More exec jobs this year

JOB CREATION       TALENT       GOVERNMENT

Singapore – Thousands of skilled jobs will be created as a result of the surge in economic investments in Singapore.

Job figures were much higher than previously forecasted last year, according to the Economic Development Board (EDB).

When projects committed in 2011 are fully implemented, it is expected to create 20,300 new skilled jobs, the recent release stated.

These numbers are significantly above the initial forecast range of 16,000 to 19,000 jobs for 2012, which is still met with cautious optimism by most firms, if not outright pessimism.

Grooming talent will remain top priority, with talent initiatives launched last year to see a follow-through in 2012.

These reflect plans to anchor Singapore as a Home for Talent in Asia and to get out of the current talent crunch which have affected most industries here.

For instance, the inaugural Singapore Business Leaders Programme – which aims to give participants an in-depth understanding of Asia and Asian markets – will most likely see a re-run this year.

Another scheme, called the Precision Engineering Vocational Continuing Education & Training (PEVC) Initative, will be launched to develop a pool of skilled master craftsmen which would meet the future needs of manufacturing industries in Singapore.

“These efforts will strengthen Singapore's partnership with companies seeking to capture growth opportunities in Asia and globally, and firmly establish Singapore as a strategic location in Asia, for global companies to tap into pan-Asian growth opportunities and for Asian enterprises to access global markets,” Leo Yip, chairman of EDB, said.

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