Jobs Bank "live" with 16,000 vacancies

Singapore's National Jobs Bank was officially launched this morning, and boasts more than 4,300 employers, 12,900 individuals and 16,000 ‘live’ job postings.

The Jobs Bank supports the Fair Consideration Framework, which comes into effect 1 August 2014, and is aimed at helping build a Singaporean workforce. Employers in the country are required to post vacancies for positions paying less than S$12,000 a month on the site for 14 days, before they can offer those roles to a non-local.

The beta version of the site was launched in May, and at present, has about 8,000 jobs targeted at professionals, managers and executives (PMEs).

Read more: What you need to know about the National Jobs Bank

"WDA is pleased to roll out the Jobs Bank as an additional resource to complement existing job matching services available to support local job seekers. The Jobs Bank is intended to benefit all workforce segments and we seek to build an inclusive portal that caters to a wide spectrum of employment and manpower needs," Ng Cher Pong, Chief Executive of WDA, said.

"We would like to encourage all employers and Singaporeans to embark on their hiring and job search efforts through the Jobs Bank."

WDA is also working with private job portals to "develop a more comprehensive database of job vacancies within the Jobs Bank".

"WDA is currently in the consultation phase with private job portals, and will be discussing possible collaboration arrangements in the coming months," a press release said.

Employers registered on the site will be able to advertise and manage job vacancies, receive job applications and resumes online from registered job seekers, and search and shortlist candidates within the portal’s candidate database.

On the other hand, Singaporeans who have an account with the Jobs Bank will be able to, among other things, upload their resumes, receive email or SMS alerts on new job vacancies based on their preferences, and track the status of their applications.

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