EY Singapore to inject $100m in talent development programmes

This will be over a five-year period.

Ernst & Young LLP (EY Singapore) announced it will allocate $100m over five years in efforts to enhance its talent development and improve the attractiveness of accounting as a profession.

In a statement, EY Singapore said the investment will include an increase in early career compensation as part of a total rewards package. Effective 1 July 2024, the company said new first-year accountancy graduates joining the organisation will be paid an average starting salary of $4,300.

It will also launch the EY Scale, a two-year programme that will allow some individuals to rotate to different service lines, and expose them to various industries and businesses. This will allow them to expand their connections and interest into other fields, EY Singapore said. 

“EY Scale will allow them to develop a diverse set of skills and appreciation of professional services, which will help them to shape their aspirations and future career options. This cross-pollination of experiences will also help us develop high-performing talents that are inquisitive, agile and well-rounded,” said Liew Nam Soon, Singapore country managing partner at Ernst & Young Solutions LLP.

The company said it has also refreshed its Singapore office to create an energising and collaborative environment.

The office also features the EY wavespace, “an innovation centre that brings together business, design and technology, helping companies to accelerate transformation and drive innovation.”