27 Apr 2020
ISCA CEO, Mr Lee Fook Chiew, was quoted in The Business Times on the question of "How should Singapore address the issue of foreign workers' housing and living conditions? Can/should the economy reduce its reliance on work permit holders?" This is what he has to share:
Being part of the Singapore workforce, foreign workers have contributed to the Singapore economy for many years. Like everyone else, foreign workers should stay in clean and hygienic conditions. With some of their living conditions having been reported to be less than desirable, acceptable standards of living conditions should be made mandatory. This must be provided by employers for the well-being of their foreign workers. Where necessary, regulations should also be in place to enforce such requirements. While business costs may increase as a result, this is necessary not just from a welfare perspective but also from a humanitarian standpoint. To build resilience in the Singapore workforce, and reduce reliance on foreign workers, more can be done, such as through acceleration of technology adoption at all levels of work areas. This becomes more crucial as businesses recover from the pandemic and move into the New Normal. - Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)
This article was first published in "Views From the Top" in The Business Times on 27 Apr 2020.
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