Drawing on the most extensive study of transformation in small-and-medium sized enterprises (SMEs) in Singapore to date, this report shows that SME transformations in the city-state are indeed skills-biased. Firms that engage in business transformation activities increase their demand for higher skills. However, only SMEs that pursue high value-added transformation pathways generate deeper, more sustainable skills upgrading at scale—through more complex jobs, greater autonomy, and sustained talent development.
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