Media Releases 10 Oct 2019 Updated 08 Dec 2020 Enterprise Singapore launches Global Ready Talent programme to support local enterprises’ overseas growth by equipping young talent with global skill-sets Share: MR No.: 060/19 Singapore, Thursday, 10 October 2019 Enterprise Singapore launched the Global Ready Talent programme (GRT) today, with 60 Singapore companies coming on-board to offer 110 overseas internship positions and 86 management associate positions. GRT aims to build a pipeline of talent to support the global aspirations of Singapore companies, by exposing young talent to overseas work opportunities and equipping them with in-market knowledge and strong cross-cultural understanding. Minister for Trade and Industry Mr Chan Chun Sing was the Guest-of-Honour at the event. The participating companies come from various industries such as lifestyle and consumer, infocomm and media, trade and connectivity, manufacturing and engineering, and urban solutions and infrastructure services, with majority of the overseas placements positions located in Southeast Asia, China and India. Singapore companies continue to show interest in expanding to the region1, but finding the right talent to manage their overseas operations is often cited as a challenge. Businesses can mitigate this by exposing young talent to in-market experiences early. Overseas stints would equip them with skills related to internationalisation, ranging from business and in-market knowledge, to better understanding of cultural and language nuances. These are critical skills that would help companies identify opportunities in the market and navigate the business landscape. A survey2 was conducted by Enterprise Singapore with 3,000 students and 750 graduates across Institutes of Technical Education (ITEs), polytechnics and universities recently. It showed that 86% of students and 70% of graduates were willing to consider an overseas job posting in Southeast Asia. In addition, 97% of them were open to working in a Singapore enterprise. Mr Png Cheong Boon, Chief Executive Officer of Enterprise Singapore, said, “We encourage and support Singapore companies’ efforts to seize new growth opportunities beyond our shores. However, for companies to succeed in their ventures abroad, besides having the right talent, they must ensure that these talents have the ability to understand and navigate the markets. GRT connects exciting regional opportunities from local enterprises with a pipeline of young talent keen to gain in-market experience. The companies we have with us today are committed to investing in grooming their talent, and we hope to see more of such companies coming on-board this programme.”Jyoti Shukla, Director of the World Bank Infrastructure and Urban Development Hub in Singapore, said, “The rapid pace of development and climate change makes it important that resilience be integrated into all infrastructure investments. Our estimates show that on average every US$1 invested in augmenting infrastructure resilience yields US$4 in benefits. The World Bank Group is honoured to draw on Singapore’s deep experience and expertise for the benefit for the broader Asian community.” The GRT programme3 comprises two components, with funding support provided for both: i) GRT (Internships): Enables Singapore enterprises seeking support for its business expansion strategies to offer local and overseas internship placements to students from the ITEs, polytechnics and local universities; ii) GRT (Management Associate): Enables Singapore enterprises to train and deepen in-market knowledge of their young Singaporean employees. The programme supports enterprises posting fresh graduates or young employees with up to three years of work experience, to regional markets such as Southeast Asia, China and India. The overseas posting must be for a minimum period of one year. Enterprise Singapore will partner Trade Associations and Chambers (TACs) and Institutes of Higher Learning (IHLs) to facilitate internship placements. We will work with TACs to evaluate and qualify promising Singapore enterprises to come on-board the programme, and with IHLs to encourage student participation. Singapore companies interested in the programme must be committed to its internationalisation efforts, and possess strong Human Capital practices. For internships, this includes having a clear job scope, learning objectives and mentorship plans. For the Management Associate positions, there must be a clear and structured training and development plan with significant overseas exposure for the young talent. Companies can visit www.enterprisesg.gov.sg/grt for information on GRT; young talent can visit www.enterprisesg.gov.sg/beglobalready for information on internship opportunities. 1 In 2018, seven in 10 Singapore businesses surveyed by the Singapore Business Federation have expanded overseas. The same survey also showed that Southeast Asia continues to be a popular region with more than 80% of companies active in at least one Southeast Asian country outside of Singapore. 2 This was done via sampling. 3 GRT harmonises the i) SME Talent Programme, ii) Young Talent Programme, and iii) Go Southeast Asia Award into one. - End - For media enquiries and/or photos, please contact: Ms Foo Xiao Xuan Corporate Communications T: +65 6433 4400 Email: email@example.com About Enterprise Singapore Enterprise Singapore is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise. We also support the growth of Singapore as a hub for global trading and startups, and build trust in Singapore’s products and services through quality and standards. Visit www.enterprisesg.gov.sg for more information.