CapitaLand to invest $5m to upskill workforce

Courses will be offered at the CapitaLand Institute of Management and Business.

CapitaLand Limited will invest $5m to enhance the digital skills and competencies of more than 2,600 Singapore-based employees over the next two years through itsnew Building Capability Framework (BCF), an announcement revealed.

Also read: Only 17% of employees satisfied with learning opportunities from company: survey

Under the BFC, employees may select from a mix of over fifty core, functional, adaptive and digital training modules. CapitaLand will also provide up to $500 training allowance as reward to employees progressing with their training. The group will also offer a one-day training leave to attend digital-related training programmes outside of courses organised by CapitaLand.

Courses will be offered at the CapitaLand Institute of Management and Business (CLIMB), or can also be accessed through the Company Training Committee (CTC) in partnership with the National Trades Union Access (NTUC) and the Singapore Industrial and Services Employees’ Union (SISEU). Topics include digital learning programmes include topics such as data analytics, cloud computing, artificial intelligence, blockchain and cybersecurity, among others.

CapitaLand signed a Memorandum of Understanding (MOU) with SISEU and NTUC at a ceremony held at CapitaLand’s Learning Festival at Capital Tower.

“As companies digitalise and transform, it is equally important for employees to be well equipped with the necessary competencies to leverage technology to be even more productive. Our union leaders can leverage the CTCs as a ground-up approach to ensure that employees are aligned with a company’s transformation efforts, help address any skills gaps, and encourage both parties to grow and succeed together,” Dr. Koh commented about the MOU.