| Autor: |
Chua, Sheryl, Kang, Soon-Hock, Sim, Nicholas, Shan, Wen Vivien, Fang, Zheng, Han, Sandra May Myo |
| Předmět: |
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| Zdroj: |
Singapore Labour Journal; 2024, Vol. 3, p6-30, 25p |
| Abstrakt: |
The labour force is experiencing an increased proportion of mature workers, alongside a slowdown in the number of young entrants joining the workforce. Many organisations will need to adapt their workforce management strategies to cushion the reduced labour supply in the workforce. This paper explores the implication of this demographic development by utilising a multimethod approach to examine current and future trends in the labour market as well as the key factors that can influence the decisions to remain in the labour market for mature workers and women with caregiving responsibilities. Forecasting methods were applied to explore how various demographic scenarios could impact specific industries. We found that the labour market is generally expected to recover based on the forecasted increase in the job vacancy-to-unemployment ratio and fall in the unemployment rate. At the industry level, however, the manufacturing industry is expected to experience some headwinds in employment growth, which is expected to be weak, while the construction industry is expected to see a decline in employment growth. Finally, job vacancies across all industries are expected to decline over time. From the qualitative study, we found mature workers and women with caregiving responsibilities face challenges such as having limited and unequal access to employment, facing skills gap barriers, and struggling to balance between their personal commitment and professional demands. By addressing the unique needs of mature workers and women with caregiving responsibilities, organisations can adopt successful workforce management strategies to cultivate a diverse and inclusive workplace. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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