Hello.
From next year, Singapore’s academic streaming system will be dismantled. Students will be able to pursue subjects at different levels under full subject-based banding, not just in search of good grades.
This follows shifts to focus on skills, not grades, with reskilling and upskilling of the workforce a priority. Human capital is the greatest asset in Singapore’s economy, and a digitally skilled workforce is necessary if the country wants more trail-blazing homegrown companies, says Temus’ Srijay Ghosh.
One technological change workers will need to grapple with is artificial intelligence. ChatGPT has been all the rage but should we see it as a threat or a tool? For HR recruiters, generative AI can help with administrative work – but things are grey when clients expect a human touch, says Kerry Consulting’s Agnes Yee.
Another skill of increasing importance? Financial literacy. A higher Central Provident Fund (CPF) monthly salary ceiling is good news for our retirement, but amid high inflation and rising consumer spending, we may need to do more for greater peace of mind, says Endowus’ Samuel Rhee.
How about other life skills? Is driving still an essential skill in our rapidly changing world? Annie Tan says she has a driving licence but has stopped driving for years.
We hope you enjoy the selection of commentaries this week.
Charlene Tan
Editor, CNA Commentary
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