What Are The Pros And Cons Of Skillsfuture

The Singapore has been led by the parliamentary republic, government type with legislative, unicameral parliament. According to the CIA, World Factbook (2016), Singapore has a greatly industrialized and successful free-market economy with remarkable open and free of corruption environment. Higher GDP per capita ($85,700) than most developed countries but stable prices. The country highly depends on exports of consumer electronics, information technology products, medical and pharmaceutical products, transportation, and financial services. Despite the highly industrialized nation, Singapore also faced a huge financial crisis in 2009 as a result of the global financial crisis. However, the government has attempted to restructure the economy by deterring foreign labor dependence. Therefore, the government pays attention to increasing productivity and wages to its nation. Moreover, the government has planned to increase its

Evidently, a major flaw in the system of education is their ability to prepare students for the world of work (Venturini). The system does an amazing job of cramming information about a student's career into their head. However, this does not

Choosing a career that you will have for the rest of your life is a challenge. But if you go for something you, love you will find happiness. In order to become anything in life there are levels of schooling and training you must go through. Which this paper is going to help give a better understanding of the career I am working towards. Along with informing of equity issues, steps towards achieving this career, and many more important factors.

Qualifying training will allow participants to increase the skills necessary for full time, sustainable employment opportunities that provide a living wage.

South Africa has been experiencing a serious skills shortage of the economy, a challenge which has some extent contributed to

According to a survey called “The State of American Jobs”, 54% of workers believe that training/skills development throughout their work will be essential, while 33% says that it is important but not essential. In identifying future candidates, skills should be the focal part of this. The demand for particular occupations or specialties are changing every 5 or 10 years, and this is set to accelerate. Most transferable skills remain constant and are tangible. Skills is the foundation of learning. Many tests have come out in order to test skill competencies. This will help employees identify the best employees for the job.

As time goes by, the labor market has undergone a big change. In the past, employers had been looking for employees who were knowledgeable with quality education while nowadays being knowledgeable and enjoying quality education are no longer sufficient to get a decent job anymore. Employees are required to master skills helpful and useful for their career. Because the basic qualifications for workers have been changed, colleges should put more focus on teaching students skills in order to help them achieve success in the later career after graduation. There are some important skills that are supposed to be taught in colleges, such as specialized skills and industry specific

To address the aforementioned problem, we propose to establish a student guidance centre with the objective to become the hub of career counselling and personality development. The facilities currently available fail to cater to these needs of the students. We will provide thorough counselling to the student which includes aptitude and psychometric tests, detailed profiling, preliminary guidance and expert counselling for him along with his guardians. Herein, the student will be provided with various career options tailored to his needs. He will also be suggested some add-on courses which he can enrol in to in order to gain the competitive advantage over the other students.

The proposed change by the government, aims to help 120,000 adults aged 25 and under. These young job seekers will participate in intensive pre- skills training. This means that the supply of skilled workers will increase because there will be a greater amount of workers that are now skilled (S shifting to S’). 6

It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international

With foreign manufacturing industry entering Singapore market the manufacturing sector and its share in GDP grew from 16.6% in 1965 to nearly 30 % in 1980 and in 1993 manufacturing contributed to about 28 % of the total GDP and accounted for nearly 28% of employment. Singapore’s GDP raise to 13 times between 1960 and 1999. The nation has shown greatly decrease of figure of poverty. (United Nations 2000)

In recent years, due to the influx of foreign ‘talents’ and foreign workers, more and more Singaporeans are migrating to work and study in other countries due to the increasing stress of living in Singapore with increased competition. Some think that the education provided overseas are much better than what is offered in Singapore while others think that there are much more employment opportunities outside of Singapore, where there is a bigger labour pool. However, for myself, I would not like to study or work aboard as I feel that the education system in Singapore is already one of the best if not the best in the region, grooming top quality individuals that is able to help in the development of the country. Employment in the country is also

As mentioned by Neo Chian, the education sector has excellent growth prospects and can become a key contributor to our economy. In order to be a premier education hub in the region, the government has poured in millions of dollars to provide quality education for the locals as well as attracting foreigners to be educated here. While the development of Singapore into an education hub is seen as a major economic opportunity, Singapore also targets to be a tourism hub by 2015. Other factors contributing to the success to the economy growth includes the export-oriented economic policy framework, combined with state-directed investments in strategic

Economic Forces. The current macro-economic environment has very sound foundations, which is of course beyond SkillPower’s direct influence, but does considerably affect the SkillPower organisation and its market, particularly in terms of customer spending patterns as examined

We are heading to 2020 soon, but what happen in Malaysia are we are lacking of skilled workers. In order to improve the economy of our country, we need to enhance our worker’s skills. This can make sure that our country is fully occupied by skilled and talented workers. If our country has shortage skilled workers, then what would happen to our country? Is it possible to defence our country from enemies? How long it would take if we are constantly bringing foreign workers in? Government needs to take initiatives on how to improve our skilled workers. If we want our country to be as one of the leading country, then we must take the necessary steps to make sure that our country can have its own strength in every skill. That is the most important thing that we need to teach them.