Increase Productivity with Comaea
Singapore’s Budget 2010 highlights productivity growth as a key factor to move Singapore towards an advanced economy with superior skills, quality jobs and higher incomes. It focuses on building up the capabilities needed for a phase shift in the economy over the next decade, with growth being based on the quality of the workforce rather than the ever-expanding use of manpower and other resources.
With S$5.5 billion committed over the next five years to raise productivity, the government is taking bold steps to achieve its goal of 2% to 3% productivity growth over the next decade.
A key measure highlighted to increase productivity involves raising the skills and creative potential of every worker.
"We will progressively build up a first-class system for Continuing Education and Training (CET) over the next decade. This will be a major investment in our people, up and down the skills ladder.
“Our employers must also empower their people to find new ways to create value, and help unlock every worker’s potential. The best companies already do this; we must spread this enabling culture across all businesses,” said Finance Minister Tharman Shanmugaratnam.
CET and investment in development of the workforce is now more important than ever. At Comaea, we fiercely believe in making human capital work. A competence-based training and development programme can make the difference between a run of the mill and a value adding, strategic based development programme.
A competence-based development programme lets you define employee job profiles that are specific, comprehensive and consistent throughout the organisation. This helps to ascertain if employees possess the required competencies for each job profile he or she is involved in.
By applying this framework, strategic development decisions that are backed by facts can be made. Increase productivity today by developing a job profile specific competent workforce.
