Introduction Assessment of Singapore’s workforce management presents a variety of issues that are of concern to the Singapore authorities. Among the issues are the economic growth rate, nationalisation policies, gender and age disparity in the workforce, labour market regulations, microeconomic variables, and the institutions that affects labour and its growth objectives. As a result, some of the major challenges for the Singapore authorities in workforce management are the control of foreign workers and incorporation of the ageing population in the workforce (Ho, Wong, and Wong 2004, p. 6). While this nation attempts to make policies that can efficiently help in facing out these challenges, the population of Singapore that is multiracial and majorly dominated by the Chinese, Malays, Indian and Eurasian, presents an additional test in tackling these issue ( Singapore Year book of Manpower Statistics, 2010 2010). Regulatory Frameworks According to Labour and social trends in ASEAN 2010 (2010), macroeconomic context is where the labour market functions determine the labour outcomes. Nevertheless, the regulatory and institutional frameworks that govern employment and wages in the particular region also affect this factor. As most of the scholars and economic experts consent, Singapore has established macroeconomic environment that is favourable to growth and foster private sector activities, hence swaying economic growth. Precisely, most states are categorised as nations that are highly regulated as the states influence both economic and civil behaviour. This is done by use of restrictive rules where the rights of an individual as well as their preferences are subjected to the ultimate goal of their countries (Kirton and Greene 2010, p. 128). Contrastingly, this nations labour market functions moderately free from government interventions, even with limited arrangement of protective labour laws; there are minimal restrictions from the state. Even though government interventions are limited, the state has the duty of determining wages. This is evidenced by formation of a commission to address the labour unrest with the main aim to advice the government on wage policies as well as recommend wage increases that are related to observed increase in productivity. Majority of the firms in Singapore adopt these recommendations. In doing so, Singapore has been able to keep the pressure of inflation under control as they promote an inclusive economic growth ( Singapore Year book of Manpower Statistics, 2010 2010). Diverse Economic Structure With relevance to the changing integration and the rapid increase in the globalisation, trade is noted to play a key role in economic growth of several countries. For this reason, migration of labour is a key factor noted in the economic growth of several countries ( Labour and social trends in ASEAN 2010 2010). However, this migration is biased as empirical research indicates that most of the movements are into OECD countries. This biased movement causes an imbalanced workforce into these regions. Aided by advancements in technology, communication systems, improved transport facilities, as well as swelling competition in the global market, both the labour outflow and labour inflow across the reg