Firms must do more in greying Singapore: Paper

Those that fail to take action risk losing valuable staff, it warns

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 a
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

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".

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A version of this article appeared in the print edition of The Straits Times on November 13, 2019, with the headline 'Firms must do more in greying S'pore: Paper'. Print Edition | Subscribe