$16m scheme for firms to send workers on overseas postings

WSG initiative aims to help firms expand abroad, build globally competitive workforce

- Krist Boo

Up to 250 local executives are set to gain valuable international experience under a new $16 million scheme set up by Workforce Singapore (WSG).

The Overseas Markets Immersion Programme will subsidise up to 70 per cent of employees' salaries and overseas allowances on these postings of minimally six months over the next two years.

The initiative aims to support companies in expanding overseas while simultaneously building a globally competitive workforce.

Manpower Minister Tan See Leng, who launched the scheme on Nov 15, said the Government hopes to build not just the "knowhow", but the "know-who", of local executives as businesses here increasingly look to branch out.

It has become more apparent in recent years that Singaporeans are falling short in filling leadership positions worldwide, leading to two schemes aimed at boosting global exposure for local workers.

In addition to the new WSG initiative, the Global Business Lead-ers Programme managed by the Economic Development Board is focused on grooming Singaporeans at more senior leadership levels.