The Singapore Institute of Management (SIM) and General Assembly have welcomed the government’s Budget 2025 initiatives, which aim to bolster the SkillsFuture programme and strengthen the corporate leadership pipeline. These measures are designed to ensure both individuals and companies remain competitive in a rapidly changing global environment.
Sima Saadat, Singapore Country Manager at General Assembly, praised the government’s commitment to upskilling through expanded SkillsFuture schemes. She highlighted the importance of not only focusing on individual skill development but also supporting companies in their transformation efforts. “Tech is no longer just big tech; every industry is becoming a tech industry,” Saadat noted, emphasising the need for organisations to enable their workforce to grow beyond traditional roles.
Mr Ho Seong Kim, CEO of SIM Academy, echoed these sentiments, stressing the critical need for lifelong learning and upskilling. He identified leadership, sustainability, and core skills such as communication as key areas for development in 2025. Furthermore, he highlighted the government’s focus on enhancing the corporate leadership pipeline, particularly for local leaders aspiring to regional and global roles. “To succeed in today’s BANI world, leaders must be able to deal with complexity,” he stated.
The initiatives outlined in Budget 2025 are expected to support both companies and individuals in addressing skill gaps and adapting to future market needs. However, both Saadat and Ho emphasised the importance of proactive engagement from companies and individuals in identifying and addressing these gaps. As Singapore continues to evolve, these measures aim to equip the workforce with the necessary skills to thrive in a complex, tech-driven landscape.
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