People often think of Human Resource as the department responsible exclusively for dealing with worker's salaries and wages, and the place where the dismissals are executed; basically, not-so-important department. But the goverment thinks otherwise. It wants to improve the HR's not so attractive image and enhance the workers' abilities which will enable them to take on key roles in the public sector (governemtn) firms such as Singapore consultancy services.
Part of the campaign is the introduction of a new scholarship which will make Human resource as a vital subject to study as compared to accounting and finance which led to becoming a certified public accountant. This will transform the image of HR, and this would attract companies from all over the world to set up their Human resource offices in this country
leading to an increase in business opportunities in Singapore.
Goh Chok Tong (Senior Emeritus Minister) while speaking to the Singapore Human resource Summit explained how the state can help companies to create effective human resource strategies for Asia and improve business opportunities in Singapore. Investments would be made to develop a rich human capital in Singapore which would then work in collaboration with the government, businesses and intellectuals in Singapore to meet up the growing market trends and opportunities in Asia. This is also keeping in view the immense business opportunities in Singapore. As for the practical implementation of these plans, the Ministry of Manpower (MOM) has set up a National Human Resource Scholarship Programme for the best HR students. This scholarship will be awarded to the top 6 students from various businesses
schools. This will cover their fees and meet expenses such as overseas training programmes. A regular stipend will also be allocated to the students which will be paid in the duration of their training. Plus, they will give a job immediately after they graduate for instance, in Singapore consultancy services.
Yesterday at the same Summit, Tan Chuan- Jin, Minister of State for Manpower and National development awarded this scholarship to five students, who were given employment in firms like Keppel Group, SingTel, CapitaLand, Sakae Holdings et cetera. The Minister believes that these graduates will contribute richly in changing the face of HR in Singapore and more and people would consider Human resource as a viable career similar to being a certified public
Tan Seng Chai, HR officer of CapitaLand, commented that this scholarship programme is great way to bring out real young talent. He said over the years, a huge number of HR personnel have become key decision makers in the business and efforts such as the one mentioned here will be crucial to develop skills in the workforce of Singapore. Along with all rewards mentioned above, Mr. Goh also revealed that MOM also offers National Human resource Book Prizes to
He told the Summit that many HR departments have turned to Singapore now. One of them is the Chartered Institute of Personnel and Development (CIPD) which Europe's biggest HR company and there office in Singapore is the first outside of England. Their presence will benefit business opportunities in Singapore as they conduct research and carry out
programmes. Another HR firm, RBL opened an office in Singapore. Some Japanese firms also followed suite. Mr. Goh stated that Singapore is a place where international companies can create their HR headquarters.