Upskilling Of Employees In Singapore

By Author: Dipti Ranjan Sahoo
Total Articles: 3
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So, what is upskilling? It means just to learn new skills. It can be as simple as painting to as complex as stock trading. But for a country as developed as Singapore, upskilling is not just about learning new skills, but those which are relevant to the industry they are in. The Finance Minister of Singapore in 2015 has also stressed upon the topic of upskilling as it was important for the development of Singapore’s economy.

A survey conducted by UOB suggested that 9 in 10 of the employees in Singapore would be needing upskilling to say competitive in post-pandemic world. 88% of Singapore employees who participated in the survey believed that it would be difficult to secure new roles in this recession and organizations prefer those who can perform multiple roles. 87% of respondents believe that instead of hiring the employers would digitalise to cut cost for the company. The study also showed that 98% employees belonging to age segment of 56 to 65 require upskilling to stay competitive in the industry which is around 90% for employees between 24 to 55. The pandemic caused by COVID-19 showed the importance of versatility ...
... and continual learning for the employees so that they can become ready to take on changing job demands. With digitalisation trend accelerating, it is essential for the employees to develop skills which would ensure their sustenance in future work which will be dominated by new digital technologies.

But why don’t more Singaporean employees upskill? The prime reason could be the opportunity cost of leaving out on work to spare time for the classes. With such a work culture where the employees are over worked, it is difficult for them to sacrifice their time on classes. For some opportunity cost can also be monetary. But in the pandemic with shrinking economy and increasing unemployment, it is important to upskill with the in-demand skills in the job market.

SpeakIn provides the platform to upskill yourself according to the industry and at your convenience. SpeakIn is a business learning platform that provides firms access to audio-visual content created by 18000+ top thought leaders across genres – sales, management, personal development, motivation and health and wellness learning sessions. Expert content can be consumed in the form of Online master classes, Live virtual sessions and In-person speaker sessions. With content in five languages and growing, SpeakIn aims to bring premium content not only to white collar professionals comfortable in English but also to multi-lingual front-line sales, operational and diversified client-facing workforce. The mode of delivery could be through Blogs, Podcasts, one o one and group interactive sessions which makes the learning hours flexible and convenient. SpeakIn has expanded its network of experts to over 12 countries in Asia including Singapore, Hong Kong, Sri Lanka, Israel, turkey, Malaysia, Indonesia, Taiwan, Thailand, Bangladesh, Philippines and Vietnam. The focus is continuously towards building Asia’s largest AI-enabled platform for experts – with this SpeakIn is all set to become the world’s window to Asian expertise – first of its kind to have been born out of India.