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Firms must do more in greying Singapore: Paper
Those that fail to take action risk losing valuable staff, it warns
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The paper, written by London Business School professor Andrew Scott and sponsored by insurance company Prudential, says Singapore is already at the ''international frontier, frequently defining best practice'' when it comes to coping with a rapidly ageing population, but that more needs to be done.
ST PHOTO: LIM YAOHUI
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The private sector is slow in changing corporate culture to meet the needs of Singapore's rapidly ageing population, putting firms at commercial risk, said an expert.
Firms that "fail to realise the need to change their working patterns run the risk of losing valuable staff at all ages".
