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HR 0275 Personal and Organisational Development

   

Added on  2020-04-15

14 Pages4011 Words54 Views
Leadership ManagementHigher EducationLanguages and Culture
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Running head: PERSONAL AND ORGANISATIONAL DEVELOPMENTPersonal and Organisational DevelopmentName of the studentName of the UniversityAuthor note
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Table of ContentsPart A: Challenges in the labor market in Singapore.................................................................2Employment opportunities.....................................................................................................2Graduate Training Program....................................................................................................3The political aspect................................................................................................................3Certain perspective.................................................................................................................4Right skills and competencies................................................................................................5Conclusion..................................................................................................................................5Part 2: Career and Personal Development Plan.........................................................................6Importance of skills in the modern world..............................................................................6Feedback from tests................................................................................................................6Career as Marketing Executive..............................................................................................7Career Development Plan As Social Media Marketing Executive in Charles and KeithGroup......................................................................................................................................8References:...............................................................................................................................10
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Part A: Challenges in the labor market in SingaporeThe labor market of Singapore is currently facing a shortage of labors in the market. Itis thought to be the biggest challenge of Singapore regarding the labor market. The reportconcentrates on the labor market conditions of the Singapore market. The aim of the report isto concentrate on the problems faced by Singapore regarding the problems of labor. Theobjective of the report is to analyze the conditions of the labors in the Singapore markets andto find out the reason behind that. Employment opportunitiesSingapore transformed itself to a capital-intensive nation. Earlier they were capital-intensive nation later they transformed themselves to the labor-intensive nation. The hiringactivity in Singapore is modest. The government acts as a linkage between the demands in thelabor market through few agencies who deals with the supply of the labors. The hiringactivity in Singapore is expected to be moderate. The technological revolution proved to bedisruptive in the changing dynamics of business (McKenzie, Theoharides & Yang, 2014).This is compelling the organizations in Singapore to rethink about their hiring strategy. Apartfrom this the factors like the market volatility, uncertainty, ambiguity and the complexities ismaking the organizations in Singapore about their hiring strategies. The jobs in themanufacturing sector and the increasing use of the automation technologies resulted in thefall of certain jobs. The new challenge faced by the companies (Leung, 2014). The best example of this is the twelve month Graduate Training Scheme which issupported by the Economic Development Board in cooperation with an UK-based oilfieldservice MNC. It is done in order to consolidate the dominance of the same as the top threeexport refining company of the world in the lucrative oil and gas industry namely SingaporeWorkforce development agency. Therefore in order to seek employment those industries
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should be preferred which are supported by the government as it benefits the GraduateTraining program. This can be done by doing the initial groundwork in case of infrastructure,labor matching and the increasing industry demand (Gao, Luo & Tang, 2015). Graduate Training ProgramThe Graduate Training Program and schemes are offered by many large employers.The program last just a year in maximum case. In many cases it has been seen that it last foreven two to three years. This includes a defined time frame and defined structure. Thisscheme enables the new recruiters to recruit in order to get settled quickly into a professionalfield. It is able to receive relevant skills development and get hands on experience eitherworking in a specific role within a team or through the working on a number of assignmentsin different areas of the organization over the duration of the training program. This canhappen while an employer has a large graduate intake (Carr, Nosik & Luke, 2016). Thistraining process can be well understood through the accountancy and the financialmanagement services. It helps to improve the skills of finance and the accounts in suchtraining. The individuals who intend to pursue their career in accountancy it is important forhim to have knowledge regarding accounts. He should be well acquainted with thecalculations regarding the accounts and he should have all knowledge related to suchcompanies. It includes the specialization of certain calculations, the knowledge of which canbe attained through the training programs (Cochran & Robohm, 2015). The political aspectThere has been a growth in the GDP in the market of Singapore. It can be terms as adramatic increase. The influx of foreigners has created less opportunity in the job fields andthe labor market in Singapore for the natives. The scope set by the Ministry of Education forthem may not necessarily possess skill sets that or prepare them for the professionalqualifications that are coveted by commerce. The best example in such case is a student who
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