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                          WHAT’S NEW IN THE JOB MARKET

                          By Rachel Tan

                          Digitalisation has taken the job market by storm, with industries gearing up to innovate and meet the demands of an increasingly technology-driven world.

                          The Skills Framework for Accountancy has determined data analytics, valuation research and analysis, and infocomm technology adoption and innovation to be emerging skills and competencies that will be in high demand over the next few years.

                          The financial services industry seeks to introduce 3,000 new jobs annually, with an additional 1,000 new jobs specifically in financial technology.

                          Various other Industry Transformation Maps (ITMs), such as those of energy and chemicals, sea transport and construction, have also detailed their training plans to adapt to the changes that are being wrought by the surge of digitalisation.

                          To meet growing digital security challenges, an academy led by the Prime Minister’s Office’s Cyber Security Agency is in the works to raise the skills of cyber security professionals in the Government and other key fields of energy, healthcare and transport. A new short-term cyber defence contract scheme will also be introduced by the Ministry of Defence, which will offer training to full-time national servicemen with a knack for cyber security.

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                          The SkillsFuture Advice for Individuals workshops that began in October 2017 are also a valuable resource for people seeking advice on skills, training and job opportunities in their careers. The newly launched SkillsFuture Work-Learn Bootcamp offers both recent graduates and mid-career professionals a kick-start in roles from industries that are seeing high demand and equips participants with role-specific skills.

                          ACCOUNTING

                          The National Trades Union Congress (NTUC) and Singapore Accountancy Commission (SAC) are partnering to safeguard accountancy careers in the face of technological developments and global competition. They will determine positions at risk and ways in which affected employees might retrain and cultivate their communication, analytical, digital and change management skills. This includes developing customised programmes for accountancy and book-keeping clerks to enable them to manage their career progression.(The Straits Times, Aug 7, 2018)

                          ARTS

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                          The Yong Siew Toh Conservatory of Music at the National University of Singapore (NUS) is offering two new music majors for its Bachelor of Music degree programme to improve career options for their students. The new majors — music and society; and music, collaboration and production — enable students to enter varied industries beyond specialising in an orchestral instrument, piano or voice. Graduates can pursue careers in music app development, arts venue management and music production, or even enter the fields of library sciences, media and publishing.(The Straits Times, Aug 20, 2018)

                          AVIATION

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                          The Civil Aviation Authority of Singapore (CAAS) is channelling $120 million to the Aviation Development Fund — in addition to its previous pledge of $160 million. CAAS hopes to support firms with innovative solutions that respond to space and manpower constraints, including unmanned aircraft systems (drones) and automating labour-intensive processes in airport operations. Additionally, the local aviation industry is looking to improve training for aviation workers and develop infrastructure projects that will propel future growth in the air travel sector.天府社区-四川最大的城市生活论坛,四川第一社区 - scol.com.cn:2021-6-15 · 天府社区是四川日报报业集团全媒体中心旗下重点打造的城市生活社区网站，多年来其城市生活品牌深入人心,已成为四川本土具影响力的主流网络互动平台。

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                          The Institute of Banking and Finance (IBF) launched a career centre located at the Monetary Authority of Singapore (MAS) Building that aims to assist finance professionals in mapping out their careers. The centre will offer a one-stop integrated approach to career advice, job matching and skills development.(The Straits Times, Aug 2, 2018)

                          EDUCATION

                          The Early Childhood Development Agency (ECDA) and National Institute of Early Childhood Development are rolling out a new certification course in mother tongue language teaching in 2019. The course, which will first target Malay and Tamil language teachers, will hone the spoken language skills of pre-school teachers and equip them with related knowledge on culture and heritage. Over the next two years, a training bonus of $2,000 will be given to Singaporean or permanent resident pre-school teachers if they go on to teach the language after completing the course.(The Straits Times, Oct 6, 2018)

                          ENGINEERING

                          The Lift and Escalator Sectoral Tripartite Committee suggested a framework of competencies to standardise skills across the sector, and a basic wage of $1,850 to $2,500 for an entry-level position for lift maintenance personnel. This will raise the current industry average of $1,300 to $1,600, and will be competitive with other sectors requiring equivalent skills. There will also be a specialist track for lift technicians who want to hone their technical skills. According to the Ministry of National Development, the wage model will be gradually introduced over three years. The largest 11 firms managing 85 per cent of lifts have pledged to come on board.(The Straits Times, Sept 20, 2018)

                          HEALTHCARE - MEDICAL

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                          Yale-NUS liberal arts undergraduates have the opportunity to pursue a career in medicine with the DukeNUS Medical School partnership that started in August 2018. The tie-up opens a pathway for prospective liberal arts students to pursue the Yale-NUS four-year undergraduate programme and a conditional admission to the Duke-NUS Doctor of Medicine (MD) graduate programme. Successful candidates will graduate with a Bachelor of Science (Honours) or Bachelor of Arts (Honours) degree from Yale-NUS, and a Doctor of Medicine degree from Duke-NUS.(The Straits Times, Jan 16, 2018)

                          HEALTHCARE - NURSING

                          A new two-year degree-level Professional Conversion Programme (PCP) for Registered Nurses, administered by the National University of Singapore (NUS), was announced in 2018 to encourage more locals to join the healthcare sector and make a mid-career switch to nursing. The programme is fully funded by the Ministry of Health (MOH) and Workforce Singapore (WSG) and shortlisted approximately 15 to 20 people during its July 2018 intake. Students will receive allowances of $2,170 to $2,520 a month for the duration of the two-year programme. Graduates will leave with a Bachelor of Science in Nursing from the NUS Alice Lee Centre for Nursing Studies and receive a one-time bonus of $2,000. Graduates will also be required to serve a three-year bond with MOH Holdings and employers will receive an $18,000 incentive for each nurse.(The Straits Times, Feb 3 and 4, 2018)

                          IT AND TELECOMMUNICATIONS

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                          Major insurance companies Prudential, NTUC Income, Great Eastern and MetLife’s LumenLab are collaborating with local tech companies to develop digital products such as chatbots and phone apps. This partnership is part of the Accreditation@SG Digital programme, a government-sponsored initiative led by the Info-communications Media Development Authority (IMDA), which aims to help local tech companies partner businesses in various industries for their collective benefit. There are presently 31 tech firms accredited under the programme, including local data analytics, artificial intelligence (AI) and cybersecurity businesses.(The Straits Times, Sept 26, 2018)

                          LAND TRANSPORT

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                          The East Coast Integrated Depot, which merges three MRT depots (for the East-West, Downtown and the upcoming Thomson-East Coast MRT lines) as well as one for buses, is expected to be completed in 2024. The three-storey MRT depot complex will be able to accommodate around 220 trains. A bus depot, which can contain 760 buses, will be situated next to the train depots.(The Straits Times, Feb 23, 2018)

                          LAW

                          The Ministry of Law has accepted in principle the recommendations of a committee that proposed significant changes to the professional training regime for lawyers. The changes include a stricter Bar exam and a longer duration of training for law graduates who wish to become practising lawyers.(The Straits Times, Aug 31, 2018)

                          LOGISTICS AND MARITIME

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                          The Sea Transport Industry Transformation Map (ITM) announced in 2018 aims to create over 5,000 new jobs and encourage growth through productivity improvements and innovation, especially through the use of automation and digitalisation. Additionally, SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA) and Singapore Maritime Officers’ Union (SMOU) are channelling $12.6 million into a three-year fund for two cadet training programmes: Tripartite Nautical and Engineering Training Award (TNTA and TETA). The objective is to further hone talent in the maritime industry by training 200 Singaporeans to become deck and marine engineer officers.(The Straits Times, Jan 12, 2018; Feb 20, 2018)

                          Career Guide 2019 is available in all leading bookstores and News-stands. You can order the hardcopy of the guide via careerguide.sphevents.com.sg.

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                          Alternatively, you can purchase a digital copy of Career Guide 2019 via Magzter, available on App Store and Google Play.

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