Singapore's largest lender DBS Bank on Tuesday said it will proactively re-skill 1,500 workers in the next 18 months, in an effort to help employees sharpen their competitiveness and deepen their skillset.
In a first for a Singapore bank, DBS has proactively mapped out eight job roles to help employees in these roles obtain the necessary knowledge and competencies to take on new or enhanced roles within the bank after being re-skilled, the lender said in a statement.
The roles identified are from departments across the bank, such as back-end operations in Consumer Banking and Institutional Banking and client-facing ones in branches, the bnak said.
DBS said it will get partial funding for the programme from Workforce Singapore, with the balance of the re-skilling costs to be borne by the bank.
Employees who are on the programme will undergo classroom training ranging from five days to a month and six months of on-the-job training, the bank said.
In August, DBS became the first Singapore bank to be included as an index constituent of the FTSE4Good Global Index, comprising more than 800 global companies who have demonstrated good ESG (Environmental, Social and Governance) practices.