Workforce Singapore to launch Overseas Markets Immersion Programme

The programme will fund companies to build a globally oriented team.

Workforce Singapore (WSG) will launch a programme motivating businesses eyeing overseas expansion to deploy employees with minimal or no international market experience to foreign assignments.

In a speech at the Parliament, Minister for Manpower Tan See Leng said the  Overseas Markets Immersion Programme or OMIP will provide financial support to the companies to help them build a globally oriented team.

"Employees will benefit from reskilling through on-the-job, in-market training in global or regional roles offering good prospects, whether in technology, business development or beyond," Tan said.

The minister said businesses in Singapore will be "better positioned to expand and compete in overseas markets" if they have a "strong globally oriented team."

"Business leaders have consistently told me that overseas experience is valuable for career progression, in particular, for corporate leadership positions. We will do more to help," Tan said.

Tan said OMIP will complement leadership development programmes such as the Ministry of Trade and Industry's Global Business Leaders Programme (GLBP) 

GLBP aims to support businesses that send their Singaporean workers with leadership potential on overseas postings.