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SINGAPORE: New Scheme Introduced to Develop Local Talent
September 25, 2015
A new 2 year pilot program is being launched by the Singaporean Ministry of Manpower in order to increase the productivity of small and medium sized companies. From the 1st October 2015, the Lean Enterprise Development (LED) scheme will be introduced with a view to reducing foreign workers in order to create a lean, home-grown workforce.
The initiative makes adjustments to Singapore”s existing Employment Pass and “S” Pass applications, allowing companies to hire temporary foreign workers while recruiting and training local workers in order to develop a strong Singaporean core. The aim is to improve and enhance the expertise of native workers by allowing a small but highly skilled pool of foreign talent to transfer knowledge to a local workforce.
The program is intended to support progressive SMEs with an emphasis on cultivating a small but higher quality pool of local talent.
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