Banking on productivity for sustainable growth
The winners of the inaugural Singapore Productivity Awards are the leading lights in Singapore's efforts to foster a culture of productivity.
AS Singapore companies continue to ramp up their efforts to become sleeker, more efficient organisations, a handful of firms are leading the way in the race to become more productive.
Six of these enterprises were honoured last month at the inaugural Singapore Productivity Awards, an initiative of the Singapore Business Federation (SBF) that recognises organisations for their leadership and business practices that contribute towards labour productivity.
"Singapore's economic transformation towards productivity-led growth has to push ahead if we are to remain competitive in today's global economy. Productivity is a long-term journey that requires a serious mindset shift for both businesses and our workforce. Higher productivity can only be achieved if a collective effort is made by businesses, employees and customers," said SBF chairman S S Teo.
