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OCBC Financial institution, Tech Expertise Meeting, and the Banking and Monetary Providers Union introduced at this time (March 2) its partnership to introduce a brand new coaching programme.
In keeping with OCBC, the partnership is in keeping with the federal government’s aim to strengthen the coaching and placement ecosystem with the newly-announced Jobs-Abilities Integrator Initiative.
Throughout Price range 2023, DPM Lawrence Wong mentioned that so as to higher optimise coaching and job placement for employees in Singapore, the federal government would practice intermediaries, or ‘Jobs-Abilities Integrators’, to work with {industry}, coaching, and employment facilitation companions.
The programme goals to offer infocomm and tech (ICT) professionals with higher employment outcomes within the banking {industry}.
The programme will goal job seekers and NTUC union members with a background typically expertise. Round 50 to 100 employees are anticipated to finish the primary spherical of this programme, and employees who accomplish that might land themselves a job at OCBC.
Commenting on the brand new settlement, Praveen Raina, Head of Group Operations and Expertise at OCBC Financial institution, mentioned that on the velocity at which expertise disrupts, and provided that expertise abilities are at all times evolving, “shut collaboration between the {industry} and the coaching suppliers helps improve the matching of abilities and job necessities, main to raised outcomes for each the employers and the staff.”
Over the previous few years, OCBC has launched into its digital transformation journey, with an announcement final March that the financial institution plans to rent 1,500 tech skills over the subsequent three years.
OCBC has additionally partnered with Ngee Ann Polytechnic for a customized tech internship programme known as OCBC IGNITE, providing college students the chance to realize sensible work expertise.
They’ve additionally inspired their very own workers to upskill with the Knowledge Certification Pathway, which near 300 of their workers have accomplished, and plenty of others are additionally being retrained and redeployed into new or enhanced roles inside OCBC.
NTUC has introduced assist for the initiative
NTUC Assistant Secretary Normal Patrick Tay expressed assist for the brand new settlement, saying that “the Labour Motion stays steadfast in our dedication to guard and improve jobs and the livelihoods of our employees”.
The brand new partnership “marks a step additional to enhance the work prospects, wages ,and welfare of ICT employees… and to future-proof their careers and obtain a progressive profession development,” he added.
In a brand new report launched at this time, NTUC famous that Singapore confronted a abilities mismatch between the demand and provide of ICT abilities, with the highest three gaps being in cybersecurity and private knowledge safety, cloud, IT Infrastructure and assist, and Enterprise Danger Administration and Enterprise Continuity.
These gaps emerge on account of shifting market circumstances, and using new, refined applied sciences that end in a mismatch of abilities over time, that means that even ICT professionals can fall behind with out constant coaching.
In at this time’s fast-paced economic system, digitalisation and office transformation is inevitable because it continues to affect the best way we work.
Subsequently, it is very important not solely be well-equipped with the related abilities to fulfill the calls for of the office at this time, however we additionally want to organize for the way forward for work. The proper abilities coaching will allow employees to stay agile, embrace transformation, and even adapt to future disruptions.
We have to equip the workforce with industry-relevant vertical abilities for the way forward for work within the digital economic system, supplemented with horizontal abilities equivalent to crucial core abilities (tender abilities) and tech-lite abilities to assist them transition into new and higher job roles.
– Jeremy Ong, CEO of NTUC LearningHub
NTUC has additionally supplied a number of suggestions to uplift the ICT {industry} and its workforce, together with tapping on ICT professionals who’ve retired or are nearing retirement to contribute to the event of the subsequent era of employees.
The report additionally recommends that corporations establish higher-value tech job roles that mid-careerists can doubtlessly transfer into, and to leverage coaching programmes even from exterior of the corporate.
Featured Picture Credit score: NTUC
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