Firms should develop own workers instead of hunting for perfect candidate: Chan Chun Sing

SINGAPORE – Many firms nonetheless favor hunting for the perfect candidate fairly than creating those accessible to them, stated Education Minister Chan Chun Sing on Tuesday morning (April 26).

He stated firms wanting solely to usher in recent graduates to inject new expertise or to poach staff with the abilities they want will end in a zero-sum recreation that won’t improve Singapore’s total expertise pool.

Mr Chan, who was talking on the launch of the primary Workplace Learning Conference held on the Lifelong Learning Institute in Paya Lebar, stated Singapore should rethink its strategy to constructing its expertise pool.

He stated: “Too many firms solely search to rent people who have already got the competencies to satisfy their wants.

“Too many companies are also still using the proxy of a degree or diploma in their search process, rather than specifying more specific skill sets in their searches.”

He added that too few firms concentrate on coaching their present pool of workers or hiring individuals who present potential.

Such a scenario will solely result in wages spiralling upwards with out new expertise or capabilities being launched into the workforce, stated Mr Chan, including: “We must all break free from such a mindset if we want to stay competitive as an economy, and as a society.”

He added: “Our progressive companies have shown us that it is possible to do things differently, and quite a few of you are here today with us.”

Addressing the viewers, which included representatives from 9 firms receiving awards underneath the National Workplace Learning Certification scheme, Mr Chan famous that some of them have proven the best way ahead by combining their human assets with studying and growth features.

The certification scheme, run by the National Centre of Excellence for Workplace Learning (Nace), recognises progressive organisations which have buildings and processes in place for good coaching practices on the office.

Instead of wanting for expertise outdoors, these firms develop in-house coaching to construct their own individuals to satisfy new enterprise wants, Mr Chan stated.

One of the businesses receiving the certification was German sensor agency Sick.

Mr Jack Goh, managing director of Sick Product Centre Asia in Singapore and Malaysia, informed The Straits Times that partnering with Nace has helped the corporate construct profession pathways for its staff and develop the enterprise.

He stated it has additionally helped Sick determine and handle expertise gaps, notably in considering out of the field and risk-taking, and that the corporate, which has about 150 staff in Singapore, has seen revenues develop by 58 per cent in 2020 and 45 per cent in 2021.

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