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Singapore’s Jobs Bank to transform into a one-stop online marketplace

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According to Singapore’s Manpower Minister Lim Swee Say, the National Jobs Bank is looking to transform to a “one-stop and non-stop online marketplace.” Having helped many local job seekers to gain access to more jobs, there is about 180,000 registered users up to date.

During a parliament sitting two days ago, Minister Lim highlighted how there were “60,000 active jobs” on the Jobs Bank by 25,700 employers, where every day sees 7,000 job applications from job seekers.

Presently, employers in Singapore have to advertise positions paying less than S$12,000 a month on the site for two weeks, before they can offer those roles to a non-local.

Minister Lim clarified that rather than making compulsory for all companies to post all job vacancies on the Jobs Bank, or getting employers to report hiring outcomes to MOM, the Ministry “will transform the National Jobs Bank into a one-stop and non-stop online marketplace.”

According to Lim, this will “bring together employers, regardless of whether their jobs are in the Jobs Bank, to connect them to active and passive jobseekers, regardless of their age.”

This way, local job seekers are given the added ability to explore new career opportunities and conduct job searches anytime, anywhere without having to wait for the next job fair – be it first-time job seekers, mid-careers looking for their next careers, or mature workers looking to remain active.

Adding to that, Lim brought forward how the Skills Framework will be able to help current job seekers or future job seekers such as vulnerable workers in industries facing poor prospects.

With the Skills Framework, jobseekers are able to clearly see the career paths, occupations, skills requirements and training programmes available to them in every major sector. On top of the current Skills Frameworks for hotel and accommodation services, and early childhood care and education that have already been launched, job seekers can look forward to having more sectors added soon.

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