Singapore should develop itself as home for talent: minister

17:04, May 10, 2010      

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Singapore's Manpower Minister Gan Kim Yong said on Monday that that Singapore needs to seize this opportunity to position itself as a home for talent to drive business and innovation.

Gan said that the war for talent will intensify when companies expand their talent pool as business picks up, local news broadcaster Channel NewsAsia reported.

At the launch of the new Human Capital Leadership Institute, he said that Asia is set to spearhead the pace of world economic growth in the next few years.

Gan said, "A key thrust of Singapore's economic growth strategy going forward is to enhance workforce capabilities by focusing on skills, innovation and productivity."

"To achieve this, we need to help companies develop progressive talent management and leadership capabilities," he said.

Gan explained that a vibrant talent ecosystem is needed where businesses can find and develop talent capital to helm their operations. In order to realize this, the government is upgrading both the hardware and the software to facilitate the growth of talent centers of excellence.

Source: Xinhua
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