(HCP) Programme Human Capital Development is essential For - PowerPoint PPT Presentation

Human Capital Partnership (HCP) Programme

Human Capital Development is essential For Singapore to maintain its global competitiveness as an economy For employers to attract and retain talent, and grow For workers to have good jobs, good salaries and good careers

Objectives of the HCP Programme Stronger complementarity between local and foreign employees (1/3 complementing 2/3 instead of 1/3 competing with 2/3) Adopt progressive HC practices Stronger Singaporean Skills transfer from foreign Core by investing in the to local employees to development of local enhance capabilities of the employees across all local workforce. Enhance levels (Develop the 2/3) overall competitiveness of the workforce (2/3 + 1/3 > 1)

Support for Human Capital Partners (HCPartners) Progressive employers recognised as HCPartners enjoy the following “3R” benefits: Responsiveness • Dedicated hotline to address queries expediently Green Lane • Priority processing for transactions with MOM Recognition • HCP Mark to recognise them as employers of choice • Invited to share best practices on HC development with peers • Opportunities to be featured in HCP publicity materials Resources • Access to government support and resources such as Adapt and Grow initiatives, Lean Enterprise Development Scheme, WorkPro, SkillsFuture

Examples of HCP-type Programmes and Practices 1) Across Career Stages 2) Across Employees Profile Employment support Best Sourcing Senior schemes Practices, RnF PMEs Level Skills Programmes upgrading and for Mid Mid Training Glocal Talent Career/ Young Mature Development Mature Level Job Redesign/ PMEs Parents Workers Age Mgt Junior Practices Regional Strong Exposure Graduate Level Family Friendly Practices For Hipo Development for Young Parents & back- Programme to-work mothers Nudge vendors/suppliers to adopt progressive human capital practices 3) Across Business Vendors/ Networks Company Suppliers

How HCP Supports Companies’ HC needs Nurture Young Talent for Create Family Friendly Attract, Develop and Retain First Jobs Workplaces Mature Workers • • SkillsFuture Earn & Learn Work Pro (Work-Life Grant) • Work Pro (Job Redesign and Age Programme Management Grants) Support for Develop Glocal Talent Capability Development Mid-Career PMEs • • • Professional Conversion SkillsFuture Leadership Capability Development Grant (CDG) • Programme (PCP) Development Initiative HR Diagnostic Tool • • • Overseas Market Career Support Programme Business Improvement Fund (BIF) Attachment (CSP) *Only for companies in tourism sector • Training Industry Professionals in • P-Max Tourism (TIP-iT) *Only for companies in tourism sector

Examples of HCPartners Nurture Young Talent Develop Glocal Talent for their First Jobs Introduced a two year graduate Internal mobility programme provides high potentials with development programme in regional assignments to gain 2014 for young talent to grow through overseas postings and breadth and depth in understanding operations in rotations across different corporate functions different markets Strengthen Local-Foreign Skills and Complementarity Capability Development Deliberate in bringing in foreign Pairs new and younger employees with vast employees with experienced international experience and employees for them to benefit extensive global networks, to from the expertise and accelerate learning by local perspectives of their more employees senior team members

HCP CEO Breakfast Event (17 Feb 2017) Turnout • Close to 160 representatives from pioneer HCPartners, aspiring firms, tripartite partners and agencies Highlights Presentation of HCP certificates to pioneer HCPartners Minister gave the welcome speech Panel discussion with HCPartners sharing their HC Group photo of pioneer HCPartners philosophy and practices

HCP Publicity Straits Times Editorial Series Business Times Supplement

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