NTUC
\nLearningHub (NTUC LHUB)<\/a>. The research surveyed a total of 564 business leaders
\nacross industries in Singapore, such as Manufacturing, Information and
\nCommunications, Financial and Insurance Services, Wholesale and Retail Trade,
\nand Professional Services. <\/p>\n\u00a0<\/p>\n
Business
\nleaders (63%) reveal that skills mismatch is the most prevalent form of
\nmismatches, as compared to wages mismatch (17%), experience mismatch (18%), and
\nexpectations mismatch (2%). The top three industries most concerned about
\nskills mismatch are public administration, real estate services, and wholesale
\nand retail trade.<\/p>\n
\u00a0<\/p>\n
The
\ntop challenge for business leaders to send their workers for training is
\nfinancial costs (38%), followed by difficulties in identifying relevant courses
\n(37%), and matching employees to training (33%). To encourage them to send
\ntheir workers for training, business leaders say that provision of higher
\ntraining subsidies (73%) and business consultancy services (55%) would serve as
\nincentives. <\/p>\n
\u00a0<\/b><\/p>\n
In
\nview of the demand for higher training subsidies, three in four (75%) of
\nbusiness leaders say that they have participated in training-related
\ninitiatives by the Government, or Labour Movement. However, the overall
\nutilisation of initiatives remains low at an average of 14%. It is therefore
\nplausible that with the wide variety of training-related initiatives targeted
\nat helping employers, most are unsure of which initiative would best address
\ntheir concerns. <\/p>\n
\u00a0<\/p>\n
NTUC
\nwill continue to offer support through its Training & Placement (T&P)
\necosystem to help companies better access and leverage these initiatives.
\nUnions (17.9%) remain one of the top three avenues where business leaders have
\nheard of training-related initiatives, with the others being Human Resource
\nDepartments in the company (27.5%) and Government websites (25.9%).<\/p>\n
\u00a0<\/p>\n
In
\naddition, it was uncovered that unionised companies are more likely to invest
\nin training for their workers. Out of the business leaders who sent their
\nemployees for training in the past six months, 57% were unionised companies
\nwhile 37% were non-unionised companies.\u00a0
\n\u00a0<\/p>\n
Commenting
\non the findings, NTUC Deputy Secretary-General Chee Hong Tat says, “Expanding
\nthe role of the Labour Movement in the national training ecosystem is crucial
\nto shape continuing education and training (CET) for workers. The Labour
\nMovement will continue to work closely with government agencies, employers, Institutes
\nof Higher Learning (IHLs) and CET providers to identity current and future
\nin-demand skills and address the quality and impact of training programmes in
\nrelation to workers’ skills gaps. We encourage employers to work with NTUC, be
\nit through Company Training Committees or the newly-launched Learning eXperience
\nPlatform (LXP), and to tap on the resources available at NTUC’s Training and Placement
\necosystem to strengthen their enterprise and workforce capabilities.”<\/p>\n
\u00a0<\/p>\n
NTUC
\nLHUB’s Chief Executive Officer, Jeremy Ong, says, “One of the ways to overcome
\nthe challenge of filling job vacancies is to upskill and uplift current
\nemployees, as building on existing talents is more cost-effective than hiring
\nnew talents. At NTUC LearningHub, we support business leaders by driving human-centric
\ncompany transformation through outcomes-focused training. Existing employees know
\nthe business the best, in terms of company goals, values, policies and even culture,
\nso the transition will be less disruptive. More importantly, employees will
\nfeel empowered to step up and contribute more to the organisation through expanding
\ntheir know-hows in technical and technology skills. Therefore, career and
\nskills development through training is a key employee value proposition as it
\ndemonstrates companies’ vested interest in the long-haul, to learn and grow
\ntogether.”<\/p>\n
<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"78% of business leaders who report having
vacant job roles are facing challenges in filling these vacancies at their
companies. However, only half (51%) of business leaders say
they have sent their workers for training in the past six months. Unionised companies (57%) are more likely to have
sent their workers for training in the …<\/p>\n","protected":false},"author":1,"featured_media":19665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19664"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19664"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19665"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}