Helping Hands

• Main Author: PAN, Gary
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Accounting; Productivity; government policies; SMEs; small businesses; Human Resources Management
• Online Access: https://ink.library.smu.edu.sg/soa_research/885; https://ink.library.smu.edu.sg/context/soa_research/article/1884/viewcontent/HelpingHandsAP.pdf
• Institution: Singapore Management University

With economic uncertainty prevailing in recent years, Singapore is being confronted with the challenges of managing growing aging population, acute land and labour constraints and rising business operating costs. If left unchecked, these challenges may threaten Singapore’s economic well-being and consequently its status as a global and financial hub. To address these challenges, many believe productivity-driven growth can deliver sustainable and inclusive economic development and improve Singapore’s standard of living over time. The National Productivity and Continuing Education Council (NPCEC), set up to spur Singapore to step up its efforts to boost skills and enterprise productivity, has identified the accountancy sector as one that has the scope for productivity growth and could potentially bring about spill-over productivity effects to other industries (Straits Times, 2012).