Singapore firms who don’t tap their older workers are missing out on a goldmine
Professionals aged 65 and up have the knowledge and experience that could shape whether a company scales, survives or stalls
Add BT as a preferred source
SPEAKING in Parliament in February 2026, Deputy Prime Minister Gan Kim Yong delved into the implications of Singapore’s total fertility rate hitting a historic low of 0.87, down from 1.24 just 10 years before.
His message was stark: Without intervention, the citizen population could begin shrinking by the early 2040s. Even currently, more than four in five employers already report difficulty finding skilled talent, twice the proportion in 2019.
Meanwhile, Singapore is ageing rapidly. One in five citizens is already 65 or older; by 2026, 21 per cent or more will have crossed this threshold, which is a demographic marker of “super-aged” society. (*see amendment note)
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
