LEADERSHIP
32 the uptake of new technologies will augment jobs , change the nature of work and may push people out of the labour market entirely if they find their skills are now redundant . To manage this uncertainty , Generation Z will need to build up an emergency savings pot to provide income in the event of redundancy . Currently , residents of Singapore are not doing so as only 51 % of residents having a savings pot sufficient enough to last for 6 months .
In a similar vein , the increasingly flexible nature of work , characterised as the “ gig ” economy , will blur the lines between secure employment which
“THE INCREASINGLY FLEXIBLE NATURE OF WORK , CHARACTERISED AS THE ‘ GIG ’ ECONOMY , WILL BLUR THE LINES BETWEEN SECURE EMPLOYMENT [...] AND IRREGULAR WORK ”
— Eryk Lee , CEO , AAM Advisory
APRIL 2020