JobTech is turning heads and making headlines.
The platform, named Future Skills Accelerator, offers four main features: internal career mobility, strategic workforce planning, talent marketplace and talent acquisition.
Jointly developed by the IBF, AI startup JobTech, PricewaterhouseCoopers and a group of 15 financial institutions, the platform is scalable and will enable employees to do more self-directed learning and mapping of their career path.
Today I am happy to announce the launch of the Future Skills Accelerator, or FSA in short. FSA leverages AI technology to transform workforce planning and development. It automates the process of identifying skills needed for job roles, personalising training to close the skills gap, and facilitating job mobility within organisations.
FSA will help financial institutions automate the process of identifying skills needed for job roles, personalising training to close skills gap and facilitating job mobility within their organisations. FSA was co-developed by the Institute of Banking and Finance (IBF) with JobTech, PricewaterhouseCoopers with the support of Monetary Authority of Singapore (MAS) and a pilot group of 15 financial institutions.
SSG is already working with workforce analytics firms such as JobTech, JobKred, SalaryBoard, and LinkedIn to trawl the information on the internet, job boards, and talent portals to help identify new and emerging skills relevant for Singaporeans.
SSG publishes these insights on a regular basis to inform individuals of in-demand skills and jobs to guide decisions. We now also publish a yearly Skills Demand for the Future Economy report.
跃大和JobTech Pte Ltd将联手加强职业咨询服务。昨天签署谅解备忘录的双方代表为跃大校长张起杰教授、成人学习学院执行董事李荣安教授、JobTech创始人及首席执行官洪伟仲，以及Economic Development Innovations Singapore Pte Ltd执行董事Abel Ang。
Data analytics, general programming skills and knowledge of Java are the three most in-demand tech skills in the finance sector, according to JobTech’s online census of job postings data this year in the sector.
There is a wage premium for tech roles, but it’s “not homogenous”, said Mr Lee Wei Xuan, a data scientist and labour market analyst at JobTech. “Application developers and data analytics tend to get a slightly higher premium.”
From JobTech’s data, data analytics and application engineering jobs command some of the highest median salaries at S$7,800 and S$7,500 respectively.
Fewer openings in industries affected by pandemic
JobTech, a start-up that provides AI job matching and labour market analysis, said that the ratio of new-graduate to total jobs remained constant from April 2019 to July 2021.
However, as some industries faced a large decline in job openings, there are fewer new-graduate jobs overall, making job seeking difficult, said a spokesperson. Industries dented by the pandemic, such as tourism, are also the worst affected.
JobTech data also showed a large spike in SGUnited Traineeship openings around the second quarter of 2020 when the scheme was introduced, but concluded that they did not seem to reduce the amount of new graduate job postings in many cases.
More than 312,000 National University of Singapore (NUS) alumni will have access to NUS career+, a mobile application that leverages on big data and artificial intelligence to help individuals advance their careers. Jointly developed by NUS and tech startup JobTech, NUS career+ aims to guide users in three areas of career advancement: goal-setting, job recommendations, and suggestions for relevant courses to close skill gaps.