NTUC LearningHub Survey: Adaptive Skills Most Critical to Business Viability in Covid-19 Era, According to Employers

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SINGAPORE – Media
OutReach
 – 5 June 2020 – Amid the Covid-19 downturn, adaptive skills top the list of workforce competencies
that employers in Singapore consider critical to surviving the economic impact
of the coronavirus outbreak. This is one of the key findings in the recent NTUC
LearningHub
‘s Employer Skills Survey report.

NTUC LearningHub Survey: Adaptive Skills Most Critical to Business Viability in Covid-19 Era, According to Employers

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The survey, which was conducted
during the ‘circuit breaker’ in April 2020 with business leaders across
Singapore, aimed to uncover the most in-demand skillsets in the Covid-19 era. The
findings include the top skills by industry: Built Environment, Essential
Domestic Services, Lifestyle, Manufacturing and Professional Services, and
Trade and Connectivity.

 

Overall, adaptive skills
such as ‘Adaptability and Resilience’ (voted by 56%), ‘Teamwork and
Collaboration’ (voted by 52%) and ‘Innovation’ (voted by 49%) had superseded digital-related
competencies including ‘Digital Marketing’ (voted by 44%) and Project
Management Skills (voted by 43%).

 

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In addition, two in
three employers (65%) deem ‘improving soft skills or adaptive skills’ an
imperative when sending their workers for training during this period, further underpinning
the significant emphasis that businesses are placing on this competency.

 

Commenting on the
findings, NTUC LearningHub’s CEO Kwek Kok Kwong says, “As we enter phase one of
re-opening the economy, we face a new normal. And as the changes persist, so
will the enduring importance of adaptive skills in helping workers and
companies remain resilient. Workers must actively identify gaps in their current
skillsets to determine the areas in which they need to upskill to keep pace
with evolving labour market demands.”

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“Adaptability and
Resilience are especially pertinent during these uncertain times as workers
would need to adjust to new work environments, with remote working being a key
aspect. They will also need to be equipped with the skills that enable them to
quickly recover from challenges arising from the downturn, while keeping up the
morale of their teams. In addition, Teamwork and Collaboration skills would
help workers cope with the evolving world of work as they help increase
productivity and spur innovation. This in turn will help accelerate business
transformation.”

To download the full NTUC
LearningHub’s Employer Skills Survey report, visit https://campaign.ntuclearninghub.com/skills-report.

About NTUC LearningHub

NTUC LearningHub was corporatised in 2004 with
the vision of transforming the lifelong employability of working people. We
work with both corporate and individual clients to provide learning solutions
in areas such as Infocomm Technology, Healthcare, Employability & Literacy,
Business Excellence, Workplace Safety & Health, Security, Human Resources
and Foreign Worker Training.

 

To date, NTUC LearningHub has helped over
21,000 organisations and achieved over 2.5 million training places across more
than 500 courses with a pool of over 400 certified trainers. As a Total
Learning Solutions provider to organisations, we also forge partnerships and
provide a wide range of relevant end-to-end training solutions and work
constantly to improve our training quality and delivery. 

 

For more
information, visit www.ntuclearninghub.com.

NTUC LearningHub Survey: Adaptive Skills Most Critical to Business Viability in Covid-19 Era, According to Employers

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Latest News

New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

  • AECO Energy announces the launch of its operations in Singapore to provide innovation to the open electricity market for businesses with generation 2.0 of its technology and service offerings.
  • The company will introduce three solutions as part of its initial portfolio, customisable to specific business needs.


SINGAPORE - Media OutReach - 13 April 2021 - AECO Energy, a new entrant to Singapore's electricity sector, has today announced the launch of its operations. AECO Energy will be the first-of-its kind energy technology and services company aimed at innovating customer-centric offerings in electricity and renewable energy markets.

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With over 12 years of experience in delivering open market electricity services and solutions to businesses in Australia under the Power Choice brand, AECO Energy is bringing its second generation of services and technology to Singapore for the first time. AECO's second generation delivers on two major offerings.

Firstly, AECO delivers the 'last mile' of value in Singapore Open Electricity Market (OEM) value chain by providing innovative services to assist businesses to manage, plan and make better buying decisions.

AECO is all about enabling increased profits for businesses. AECO has a customer-centric mission to use its low-cost proven technology and expert-led services to enable better business decisions within a complex electricity market with multiple providers and opaque medium- to long-term pricing information. This comes against the backdrop of Singapore's maturing OEM, which gives businesses and consumers the autonomy to buy and choose their electricity providers - the freedom to choose.

AECO Energy's technology platform, MarketPro™ with its unique, electricity futures market simulator Rate Watch™, delivers business and electricity efficiency and empowers businesses through relevant and timely pricing information, while also helping Singapore businesses make better buying decisions via automated tenders and reverse auctions. Moreover, for businesses who do not have the capability and capacity to manage and purchase its own electricity, AECO Energy Portfolio™ delivers scalable buying power with a fully-managed contract management and purchasing aggregation service for small, medium and large businesses.

Alan Jones, CEO, Chairman & Founder, AECO Energy, said: "We are incredibly excited and humbled to be joining Singapore's dynamic energy scene with our low-cost, high-value products and services. Our mission is clear: just like Amazon is revolutionising the 'last mile' of product supply chains with its same day delivery, we are also delivering the 'last mile' of the value chain in Singapore's OEM that enables more businesses better purchasing decisions, more business profitability and growing all of Singapore's economy."

Secondly, with SGX-listed entities, enterprises and multinational corporations (MNCs)' increasing emphasis on sustainability, AECO (through its SustainPro™ offering) will bring for the first-time in Singapore the benefit of AECO's direct relationship with generators of International Renewable Certificates (I-REC). This enables Southeast Asian markets the benefit of medium- to long-term low-cost and structured REC solutions to meet renewable energy targets and sustainability goals. This translates to more profits by providing more predictable costs for businesses in meeting their sustainability and renewable energy goals.

"As a specialised company, unburdened with corporate overheads and distractions from Singapore's local market participants, we can offer companies who are based anywhere in Southeast Asia, sustainability and renewable energy solutions that span markets and countries at a lower and more predictable price. We are honoured to play our part to bring sustainability and increased renewable energy throughout the world and to do so while benefiting our customers' cost structures," continued Mr. Jones.

AECO Energy is introducing three offerings as part of its electricity management solutions:

  • MarketPro™: Businesses can optimise costs and seize market opportunities with exclusive access to customised market price information through AECO Energy's integrated online procurement and management platform equipped with Rate Watch™, a market simulation and automated procurement technology from as low as SGD $149 per month.
  • Portfolio™: Businesses get exclusive access to economies of scale with better buying power through professional and expert-managed energy procurement portfolios overseen by AECO Energy experts. This allows enterprises to focus on their core business while AECO Energy experts will fully-manage their electricity contracts and make better buying decisions on their behalf from as low as an additional SGD $74 per month.
  • SustainPro™: SustainPro focuses on helping businesses meet their sustainability goals at the lowest cost. AECO Energy offers lower costs on the procurement of Renewable Energy Certificates (RECs) and tailored REC supply solutions designed to meet transition needs towards a more sustainable business.

"With the understanding that business needs are unique for every organisation, our energy experts will work closely with customers here in Singapore to help them reduce costs, drive efficiency and make better buying decisions. By providing technology-enabled, insights-driven energy technology solutions, we want to create a profound impact on our customers' businesses to better position them for sustainable growth in the long-term," concluded Alan.


About AECO Energy:

Based in Singapore, the AECO Pacific Group owns and operates the Power Choice and AECO Energy brands. A leading pioneer for more than 12 years in electricity brokerage and consulting services in Asia Pacific focusing on deregulated electricity markets, AECO Pacific helps businesses with electricity procurement and management backed by market intelligence. Transforming and saving businesses more, AECO's combined experience in energy leadership and innovative technology solutions remain unmatched in dynamic and changing energy markets. For more information, visit https://powerchoice.com.au/ and https://aecoenergy.sg/.

NTUC LearningHub Survey: Adaptive Skills Most Critical to Business Viability in Covid-19 Era, According to Employers - Brand Spur
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