Oracle and SkillsFuture Singapore (SSG) signed a Memorandum of Understanding (MoU) on Friday, at Oracle's IMPACT Innovation Summit, whereby Oracle will embed SSG's Skills Frameworks in its Oracle human capital management (HCM) cloud.
The embedment into the cloud, which has artificial intelligence (AI) functionalities, will allow HR professionals, employers and employees to quickly and easily access the Skills Frameworks, as well as help to improve overall talent management.
Speaking at the MoU signing, Senior Minister of State (Ministry of Trade and Industry & Ministry of Education) Chee Hong Tat said: "By supporting lifelong learning and skills upgrading through the SkillsFuture movement, companies can develop the human capital they need to innovate and grow. Industry champions like Oracle are well-placed to take the lead in driving such initiatives."
At the same time, Oracle will work with SSG to extend its commitment to helping professionals, managers, executives and technicians (PMETs) and individuals interested in a career in IT to enter the profession. It will also work closely with SSG to contextualise its curricula design and training programmes with reference to the Skills Frameworks.
The collaboration also supports the SkillsFuture movement by helping organisations equip their workforce with critical and emerging skills that are in demand.
Dr Michael Fung, deputy chief executive (industry), SSG, said: "Disruptions today are happening at an unprecedented rate and we need the industry’s support in getting our workforce ready with the right skillsets to stay relevant and prepared for the future workplace. SSG is glad to have Oracle as a partner in these efforts and we believe that this collaboration will help amplify and extend the SkillsFuture movement as we build a resilient and future-ready workforce."
Serene Sia, managing director, Oracle Singapore, added: "We look forward to doing our part within the national SkillsFuture movement to help Singaporeans realise their full potential through training and career development."
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