Original article

Commentary: Soon you may be competing with talent globally. The Fortitude Budget is a wake-up call

Jun 02, 2020 | 🚀 Fathership
As Deputy Prime Minister Heng Swee Kiat observed during his recent Fortitude Budget speech, a McKinsey study showed that the world has experienced five years of consumer and business digital adoption in the short span of eight weeks since COVID-19 forced a switch to remote working.

Quick to the game, Facebook has realised that it can improve employee retention and tap on talent it previously wouldn't consider moving to big cities, and has recently announced it will "Aggressively" ramp up its hiring of remote workers.

The confluence of the huge spike in global unemployment - with the rising trend of permanent remote working - could buck the anti-globalisation shift that was highlighted in the Fortitude Budget.

At present, we have in place the safety net of quotas for work pass holders working in Singapore, alongside other measures geared at protecting and promoting the Singaporean core.

It is noteworthy that the Government's promise to workers in the Fortitude Budget is that "As long as you are willing to pick up new skills and adapt, to access available opportunities to work or learn, the Government will provide our strongest support to help you."