Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017

Debated in Parliament on 6 Nov 2017.

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Miss Cheryl Chan inquired about the proportion of contract versus permanent workers, the breakdown of locals versus foreigners, and the retention rate of experienced workers under 40 in the finance industry from 2012 to 2017.
Lim Swee Say reported that over 90% of the local workforce in the financial and insurance services sector were permanent workers between 2012 and 2016, with locals constituting more than 80% of the sector’s workforce.
He also noted that close to 70% of local workers aged below 40 in the sector in 2012 were still working in the same sector in 2016.

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Miss Cheryl Chan Wei Ling

Miss Cheryl Chan Wei Ling asked the Minister for Manpower (a) from 2012 to 2017, what is the proportion of contract versus permanent workers in the finance industry; (b) what is the breakdown of locals and foreigners in this sector over the same period; and (c) what percentage of experienced workers in finance and below 40 years of age continue to remain within the industry.

Lim Swee Say

Consistently between 2012 and 2016, over 90% of the local workforce in the financial and insurance services sector were permanent workers. In addition, locals accounted for more than 80% of the workforce in this sector. Among all local workers aged below 40 who were in the financial and insurance services sector in 2012, close to 70% were still working in the same sector in 2016.

Summary written by AI (learn more)

Miss Cheryl Chan inquired about the proportion of contract versus permanent workers, the breakdown of locals versus foreigners, and the retention rate of experienced workers under 40 in the finance industry from 2012 to 2017.
Lim Swee Say reported that over 90% of the local workforce in the financial and insurance services sector were permanent workers between 2012 and 2016, with locals constituting more than 80% of the sector’s workforce.
He also noted that close to 70% of local workers aged below 40 in the sector in 2012 were still working in the same sector in 2016.

Questions identified by AI (learn more)

Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017 | PAPERCUTS

Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017

Debated in Parliament on 6 Nov 2017.

Summary written by AI (learn more)

Miss Cheryl Chan inquired about the proportion of contract versus permanent workers, the breakdown of locals versus foreigners, and the retention rate of experienced workers under 40 in the finance industry from 2012 to 2017.
Lim Swee Say reported that over 90% of the local workforce in the financial and insurance services sector were permanent workers between 2012 and 2016, with locals constituting more than 80% of the sector’s workforce.
He also noted that close to 70% of local workers aged below 40 in the sector in 2012 were still working in the same sector in 2016.

Questions identified by AI (learn more)

Full Transcript

Miss Cheryl Chan Wei Ling

Lim Swee Say

Summary written by AI (learn more)

Miss Cheryl Chan inquired about the proportion of contract versus permanent workers, the breakdown of locals versus foreigners, and the retention rate of experienced workers under 40 in the finance industry from 2012 to 2017.
Lim Swee Say reported that over 90% of the local workforce in the financial and insurance services sector were permanent workers between 2012 and 2016, with locals constituting more than 80% of the sector’s workforce.
He also noted that close to 70% of local workers aged below 40 in the sector in 2012 were still working in the same sector in 2016.

Questions identified by AI (learn more)

Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017

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Questions Identified

Full Transcript

Miss Cheryl Chan Wei Ling

Lim Swee Say

Summary

Questions Identified

Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017

Summary

Questions Identified

Full Transcript

Miss Cheryl Chan Wei Ling

Lim Swee Say

Summary

Questions Identified