According to a recent report by Mercer, dated 27 October 2017, Singapore productivity loss due to sickness absenteeism may reach S$3.3 billion by 2030. This is based on a study released two days earlier. The study reveals that an ageing workforce and medical cost inflation in Singapore are projected to drive up average medical costs per employee by 108% to S$1,973 per year in 2030, representing a mounting financial burden for employers. Mercer, together with Marsh & McLennan Companies’ Asia Pacific Risk Centre (APRC), issued the report on Aging Workforce: Cost and Productivity Challenges of Ill Health in Singapore[1].
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SUPERVISING EDITOR
Mr Fathurrahman Dawoed
EDITOR
Mohksin Mohd Rashid
EDITORIAL TEAM
Ahmad Ubaidillah Mohd Khair
Azeem Liaquat
Nur Izzatie Adnan
Qamar Jannah Fateen
Rifhan Noor Miller
Winda Guntor
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The Karyawan is a publication of the AMP. It is published in association with our research subsidiary, the Centre for Research on Islamic and Malay Affairs.
The views expressed by the authors do not necessarily reflect those of AMP and its subsidiaries nor its directors and The Karyawan editorial board.
© AMP Singapore. All rights reserved.
SUPERVISING EDITOR
Mr Fathurrahman Dawoed
EDITOR
Mohksin Mohd Rashid
EDITORIAL TEAM
Ahmad Ubaidillah Mohd Khair
Azeem Liaquat
Nur Izzatie Adnan
Qamar Jannah Fateen
Rifhan Noor Miller
Winda Guntor
We welcome letters, comments and suggestions on the issues that appear in the magazine. Please address your correspondence to:
EDITOR, THE KARYAWAN
AMP Singapore
1 Pasir Ris Drive 4
#05-11
Singapore 519457
T +65 6416 3966
F
E karyawan@amp.org.sg
The Karyawan is a publication of the AMP. It is published in association with our research subsidiary, the Centre for Research on Islamic and Malay Affairs.
The views expressed by the authors do not necessarily reflect those of AMP and its subsidiaries nor its directors and The Karyawan editorial board.
© AMP Singapore. All rights reserved.