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In this current worldwide recession two governmentagencies namely Sentosa and the WorkforceDevelopment Agency are introducing new schemes in order to help theProfessionals, Managers, Executives and Technicians (PMETs) survive thiscrisis. Introduction of training courses for them and arranging for loans tobear the expenses for training are such two methods. This will enable them toswitch over to a different nature of job. MOM and WDA said that the are goingto introduce more options progressively in the future too.
On Sunday at a tripartite forum between Prime Minister LeeHsien Loong and some 550 union and business leaders, the PSP was announced. This is the Professional Skills Programme (PSP)which is eventually going to bring together all 'current skills' upgrading' andjob assistance schemes in place.
Skills Programme for Upgrading and Resilience or SPUR isgoing to provide funds for all such courses offered under PSP. Besides helpingPMETs switch to new occupations such as educators, hr professionals, registerednurses and pre-school teachers, PSP will also have skills upgrading courses tohelp PMETs improve in their specialty. Upon completion of these part-timecourses, students will received a professional, graduate or postgraduatediploma award.
Professionals working in Financial sector can take atraining course on Risk Management and/or product control at the RiskManagement Institute at the National University of Singapore (NUS) andFinancial Training Institute at the Singapore Management University (SMU).
Engineering professionals in the pharmaceutical andbiologics sectors can be trained in Pharmaceutical Manufacturing (Validation)to become a validation specialist, through another Specialised TrainingProgramme.
A tertiary upgrading for PMETs can also be done throughdegree and post-graduate courses under the enhanced SPUR programme. Interviewswith candidates of executive and graduate programmes shows that indeed there isa strong trend of busy professionals and business leaders heading back toschoo. For Mr Frank Thong, Business Director of Sun T Synergies, it was a welldeserved reward for the years of hard work. ?Going back to school has alwaysbeen at the back of my mind and now with the current economic slow down, I seethis as an opportune time for me to take a step back from the day to dayoperations and go for new challenges. The Executive master of marketingprogramme forces me to shift my thinking paradigms, the case studies andnetworking has been nothing less than phenomenal. I should have done this yearsago, the knowledge I have acquired will certainly help me and my organizationpropel forward in tough global conditions like today. US graduate schools including
Some of the programmes which are designed to be introducedwithin few months are the Master of Science Programme in Integrated CircuitDesign at NTU-TUM (Technical University of Munich), aimed at integrated circuitdesign engineers. Another Double Master of Science Programme in Logistics andSupply Chain Management at NUS-Georgia Institute of Technology for logisticsand supply chain specialists has also been incepted. PMETs have an option to gofor leadership and management skills training too.
WDA plan to organize career workshops for PMETs which isgoing to impart knowledge and guidance to build up communication skills,networking skills, resume writing, and to fare well in interviews through PSP.
But there are some problems in implementation of SPUR.There are requirements of co-payment. This strictness of a 10% co-payment ofcourse fees does not take into consideration the upfront fees that traineesmust pay. This may be difficult for many, as they don't have any concretesource of income. The Ministry of Manpower or the agency has to take theresponsibility to provide trainees with interest-free loans for the co-paidamount, with repayments in installments and the interest to be paid after thetrainee finds a job, which once more, shall be monitored through the CPFsystem.
Professional Conversion Programme (PCPs) will beunattractive to most retrenched PMETs. However, some of the retrenched PMETsmay have skills that have become obsolete will be benefited through PCPs. Butmost of them will have skills that are still an asset. As they are retrenchedbecause of the economic downturn, the PMETs might consider switching over tonew jobs through the PSP.
It has been decided by the authorities that100 jobless executives will be given about S$1.7 million in a year so that theycan go back to school. A stipend of about S$1,400 per month will also be givento them. The decision was taken by the afore-mentioned two government agenciesto help mid-career professionals avoid the direct impact of the currentrecession.
Some of the sectorsare still hiring in this state of global economic crisis. A major one is thetourism sector, which according to MOM, will create around 25,000 jobs over thenext few years in
Keeping in mind these developments, the Manpower Ministry has started anew training programme to help jobless executives make this sustainablecareer-switch.
In the meeting, the acting Manpower Minister Gan Kim Yong said:?Through these courses, we enhance their employability and their mobility. Soeven if they start the job that they may not particularly like, they can learnto like the job. Also, they may continue to look for opportunities for upwardmobility as well as for more opportunities in other sectors."
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