ANNUAL 2016/2017 We operate from two locations Head Office Corporate Learning Centre 60 Paya Lebar Road, #13-45 19 Tanglin Road, #10-01/07 Paya Lebar Square (Lobby 2) Tanglin Shopping Centre Singapore 409051 Singapore 247909 Tel : (65) 6290 7633 Tel : (65) 6827 6927 Fax : (65) 6290 7600 Fax : (65) 6827 6803 Email : [email protected] Email : [email protected] www.snef.org.sg Responsible Employers, Sustainable Business Cover Photos (clockwise from top): • Mr Sam Tan at the Age Management Seminar 2016 • Mr Stephen Lee (extreme left) and Dr Robert Yap (extreme right) with ANNUAL the SNEF-Stephen Lee awardees 2016 • Dr Robert Yap briefing members on NWC Guidelines for 2016 / 2017 2016/2017 We operate from two locations Head Office Corporate Learning Centre • 41st ASEAN Confederation of Employers Meeting 60 Paya Lebar Road, #13-45 19 Tanglin Road, #10-01/07 Paya Lebar Square (Lobby 2) Tanglin Shopping Centre Singapore 409051 Singapore 247909 Tel : (65) 6290 7633 Tel : (65) 6827 6927 Fax : (65) 6290 7600 Fax : (65) 6827 6803 • Training session conducted at SNEF Email : [email protected] Email : [email protected] www.snef.org.sg • Launch of SAPPHIRE at the Second SNEF BeyondSG50 CEO and Employers Forum • Tripartite Retreat 2017 • The Second SNEF BeyondSG50 CEO Roundtable • Dr Robert Yap at the 5th CFE Main Committee Meeting Responsible Employers, Sustainable Business 5th CFE Main Committee Meeting photo on the cover: Committee on the Future Economy https://www.gov.sg/microsites/future-economy/gallery/photos/content/5th-cfe-main-committee-meeting VISION AND MISSION...............................................................................................................01 PRESIDENT’S MESSAGE.....................................................................................................02 ABOUT SNEF ....................................................................................................................04 ▶ The Council ▶ Trustees ▶ Finance Sub-Committee ▶ Industrial Relations Panel KEY EVENTS......................................................................................................09 ▶ Launch of SAPPHIRE ▶ Tripartite Retreat KEY FIGURES..........................................................................................15 MEMBERSHIP PROFILE......................................................................16 MEMBERSHIP BENEFITS...............................................................19 THE SECRETARIAT.....................................................................21 ASSISTING EMPLOYERS IN ADOPTING PROGRESSIVE & RESPONSIBLE EMPLOYMENT PRACTICES.................27 ▶ Corporate Learning Centre ▶ Member and Corporate Relations Division ▶ SNEF-Stephen Lee Award ▶ SkillsFuture ▶ Centre for Effective Workplaces ▶ Industrial and Workplace Relations Division ▶ Centre for Research and Information ▶ Regional and International Cooperation TRIPARTITE AND STRATEGIC PARTNERSHIPS .....................43 ▶ Tripartite Alliance Limited ▶ Global Compact Network Singapore ▶ Singapore Tripartism Forum ▶ Tripartite and Community Relations AWARDS AND ACCOLADES ....................................................................55 LIST OF KEY ACRONYMS USED ..................................................................57 SNEF MEMBERS ................................................................................................58 ▶ Member Companies ▶ Members and their Subsidiaries ▶ Affiliate Members 2016/17 SNEF ANNUAL REPORT i ii SNEF ANNUAL REPORT 2016/17 VISION AND MISSION Our Vision Responsible Employers, Sustainable Business Our Mission To advance tripartism And enhance labour market flexibility To enable employers to implement responsible employment practices 2016/17 SNEF ANNUAL REPORT 01 PRESIDENT’S MESSAGE The future economy would be characterised by workforce demographic changes and technological disruptions. Workforce growth slowed from over 100,000 annually between 2010 and 2014 to 23,300 in 2015 and 8,600 in 2016. It is expected to grow by between 25,000 and 40,000 annually in the next few years. Productivity growth is crucial to sustain competitiveness and to overcome slower manpower growth. In the transition, productivity grew only by 0.5% annually between 2010 and 2015 but has improved to 1.0% growth in 2016. Global research has shown that the more transformative the technology introduced, the longer it would take for companies to adapt1 to raise productivity. According to a SNEF survey, employers reported that they reaped only half the expected productivity gains after one to three years of taking action. They cited the main reasons to be the lack of a culture of excellence and workforce adaptability. Successful organisational transformation will require corresponding workplace and workforce transformations. The Future Economy Bold Transformation Singapore’s GDP growth grew by 2.0% in 2016, Transformation is most effective when it is done compared to 1.9% in 2015. Amidst global pre-emptively. Employers must not wait for threats economic uncertainties, the Ministry of Trade and to emerge or in time of crisis to begin transforming. Industry forecasted that the economy would grow Employers need to transform boldly by setting by 1-3% in 2017. ambitious targets and be willing to make radical To chart Singapore’s next phase of growth, the changes to seize new opportunities. Committee on the Future Economy (CFE) had on To support organisational transformation, the 9 Feb 2017 released its report laying out seven SNEF Agency for Productivity Practices, Human strategies and called for collaborative efforts to Resource and Industrial Relations (SAPPHIRE) achieve GDP growth of 2-3% through productivity was officially launched on 16 February 2017 by growth of 1-2% annually. On 1 May 2017, Prime the Minister for Manpower Mr Lim Swee Say. Minister Lee Hsien Loong announced that The Future Economy Council would be formed to drive the implementation of these strategies. 02 SNEF ANNUAL REPORT 2016/17 SAPPHIRE will help companies to drive The Federation also helps to place jobseekers workplace transformation by integrating in companies through P-Max Place-and-Train productivity practices, human resource and programme and the Professional Conversion industrial relations. These efforts are aligned to Programme (PCP). Under P-Max, we have the recommendations of CFE to help SMEs to assisted over 900 SMEs to recruit, train, manage build new capabilities, transform and grow. and retain 900 new PMET hires since its inception in Feb 2015. SNEF was appointed in March 2017 At the launch, there were 20 early-adopters by Workforce Singapore to administer PCP to or SAPPHIRE “star blazers” who committed to provide greater support for mid-career PMETs embark on the programme. SNEF aims to get to switch into new careers. We will render more 100 companies on board SAPPHIRE within the assistance to members to hire better to reduce first year. the risks of mismatches. Responsible Transformation Transform and Grow SNEF in the Future Economy In the process of transformation, employers should prepare workers by engaging, The Federation is also going through communicating and motivating them to adjust transformation to ensure that it remains relevant and embrace technology and changes. The and continues to play a strong role in the future capability of the workforce must be elevated. economy through advancing tripartism and Workers must be given opportunities to acquire enhancing labour market flexibility to enable and utilise deep skills to stay relevant. Labour- employers to implement responsible employment management cooperation will be key to successful practices. We will continue to review and expand transformation. I urge employers and their unions our programmes and services and do more to work together to transform their relationship to help companies, especially the small and into a stronger partnership to facilitate this. medium-sized employers to excel at responsible employment practices. Nevertheless, some job losses would still be inevitable due to restructuring. Working with our I thank our 3,330 corporate members for your tripartite partners, we have issued guidelines on continued support and I look forward to working managing excess manpower and responsible with you to advance the interests of employers in retrenchment to encourage employers to take a the years ahead. long-term view of their manpower needs. 1 Basu and Fernald, “Information and Communications Technology as a General-Purpose Technology: Evidence from US Industry Data”, German Economic Review, 2007 2016/17 SNEF ANNUAL REPORT 03 ABOUT SNEF >>> The Council Dr Robert Yap Chin Kok Mr Alexander C. Melchers, BBM, PBM President Vice President Executive Chairman Director & General Manager YCH Group Pte Ltd C. Melchers GmbH & Co., Singapore Branch Mr John Ng Mr Douglas Foo Peow Yong, BBM, PBM Vice President Vice President CEO Executive Chairman Singapore LNG Corporation Pte. Ltd. Sakae Holdings Ltd Ms Goh Swee Chen Dr Lim Suet Wun, BBM Vice President Honorary Secretary From 15 Jan 2017 Group Chief Operating Officer, Country Chairman Parkway Pantai Ltd Shell Eastern Petroleum (Pte) Ltd Parkway Group Healthcare Pte Ltd Mr Tan Hee Teck Mr Robert Yap Min Choy Honorary Treasurer Deputy Honorary Secretary Chairman & Chief Executive Chairman Officer Rock Productions Pte Ltd Resorts World at Sentosa Pte Ltd 04 SNEF ANNUAL REPORT 2016/17 Ms Tan Hwee Bin, PBM Mr Han Kwee Juan Deputy Honorary Treasurer Council Member Executive Director CEO Wing Tai Holdings