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Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey

News Category Global Banking & Finance Reviews Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey  Despite more than half of employers (52%) reporting insufficient employees with the right skill sets to achieve current business goals, not enough is being done to upskill or reskill employees. Only one third of employees (32%) agree or strongly agree that their company provide them with the right training opportunities to enhance work performance, and almost half (47%) are not confident that their current job will be able to support them in their career growth. These are some key findings from NTUC LearningHub’s (NTUC LHUB) The New Normal of Sector Skills report. The report gathered perspectives of 367 business leaders (senior managers or directors and above) and 567 full-time employees working in Singapore with the aim to assess the adequacy of training and employment opportunities for employees across six major

U S Chamber calls for governments to fund rapid training programs

U.S. Chamber calls for governments to fund rapid training programs POLITICO 1/13/2021 By Ryan Heath © Singapore SkillsFuture Singapore s Enhanced Training Support Package for Aerospace created 13,000 highly-subsidized training places, helping companies upskill their workers. U.S. Chamber of Commerce CEO Tom Donohue said Tuesday that a broad-based economic recovery in 2021 depends on reskilling and supporting workers. The usually conservative Chamber is embracing a radical shift on skills policy. “Our lawmakers should fund rapid training programs to connect the unemployed with jobs in new sectors,” Donohue said in a State of American Business address. Employers should take a lead in designing these programs, Donohue said, but said the benefits to workers would be clear-cut: “If we do this right and do it quickly, we will improve the living standard for millions of Americans.”

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