What's Happening?
In Singapore, the concept of 'fractional work' is gaining popularity among senior employees as a way to remain engaged in the workforce without committing to full-time roles. This model allows seniors to work part-time or on a project basis, providing
flexibility and the opportunity to contribute their expertise. Companies like BHS Global are exploring fractional arrangements for senior positions, although challenges such as confidentiality and scheduling conflicts remain. The Fractional Directory is working to help employers integrate fractional roles effectively.
Why It's Important?
As the workforce ages, finding ways to keep senior employees engaged is crucial for leveraging their experience and knowledge. Fractional work offers a solution that benefits both employers and employees by providing flexibility and reducing the risk of burnout. This model can help address labor shortages and support workforce diversity by retaining experienced talent. It also aligns with broader trends towards flexible work arrangements.
What's Next?
The adoption of fractional work is expected to grow as more companies recognize its benefits. Employers will need to address challenges related to confidentiality and communication to ensure successful implementation. As the model becomes more widespread, it may influence broader workforce policies and practices, promoting greater flexibility and inclusivity in the workplace.
