SBF’s Singapore Productivity Awards 2015 honours eight local enterprises
- Eight local enterprises in six sectors are recognised for their leadership and practices that exemplify productivity excellence.
- Two new sectors – manufacturing and infocomm – are added this year.
- Winning companies demonstrated strong productivity culture in investing in people, fostering innovation and efficiency, embracing emerging technologies, as well as delivering superior customer service and performance.
In its second edition this year, the Award winners are from six sectors, namely F&B, hotels, infocomm, logistics, manufacturing and retail. Manufacturing and infocomm are the two new sectors introduced this year. Both sectors are key to the Singapore economy. The manufacturing sector accounts for 18.4% of Singapore’s GDP and employs over half a million people. Faced with key challenges such as rapid changes in technology, tight domestic labour market and globalisation of supply chains, there is a critical need for the manufacturing sector to transform through innovation and productivity. Bolstered by the Smart Nation 2025 plan, the fast-developing infocomm sector, marked by the growth of the Internet of Things and advances in technology innovation, will create new opportunities and act as enabler to all sectors.
Role Models of Singapore Productivity Awards 2015
The eight new role models of this year’s Singapore Productivity Awards are Jumbo Group Limited, Singapore Marriott Tang Plaza Hotel, M1 Limited, CWT Limited, Poh Tiong Choon Logistics Limited, Mencast Holdings Limited, YHS (Singapore) Pte Ltd and Charles & Keith (Singapore) Pte Ltd.
Mr Victor Tay, Chief Operating Officer of SBF, said “SBF would like to extend our heartiest congratulations to the winners of the Singapore Productivity Awards 2015. The eight winners have exhibited exemplary performance in leading a productivity-led culture, embracing technology and innovation, up-skilling employees and enhancing customers’ experience. We hope these winners will serve as role models to spur the wider business community to restructure and transform towards quality-driven and productivity-led growth for long-term business sustainability.”
Representing the manufacturing sector, Mr Douglas Foo, President of the Singapore Manufacturing Federation, commented, “In the manufacturing sector, productivity growth has lagged behind the increase in labour costs. Over the longer term, the only sustainable way for the sector is to cope with the impact of rising business costs is by enhancing productivity through higher skills, innovation and automation. SMF is happy to support the Singapore Productivity Awards in recognising local manufacturing enterprises that have forged ahead in achieving productivity excellence.”
Representing the IT sector, Ms Shirley Wong, Chairman of the Singapore infocomm Technology Federation, said, “In tandem with Singapore’s smart nation vision, many enterprises are starting to ride on the wave of emerging technological trends such as big data and e-commerce. ICT is a critical enabler of innovation and productivity across all sectors. In the light of this, it is encouraging to see this year’s winners in the IT sector and other sectors embarking on innovative technologies.”
Mr Tay added, “As Singapore faces a tight labour market and an aging population, it is important to encourage consumers to use self-serving technologies. Notably, some of our 2015 Awards winners have successfully implemented innovative self-service business models to allow them to operate more efficiently and better serve their customers.”
Assessment criteria of Singapore Productivity Awards 2015
The Awards adopt a two-pronged approach of quantitative and qualitative assessments. For the quantitative assessment, companies are evaluated based on their labour productivity and nine other productivity composite indicators using the Integrated Management of Productivity Activities (IMPACT) framework. For the qualitative assessment, companies are evaluated on various aspects from leadership and strategy, people management, processes and technology to customer engagement.
With the objective to help Singapore companies better identify and resolve their productivity issues, companies could also tap on the Holistics Industry Productivity Scorecard (HIPS) Calculator launched by SBF earlier this month. With the HIPS Calculator, companies can calculate their labour productivity and nine productivity composite indicators online, benchmark against industry peers and track year-on-year performance.
The Awards is supported by knowledge partner, DP Information Group, and the Awards Panel Committee comprises key representatives from SBF, SPRING Singapore, Singapore National Employers Federation, Association of Small and Medium Enterprises, Restaurant Association of Singapore, Singapore Hotel Association, Singapore Logistics Association, Singapore Manufacturing Federation and Singapore infocomm Technology Federation.
Profiles of Eight Winning Companies
Speech by Mr Lim Hng Kiang, Minister for Trade & Industry (Trade)
Welcome Remarks by Mr Lawrence Leow, Honorary Treasurer, SBF and Chairman, SME Committee