SICC | Singapore International Chamber Of Commerce | Raffles Quay – The voice of international business in Singapore
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SICC
5 NOV 2024  |  ISSUE 530
 
MEMBERCONNECT

 
Dear Members and Friends

The topic of local versus global talent always seems to be bubbling under the surface and flares up every now and then. It is illogical in our small, manpower-constrained, open economy with one of the world’s lowest total fertility rates. Responses to global talent can be emotive because they are driven by feelings of insecurity and fear of job competition. For the last 13 years the topic has been thoroughly flogged to death. It is now time to bury it.

Local versus global talent is illogical in the Singapore context because our country and its economy have always needed local and global talent. Global talent fills gaps in our expertise and knowledge. That is why our government talks about complementary global talent. The key question is how do we make more Singaporeans feel more secure about their capabilities and prospects?

We can all start by reflecting on the facts. Singaporeans have more advantages in education, in employment and in continuous learning opportunities than most people in this world all funded by every taxpayer. All global talent pay tax. Singaporeans have no reason to be insecure or fear job competition: quite the opposite. They have every reason to be confident of their abilities to apply their skills, learn new ones and maximize their prospects. What we should all focus on is integrating local and global talent as successfully as we have integrated our multiracial society. What does that take?

First, there needs to be a welcome extended to global talent from everyone already living here. Most people do this already. Second, a willingness on the part of newly arrived global talent to assimilate and integrate. Most people do this already because it is how they get the most enjoyment out of their time here and increase their effectiveness at work.

So, let’s move on and focus more on integrating local and global talent for everyone’s sake and for the sake of our economy. God knows we all have much more important existential issues to think about and plan for. Things like evolving impacts of climate change and of the technological revolution, for example.

Yours faithfully
Victor Mills
Advisor to the Board & Interim Chief Executive  

 

 

 
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