07/17/2024 | Press release | Distributed by Public on 07/17/2024 05:43
Distinguished Guests
Ladies and Gentlemen
1.Good afternoon to all of you. It is my great pleasure to be here to be with you for the SkillsFuture Work-Study Fair, a key event of the SkillsFuture Festival.
2.As you saw, the tagline is "Go for the win with Work-Study Programme". I want to add the word "sure": "Go for the sure win", because I can assure you, it is a sure win if you go with the Work-Study Programme.
3.We introduced SkillsFuture Work-Study Programmes in 2015, almost nine years now, as a unique upskilling pathway that combines classroom learning and structured on-the-job training.
4.Over the years, the Work-Study Programmes have expanded significantly.
5.Indeed, the impressive growth is made possible by win-win partnerships between Institutions, Individuals, and the Industry.
6.Let me share more about how each of them contributes to and benefits from the Work-Study Programme.
7.First, let me talk about the win for our institutions. These institutions are key in meeting both the individuals' and industry's needs and facilitating a match in their interests.
8.Our Institutions of Higher Learning (IHLs), the Institute of Technical Education (ITE), the Polytechnics and the Universities, have to make key shifts for employers to deliver a significant portion of the work-study curriculum via on-the-job training. For example, they work closely with the partner companies to:
9.This is a lot of work by our institutions, but they are all ready, and have already been implementing it.
10.As curriculum specialists, our institutions advise companies on which skills and competencies are better acquired on the job compared to via formal training. They also ensure that the overall training programme delivered is of high quality and, of course, rigour.
11.The overall time and effort spent in consulting with companies is significant but proves to be a worthwhile investment.
12.It allows our IHLs to develop a tighter nexus with industry and understand their evolving skills needs. This can then translate into more relevant, up-to-date, and customised work-study curriculum, greater buy-in from companies and certainly greater confidence for our trainees to take up these programmes.
13.Next, for individuals. We look at the trainees who contribute to their companies through their work, but also benefit tremendously from the Work-Study Programmes.
14.Trainees in the place-and-train Work-Study Programmes are hired by these companies and salaried. They are paid, while they are sponsored by their companies to upgrade to a higher qualification.
15.And your salary is based on the qualification that you already have, so you do not have to worry about getting lower salaries. You will get salaries based on whether you have a diploma, whether you have an ITE certification, and subsequently, get salaried for the qualification.
16.You will also then meet the manpower needs of the respective companies.
17.The programme structure allows these students to put the knowledge that they acquired in the classroom directly into practice at work.
18.Across all place-and-train Work-Study programmes, graduates have enjoyed good employment outcomes. That is the reason why we want to promote that we know that it is a "sure win".
19.The Ministry of Trade and Industry conducted a recent study on the wage outcomes of Work-Study Post-Diploma graduates, that means the ones who already have got their diplomas and go on to their Post-Diploma programmes, from 2018 to 2021.
20.In addition to the positive employment outcomes, the Work-Study Programmes also provide a good solid foundation of knowledge and skills that allow graduates to articulate to further qualifications.
21.Finally, let me talk about the other stakeholder, which is the industry. A win, for the industry, too.
22.Participating companies are critical to the success of the Work-Study Programmes, because they are really the key partners.
23.Companies also speak highly of the value-add that work-study trainees bring.
24.Today, we will be recognising 12 companies for their support and contribution to the Work-Study Programmes. I hope their testimonials can spur more companies to come onboard this rewarding, win-win partnership.
25.Building on this success, the Polytechnics will be launching 10 new Work-Study Programmes this year, including courses in the growing Digital, Green, and Care economies. This will expand the range of training opportunities for our students.
26.SkillsFuture Singapore and the IHLs will continue to assess the demand for new Work-Study Programmes from companies and students and offer new programmes to meet such needs.
27.The growth and positive impact that we have achieved through the Work-Study Programmes was only possible with everyone stepping forward.
28.May such win-win partnerships continue to deepen, and I look forward to seeing more students and companies participate in Work-Study Programmes, and of course, more programmes being offered.
29.Let me conclude by thanking Republic Polytechnic for organising this year's SkillsFuture Work-Study Fair. I wish everyone a pleasant afternoon seeing the exhibitions, and have a fruitful Work-Study Fair.
30.Thank you.