SINGAPORE (CNA) – Insurance provider AIA Singapore has pledged to create up to 500 job opportunities for fresh graduates and mid-career jobseekers to help cushion the blow of rising unemployment amid COVID-19.
Successful candidates will undergo an initial 10-month training programme, leading to three certifications in finance and investment.
Financial support of between SGD2,000 and SGD5,000 per month will be provided during the programme, with a bonus awarded upon completion of certain training modules.
“At a time when so many are impacted by retrenchment or are struggling to find jobs, it is vital that we support Singaporeans and permanent residents by creating sustainable and long-term career opportunities,” said CEO of AIA Singapore Wong Sze Keed in a media release yesterday.
“The AIA Financial Career Scheme 2020 equips individuals with the financial knowledge to pursue a new career path in the financial services industry,” she added.
The scheme is a collaboration between AIA Singapore and AIA Investment Management.
AIA’s hiring initiative comes rising retrenchment and unemployment in Singapore, as the COVID-19 pandemic continues to batter the economy.
In Singapore, retrenchments have spiked along with the unemployment rate. In June, 89,700 residents were unemployed, compared with 76,200 in March.