Memorandum of Understanding (MOU) Signing with Singapore Workforce Development Agency (WDA)

A Memorandum of Understanding (MOU) was also signed between WAF and WDA during the Summit, to signify the collaborative efforts that would be fostered to encourage and support employers in developing the potential of their local workforce by advocating a spirit of lifelong learning and encouraging the adoption of progressive HR practices.

This important partnership will help the business community to develop effective HR strategies to attract, retain and groom the best talents. In the increasingly competitive business environment, human capital is the differentiating factor that will enable organisations to thrive and succeed. Having in mind this mission, the Federation is set towards changing the mindsets of SME owners here.

In the belief that Human Resources is more than just an administration task, the Federation aims to work with partners like WDA to engage the SME community through a variety of initiatives and programmes such as its monthly Workforce Champion Series. Partnering leading Workforce Champions whom are exemplary employers, these half-day CEO engagement sessions aim to create interactive and informal learning journeys to engage business leaders through a conducive environment of group sharing on best practices supporting workforce capabilities development in enterprises. The federation’s first Workforce Champion Series was successfully concluded on 29 June 2015 where key takeaways have been posted on its website to benefit the business community.

Ms Julia Ng, Senior Director of the Enterprise Development Group at the Singapore Workforce Development Agency said, “Human capital development is a key enabling factor to the success of the SkillsFuture movement. Employers will need to embrace progressive HR practices, value and develop their employees, so as to help their businesses transform to be more competitive and future ready. The series of peer learning initiatives such as the Communities of Practices and learning journeys will help SMEs gain practical advice on shaping their workforce strategies and human resource systems to better attract, develop and retain talents based on skills-based progression pathways.”

Posted on 16 Jul 2015