 978-981-4560-61-0
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Date Deposited: 08 May 2014 04:37
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140211 Labour Economics @ 50%
17 PSYCHOLOGY AND COGNITIVE SCIENCES > 1701 Psychology > 170113 Social and Community Psychology @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910107 Macro Labour Market Issues @ 40%
91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910202 Human Capital Issues @ 50%
95 CULTURAL UNDERSTANDING > 9504 Religion and Ethics > 950402 Business Ethics @ 10%
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