Trends and challenges of developing human capital in Singapore: an analysis of current practices and future potentials

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Permanent URL for this page: http://hdl.voced.edu.au/10707/78314.


Author: Osman-Gani, Aahad M.; Chan, Teng Heng

Abstract:

As one of the most vibrant nations of Asia, Singapore is well known for its dynamic and innovative human capital development initiatives. These are driven mainly by the government policies, with inputs from public sector organizations and large local companies. Human resource development (HRD) related legislations, financial incentives, infra-structural support and deployment of management and info-communication technologies (ICT) help to sustain the national HRD initiatives. This paper presents an analysis of the current practices and future trends and challenges faced by organizations in Singapore. Some of these challenges are: ageing workforce, talent retention and development, rapid technological changes and cross-cultural skills development for working in the emerging markets. Eight trends and challenges identified here are expected to significantly impact the HRD profession in future. Implications of the trends and challenges are also discussed for future research and professional practice.

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As one of the most vibrant nations of Asia, Singapore is well known for its dynamic and innovative human capital development initiatives. These are driven mainly by the government policies, with inputs from public sector organizations and large local companies. Human resource development (HRD) related legislations, financial incentives, infra-structural support and deployment of management and info-communication technologies (ICT) help to sustain the national HRD initiatives. This paper presents an analysis of the current practices and future trends and challenges faced by organizations ...  [+] Show more

Subjects: Workforce development; Outcomes; Technology; Skills and knowledge; Governance; Management; Employment; Teaching and learning; Culture and society

Keywords: Human resource development; Trend; Future; Technological change; Human capital; Government role; Human resources; Ageing workforce; Cross cultural training; Employees

Geographic subjects: Asia; Singapore

Published: Abingdon, England: Routledge Journals, Taylor & Francis, 2009

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Journal title: Human resource development international

Journal volume : 12

Journal number: 1

Journal date: February 2009

Pages: pp. 47-68

ISSN: 1367-8868; 1469-8374 (online)

Statement of responsibility: Aahad M. Osman-Gani and Teng Heng Chan

Resource type: Article

Peer reviewed: Yes

Call Number:
TD/TNC 95.616



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