In 2013, a number of us from my organisation coined the term "Preferential Flexployment" as a viable alternative to structured forms of employment in Singapore (we skilfully played on the terms flexible employment, combined them to create flexployment! Get it? No?)
As mentioned by the newscaster (smugly I might add), it is essentially the idea of part time employment with greater flexibility. Take for example Bakery Hearts, a Social Entrepreneurship wing if you may call it as such (you can find out about Bakery Hearts here, here and here).