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NTU Academy for Professional and Continuing Education, a Partner for TsingHua University’s Travel and Learn Program

On 15 November 2024 (Friday), during the event “Shaping a Bold New Chapter With You – PaCE@NTU”, Nanyang Technological University (NTU) announced the rebranding of its Centre for Professional and Continuing Education (PaCE) to the Academy for Professional and Continuing Education. Their expanded, high-calibre programmes reflect the commitment to diverse learning pathways that meet changing industry demands, while upholding NTU’s standards of academic rigour and excellence in education and research.

The Academy for Professional and Continuing Education is collaborating with Tsinghua University, China on the upcoming Travel and Learn Program, which is set to launch in March 2025. This program offers a customized executive learning experience, designed to empower professionals with global insights and cutting-edge knowledge through immersive educational journeys.

WiseNet Asia is delighted to support this transformative initiative, bringing its expertise in talent development and executive learning to the program’s implementation.

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Wisenet Asia at the China-Singapore Industry-Education Integration Conference in Chongqing

Wisenet Asia participated in the recent China-Singapore Industry-Education Integration Conference on Connectivity, held from November 10–11, 2024, in Chongqing, China. Hosted by the Chongqing Project Management Bureau (重庆市中新示范项目管理局), this conference brought together leaders from both countries’ educational and business sectors to discuss innovative ways to bridge the gap between industry needs and academic talent development.

Forging New Paths in Talent Development
At the summit, Wisenet Asia’s Director, Wesley Hui, presented on the critical role of industry-education integration in shaping future talent. His presentation, titled “Industry-Education Integration: WiseNet Asia’s Role in Shaping Future Talent,” highlighted how Wisenet Asia supports progressive talent development that aligns with the evolving demands of modern enterprises.


“With rapid technological advancements and shifting industry needs, it’s crucial to bridge academia with real-world applications,” Mr. Hui noted. “Wisenet Asia is committed to facilitating this integration by fostering partnerships that equip students with industry-relevant skills, preparing them to succeed in a competitive, global workforce.”

Strengthening China-Singapore Collaboration in Education
The summit unveiled the China-Singapore Industry-Education Integration Plan, aiming to deepen collaboration between institutions in Chongqing and Singapore. This strategic plan encourages universities and companies from both regions to work together in developing training models that align with enterprise needs, particularly within industries facing skill shortages or rapidly evolving requirements.

This initiative is part of the broader China-Singapore (Chongqing) Connectivity Initiative, which aims to enhance mutual cooperation across sectors like finance, logistics, and information technology, with a strong focus on human capital development.

Advancing On-Site Learning and Real-World Exposure
In addition to the presentations, summit participants, including Wisenet Asia, were invited to a field visit to Chongqing’s Yongchuan District, where they observed a practical example of industry-education integration in action. This visit showcased how educational institutions and local enterprises are jointly developing programs that provide hands-on learning experiences for students, making education more applicable to real-world business contexts.

WiseNet Asia’s Ongoing Commitment
Wisenet Asia’s participation in this summit underscores its ongoing commitment to fostering cross-border collaboration in talent development. The company remains dedicated to working with both academia and industry to create a sustainable, talent-driven ecosystem that meets the demands of today’s economy. By supporting initiatives like the China-Singapore Industry-Education Integration Plan, Wisenet Asia continues to play an instrumental role in developing a skilled, future-ready workforce.

For Wisenet Asia, this event represents more than just a networking opportunity; it’s a step forward in driving meaningful collaboration that ensures students and young professionals are equipped to meet the challenges of tomorrow’s industries.

—End—

Human-Centered, System-Driven: A Talent Transition/Outplacement Success Story

This story is a personal recollection by Wesley Hui, Founder of Wisenet Asia.

Everyone has those emotional moments at work—those times when memories linger because they are so profound and heart-wrenching. Despite the expectation to remain composed, feelings can become overwhelming, especially when working on outplacement/talent transitions projects. At our company, we specialize in outplacement services, and I often reflect on my early experiences in this field.

I remember vividly my twenties at a recruitment company, where I managed talent transitions for multinational corporations as a third-party consultant. One case, in particular, remains etched in my memory. The client was an expat in his forties, a towering figure at over six feet tall with a large frame. When we sat down to discuss his career transition, he began to cry even before our conversation officially started. Caught off guard by the emotional outburst of such a strong man, I was initially unsure how to respond.

Instead of attempting to impose structure in that moment, I chose to connect with him on a personal level. I casually asked about his story in a conversational manner and listened empathetically as he shared his experiences. It became clear that he needed someone to truly hear him, someone who could offer an external perspective. As he opened up, we gradually regain control over the emotional tide that had swept through our meeting.

As we navigated this challenging period together, we engaged in a series of reflective exercises that allowed him to explore his feelings and thoughts. Our actual framework for outplacement consists of several phases of written and consultative exercises.  However, in this particular case, our approach was less about rigid frameworks and more about creating a space for self-discovery and clarity.

Exploring Possibilities: We discussed his past roles and the experiences he enjoyed most, highlighting the aspects of work that truly ignited his passion. This exploration allowed him to envision a future that aligned with his authentic self.

Reflecting on Core Values: We took a step back to identify what truly mattered to him in his career—beyond just job titles and salaries. By understanding his core values, he could prioritize what he wanted in his next role.  This part of our discussion was light and brought some real laughters, especially when we tackled the $50 million question that revealed his real personal values.

Unpacking Strengths: Rather than focusing solely on his skills, we examined the unique qualities that made him who he is. This conversation illuminated his strengths and how they could be leveraged in future opportunities.

Navigating Emotional Terrain: We acknowledged the emotional aspects of his transition, discussing how feelings of uncertainty and fear were natural. By normalizing these emotions, he found a sense of relief and empowerment.

Envisioning a New Path: Finally, we envisioned what his ideal work environment would look like. This creative exercise helped him picture not just a job, but a fulfilling career where he could thrive.

In my experience, the journey of talent transition is as much about emotional support as it is about strategic planning. It’s essential to create an environment where individuals feel safe to express their emotions and uncertainties. By doing so, we empower them to navigate the often tumultuous waters of career change with clarity and confidence.

Embracing the human side of outplacement allows us to help individuals transition successfully while fostering resilience and growth in their professional lives.

Looking back, each successful client transition brings me immense satisfaction; they are a part of my blessings.

—End—

 

 

 

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Shenzhen Stories Brands Going Global Initiative and Global City Civilizations Exchange Make Singapore Debut

The “Shenzhen Stories Brands Going Global Initiative” was recently launched in tandem with the “Shenzhen Stories Initiative for Global City Civilizations Exchange.” This significant cultural and business exchange initiative made its overseas debut in Singapore on September 26, 2023.

Over the course of four days, the Shenzhen delegation visited a variety of companies across Singapore to explore new avenues for collaboration and strengthen ties between the two vibrant cities. The exchange provided a platform for both Shenzhen and Singaporean companies to share insights, discuss potential partnerships, and foster mutual growth in the global marketplace.

As part of this initiative, Wesley Hui, Founder of WiseNet Asia, delivered an insightful talk, contributing to the meaningful discussions that took place during the visit. His presentation highlighted key aspects of cross-border collaboration and the importance of building strong international relationships. 

We are proud to have been part of this initiative, which aligns with our mission to connect businesses and foster global growth.

Watch the original video by Shenzhen Daily here: https://www.youtube.com/watch?v=iZCQ-mmDono

 

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TsingHua University Executive Program in Singapore 25th to 28th, Aug 2024

Theme:  Overview of Investment Climate in Singapore

From August 25th to 28th, 2024, a distinguished delegation from China’s Tsinghua University Executive Program embarked on an insightful journey through the “Overview of Investment Climate in Singapore.” Organized by Tsinghua University and supported by WiseNet Asia Pte Ltd and Netxus Global Pte Ltd, this exclusive four-day event provided participants with a comprehensive understanding of Singapore’s business environment, industry opportunities, economic development, and international fund management. This exclusive four-day program was meticulously curated to connect participants with key players in Singapore’s investment landscape.

Event Highlights:

  • Business Environment and Opportunities: The event provided participants with in-depth insights into Singapore’s thriving business environment. Sessions led by key players from the Economic Development Board (EDB), PwC, and the Singapore Stock Exchange highlighted the strategic advantages Singapore offers to investors, particularly in capital markets and global sales.
  • Economic Development: A detailed exploration of Singapore’s economic landscape was provided by Professor Bernard Yeung, ex-Dean of NUS Business School. His session covered the nation’s growth trajectory, economic challenges, and future outlook, offering participants a comprehensive understanding of Singapore’s economic framework.
  • Sustainable Development: The event also focused on sustainable urban development, with a visit to Sembcorp Urban. Discussions centered on how Singapore integrates sustainability into its urban planning, a crucial aspect of its long-term economic strategy.
  • International Funds Management: A session on global fund management featured speakers from Union Bancaire Privée (UBP) and Lee & Lee law firm. They covered essential topics such as economic market outlooks, financial laws, investment structures, and FX hedging, providing participants with a global perspective on fund operations.

Key Outcomes:

The event offered significant value to the diverse group of participants from the Tsinghua Executive Program. Through their engagement with Singapore’s business and investment community, these executives, with their varied age ranges and professional backgrounds, gained critical insights into the intricacies of the local market. The program fostered a deeper understanding of Singapore’s strategic economic advantages, equipping the participants with knowledge and connections that will be instrumental in their professional growth and future business endeavors.

Speakers and VIPs:

  • Ms. Ng Chuen Yin: Founder, Brave Feats Student Care
  • Prof. Bernard Yeung: Ex Dean of NUS Business School (NUS)
  • Mr. Michael Blakes: CEO Asia, Union Bancaire Privée (UBP)
  • Mr. Desmond Woo: Deputy Director, Career and Global Experience, Nanyang Technological University (NTU)
  • Mr. Ho Kah Chuan: Founder of Go Global Gem Group
  • Mr. Carlos Casanova: Senior Economist, Asia (Director), Union Bancaire Privée (UBP)
  • Mr. Louis Tan: Managing Director, Union Bancaire Privée (UBP)
  • Mr. Joel Teo Zhu En: Partner at Lee & Lee

Related Stories:

https://mp.weixin.qq.com/s/YVRPKVmhw2V3zXUNfImqdw.  Published in Chinese.  Credits to 清华终身学习.

 

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SUSS and WiseNet Asia Launch Success Academy in Malaysia

SUSS and WiseNet Asia Launch Success Academy in Malaysia to Foster Entrepreneurship, Innovation & Regional Social Impact

The Academy will offer programmes with cross-cultural industry experiences to empower students and executives for success in the global business arena.

Kuala Lumpur, Malaysia, 23 August 2024 – The Singapore University of Social Sciences (SUSS) and WiseNet Asia, a talent solutions and consultant company, today launched the SUSS Success Academy in Kuala Lumpur, unlocking new learning and training opportunities for students in Singapore and Malaysia.

The occasion was marked by an opening ceremony at The Gardens – A St Giles Signature Hotel in Kuala Lumpur and attended by over 100 guests from both countries, including representatives from institutions of higher learning, as well as industry partners and community partners. The ceremony was presided over by Mr. Vanu Gopala Menon, High Commissioner, Singapore High Commission in Kuala Lumpur, and Dr Ong Kian-Ming, Pro Vice-Chancellor, Taylor’s University.

Success Academy will connect partners from Singapore and Malaysia

Grounded on SUSS’ commitment to learning for life and creating social impact, the Academy will serve as a key nexus for academic and industry partners from both countries, fostering partnerships and grooming well-rounded future leaders capable of excelling and making positive contributions to society.

Through the Academy’s two distinct tracks – Personal Success and Professional Success – SUSS will offer opportunities for students from SUSS and other Singapore pre-tertiary and tertiary to co-learn and co-innovate with students from Malaysia. This will include various comprehensive programmes such as interdisciplinary global learning courses and student exchanges. Additionally, SUSS students will have the chance to gain professional experience in the region through work attachments and internships.

Key initiatives include:

Student Leadership Development in Social Sustainability: In partnership Belum Eco Resort located in Temenggor, SUSS will leverage the resort’s facilities to develop a place-based education programme and experiential site, known as Camp R.A.I.S.E. By exploring the surrounding natural environment, students will engage in hands-on activities and projects that emphasise practical applications of sustainability concepts, and they will also have opportunities to participate in water-related sports. This programme will help students learn about environmental stewardship and sustainable practices, eco-preneurship, and well-being and mindfulness strategies.

Overseas Sports Excellence Programme: To deepen sporting and cultural relationships with Malaysia, more than 80 SUSS student-athletes will conduct friendlies and training sessions with Malaysian athletes across different sporting groups, including football, floorball, bowling, and ultimate frisbee. Beyond its student focus, the Academy, anchored on SUSS’ expertise in adult and workplace learning, will also serve its dual purpose of creating professional training and development solutions for industry partners, organisations, and institutions.

Impact Start-Up Challenge (ISC): The ISC is a credit-bearing course that offers a platform for students from Singapore and Malaysia to learn together and experience the startup ecosystem and work collaboratively to generate ideas, test and pivot their proposal in a real-world setting. The first of such partnerships is with Universiti Kebangsaan Malaysia, enabling both Singapore and Malaysian students to learn and explore business ideas focused on sustainability.

Ecopreneur Innovation Programme (EIP): Participants of the SUSS Ecopreneur Innovation Programme (EIP) embarked on a study trip to Perak in July. The trip aimed to facilitate interactions between the ecopreneurs and local businesses, as well as key players in the startup ecosystem, to explore potential collaborations. In partnership with Belum Eco Resort, the students visited Orang Asli villages to gain insights into the community’s needs, brainstorm innovative business ideas, and develop prototypes aimed at enhancing their well-being.

To further advance our work and partnership in Perak, we are pleased to announce our signing of Memorandum of Understanding yesterday with Bonanza Educare and Perak Academy to promote knowledge exchange and innovation, internship opportunities, and co-design and co-delivery of experiential programmes.

Over the past two years, more than 60 SUSS students have engaged in collaborative learning with their Malaysian counterparts. This initiative, in partnership with Universiti Tunku Abdul Rahman and Universiti Sains Malaysia, is designed to broaden intercultural competencies, equipping students to become responsible and effective global citizens in an inclusive and sustainable world.

SUSS has also developed specialised training programmes for union leaders in the transport sector by leveraging on research from SUSS’ Centre for Applied Research and working with the Transport Federation and Ong Teng Cheong Labour Leadership Institute. These programmes focus on skills development and are being implemented in Kuala Lumpur, Manila, and India.

Professor Tan Tai Yong, President of SUSS, said: “The launch of the SUSS Success Academy in Kuala Lumpur embodies our collaborative spirit and dedication to creating meaningful opportunities for our students and enterprises. As part of our vision to be a university that inspires learning for life and impacts lives, our partnership with WiseNet Asia will offer a multitude of opportunities for students in both countries to further develop their mindsets and skill sets. We are excited about the positive impact this will bring to both nations.”

Mr. Wesley Hui, Founder of WiseNet Asia Pte Ltd, said: “We are excited to join forces with SUSS to establish this representative centre in Malaysia. This collaboration is a pivotal step towards shaping the future of young talents, providing them with opportunities for early-stage development. It will allow us to cultivate and mentor young executives, equipping them to thrive in a dynamic world driven by innovation, cutting-edge technologies, and groundbreaking discoveries.”

The launch of the Success Academy in Kuala Lumpur marks the latest in a series of academy openings as SUSS continues to expand its educational footprint across Asia. Last year, SUSS established three academies in Ho Chi Minh City, Beijing, and Shenzhen. Three days ago, SUSS launched an academy in Bangkok in collaboration with Orange Cap Innovative (OCI) and other partners in establishing an experiential education site for student leadership development focused on Social Sustainability. In the next three months, the University will inaugurate four more academies in Jakarta, Manila, and Mumbai, bringing the total to eight regional academies.

For more information, visit www.suss.edu.sg/success-academy.

For media enquiries, please contact:

Ms. Melissa Ho
Public Relations Executive
Singapore University of Social Sciences
E: melissaho@suss.edu.sg
T: +65 6248 9138

Ms. Regine Chin
GM, Marketing
WiseNet Asia
E: regine.chin@wisenetasia.com
T: +60 11 3688 2990

About Singapore University of Social Sciences (SUSS)

At SUSS, we have a singular vision to be a university that inspires learning for life and impacts lives, regardless of age, background or life path. Our university is a vibrant tapestry of ages and experiences. From recent JC and polytechnic graduates to seasoned professionals, parents seeking new horizons and individuals redefining their careers in their golden years—our diverse community comes together for one common goal: to empower themselves with an education that impacts lives and society.

We offer more than 100 undergraduate and graduate programmes, available in full- and part-time study modes which are flexible, modular and interdisciplinary, catering to both fresh school leavers and adult learners. SUSS also offers a broad range of continuing education and training modular courses for the professional skills upgrading of Singapore’s workforce.

To date, over 47,000 graduates have experienced our unique brand of education. More than 21,000 students are currently pursuing their full- and part-time studies with us.

The Institute for Adult Learning (IAL), as part of SUSS, leads in the field of research on adult and workplace learning and training of adult educators to build capabilities of the training and adult education sector in Singapore and beyond.

For more information about SUSS, please visit www.suss.edu.sg.

About WiseNet Asia

Founded in the year 2011, WiseNet Asia Pte Ltd is a one-stop HR solutions provider and management consulting firm headquartered in Singapore, with other locations in Kuala Lumpur, Chongqing and Hong Kong. WiseNet Asia’s HR solutions consist of talent acquisition, talent transition, talent development and HR outsourcing. WiseNet Asia’s core value is to accelerate human resources development through innovative HR models and knowledge sharing. WiseNet Asia’s Talent Development programmes offer learning and development solutions to inspire and align business leaders in Asia to achieve maximum success. We collaborate with renowned learning organisations in Singapore to customise programmes designed to unlock participants’ potential and boost their skillsets.

For more information on WiseNet Asia, please visit https://wisenetasia.com.

 

From left to right: – His Excellency Vanu Gopala Menon, High Commissioner of Singapore: Professor Tan Tai Yong, President of SUSS; Mr Wesley Hui, Founder, Wisenet Asia; – Dr. Ong Kian-Ming, Pro Vice-Chancellor, Taylor’s University

 

From left to right: Ms Yeo Lay, Dean of Students: Dr Yap Meen Sheng, SUSS Asst Provost; – Professor Tan Tai Yong, President of SUSS; – His Excellency Vanu Gopala Menon, High Commissioner of Singapore; Dr Winston Ong, VP Corporate; Mr Wesley Hui, Founder, Wisenet Asia

—End—

View Launch Video:

Related media links:

Malaysia Malay Mail – https://www.malaymail.com/news/money/mediaoutreach/2024/08/23/suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact/319692

Malaysia Sin Chew  – https://www.sinchew.com.my/news/20240823/mysinchew/5863425

Malaysia The Sun – https://thesun.my/business-news/media-outreach/suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact-HK12906133

Malaysia Malaysian Business – https://mail.malaysian-business.com/index.php/wordpress/item/9641-suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact

Singapore Money FM89.3 – https://www.moneyfm893.sg/media-outreach/suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact-16073/

Australia The Times – https://www.thetimes.com.au/news/news-from-asia/33813-suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact

Australia Business Times – https://www.thebusinesstimes.com.au/companies/news-from-asia/41968-suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-amp-regional-social-impact

Taiwan Business News – https://news.taiwannet.com.tw/c8/139784/SUSS-and-WiseNet-Asia-Launch-Success-Academy-in-Malaysia-to-Foster-Entrepreneurship-Innovation-Regional-Social-Impact.html

Thailand Siam News – https://www.siamnews.net/press-releases/99051-suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact/

Vietnam Vietnam News – https://vietnamnews.vn/media-outreach/1661735/suss-and-wisenet-asia-launch-success-academy-in-malaysia-to-foster-entrepreneurship-innovation-regional-social-impact.html

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Wesley Hui’s Vision for Innovation at Tsinghua University’s China-SEA Educational Leadership and Sustainable Development Forum

Date & Time: November 23, 2023 at 13:30-16:40

Venue: Southeast Asia Center, Tsinghua University (Kura Kura Bali, Indonesia)

Topic: Innovation and Entrepreneurship Practices, cooperation and Prospects between China and Southeast Asian countries

Panelists:

Liu Bo, Managing Partner and General Manager of the Star Venture Capital

Wesley Hui：Founder of WiseNet Asia（Singapore）

Wang Fei, Deputy General Manager of TusStar, CEO of TusStar (Singapore).

Qing Sibo, Senior Partner at Co-Effort Law Firm in Shanghai

Moderator: Ravennan Chen, Director of Asia Pacific od Tusstar,CEO of TusStar (Malaysia)

In an era defined by rapid technological advancements and complex global challenges, fostering international collaboration in education, innovation, and entrepreneurship has never been more critical. The “China-SEA Educational Leadership and Sustainable Development Forum,” hosted by Tsinghua University at its Southeast Asia Center in Bali, Indonesia, on November 23, 2023, brought together a distinguished panel of experts and entrepreneurs to explore these themes. Among the notable speakers was Wesley Hui, the founder of WiseNet Asia, a Singapore-based HR consultancy.

The forum aimed to consolidate high-quality resources and unite stakeholders from both China and Southeast Asia, including government officials, scholars, industry leaders, and entrepreneurs. Their collective goal was to enhance the integration of education, innovation, and Sustainable Development Goals (SDGs), ultimately nurturing future talents and advancing global sustainable development.

 

Wesley Hui’s Insights on Challenges and Opportunities in Southeast Asia

During the panel session titled “Innovation and Entrepreneurship Practices, Cooperation, and Prospects between China and Southeast Asian countries,” Wesley Hui shared valuable insights into the challenges and opportunities faced by entrepreneurs in Southeast Asia.

Challenges and Opportunities

“As an entrepreneur based in Singapore, the journey of building and sustaining a startup in Southeast Asia is marked by both challenges and opportunities,” Mr Hui began. “One of the primary challenges is navigating the diverse regulatory landscapes across different countries. Each nation has its own set of rules and regulations, which can be complex and time-consuming to understand and comply with.”

However, Hui also highlighted the region’s abundant opportunities. “Southeast Asia is a burgeoning market with a young, tech-savvy population. The digital economy is growing rapidly, and there’s a significant demand for innovative solutions across various sectors. This creates a fertile ground for start-ups to thrive.”

Addressing HR Challenges in Startups

Hui emphasized the critical role of human resources in overcoming start-up challenges. “Start-ups often face unique HR challenges, particularly in talent acquisition, transitions, and development,” he explained. “One common challenge is attracting top talent in a competitive market. Start-ups need to offer compelling value propositions to attract and retain skilled professionals.”

To address these challenges, Hui advocated for effective HR solutions. “At WiseNet Asia, we emphasize the importance of continuous learning and development. By investing in employee training and creating a culture of learning, start-ups can ensure their teams stay agile and adaptable to changing industry needs.”

Navigating Cultural and Regulatory Differences

When asked about the impact of cultural and regulatory differences between China and Southeast Asia on innovation and entrepreneurship collaborations, Hui drew on his extensive experience in human resources management. “Understanding cultural nuances is paramount,” he noted. “HR practices are deeply rooted in cultural values, and differences can manifest in areas such as employee management, communication styles, and organizational hierarchy.”

Hui explained that WiseNet Asia places significant emphasis on cultural competency within its HR solutions. “Our team is trained to navigate these cultural intricacies, ensuring that HR practices align with local expectations and foster a positive work environment.”

He also addressed the importance of staying abreast of regulatory variances. “Regulatory differences, from recruitment practices to employee benefits, can significantly impact collaboration. It’s crucial to stay updated on labor laws and compliance requirements in each jurisdiction.”

Strategies for HR Success

Hui outlined several strategies for successful HR management in a diverse and dynamic region:

  • Localized HR Expertise: “We advocate for the inclusion of local HR experts who intimately understand the specificities of both the Chinese and Southeast Asian HR landscapes. This approach helps tailor HR strategies that resonate with local workforce expectations.”
  • Agile HR Solutions: “Flexibility in HR practices is paramount. Tailoring HR policies to accommodate local nuances ensures employee satisfaction and compliance with regional regulations.”
  • Employee Engagement Initiatives: “Recognizing and incorporating cultural elements into employee engagement initiatives fosters a sense of belonging. At WiseNet Asia, we encourage cross-cultural training to enhance understanding and cohesion within multinational teams.”
  • Diversity and Inclusion Programs: “Promoting diversity within the workforce brings varied perspectives and experiences, contributing to adaptability.”
  • Continuous HR Training: “Regular training programs for HR professionals on cross-cultural competencies and evolving HR regulations are integral. This investment ensures that our HR teams are well-equipped to navigate complexities.”

Adapting to Technological Changes

Addressing technological disruptions, Hui emphasized the need for businesses to stay agile and proactive. “The pace of technological change today requires a multifaceted approach,” he stated. Hui recommended several strategies, including fostering a culture of continuous learning, developing cross-functional teams, investing in emerging technologies, and maintaining a customer-centric approach.

“By prioritizing continuous learning and innovation, businesses can position themselves as leaders rather than reactive followers,” Hui concluded.

 

Conclusion

Wesley Hui’s participation in the China-SEA Educational Leadership and Sustainable Development Forum underscored the importance of strategic HR management and cultural competency in fostering innovation and entrepreneurship. His insights provided valuable guidance for navigating the challenges and opportunities in Southeast Asia’s dynamic landscape. As the region continues to grow and evolve, such collaborative efforts will be essential in driving sustainable development and achieving shared goals.

 

—End—

Transforming Global Recruitment and Retention Through Data Analytics

WiseNetAsia Knowledge Center
Copyright © 2024 WiseNet Asia Pte Ltd.  All Rights Reserved

 

In today’s hyper-competitive business landscape, the ability to attract and retain top talent is paramount. Companies worldwide are increasingly turning to data analytics to gain insights that can enhance their recruitment and retention strategies. As organizations in Singapore and beyond grapple with talent shortages and high turnover rates, leveraging data analytics can provide a significant edge. This article delves into how data analytics can be harnessed in recruitment and retention, the data sources involved, actionable recommendations, and key considerations for companies looking to optimize their human resources practices.

Improving Recruitment Efficiency with Data Analytics

The first step in leveraging data analytics for recruitment and retention is understanding what data to collect and how to analyze it. For recruitment, companies should focus on metrics such as time-to-hire, cost-per-hire, source of hire, and candidate quality. These metrics can provide insights into the efficiency and effectiveness of recruitment processes.

Time-to-hire measures the average time taken to fill a position. By analyzing this metric, companies can identify bottlenecks in their recruitment process and streamline their hiring timelines. Cost-per-hire, which calculates the total cost associated with hiring a new employee, can help organizations identify areas where they can reduce expenses without compromising on the quality of hire.

Source of hire tracks the channels through which candidates are recruited. This data can reveal which platforms or methods are most effective in attracting high-quality candidates, allowing companies to allocate their recruitment budgets more efficiently. Candidate quality, assessed through post-hire performance metrics, can provide insights into the long-term success of the hiring process.

Enhancing Employee Retention Through Data Insights

For retention, key metrics include turnover rate, employee engagement scores, and reasons for leaving. Turnover rate, the percentage of employees who leave the organization within a specified period, is a critical indicator of retention success. High turnover rates can signal underlying issues that need to be addressed, such as poor management practices or lack of career advancement opportunities.

Employee engagement scores, often derived from regular surveys, can gauge overall job satisfaction and commitment levels. Low engagement scores can indicate areas where organizational culture or management practices may need improvement. Understanding the reasons for leaving, gathered through exit interviews and surveys, can help organizations identify and mitigate factors contributing to employee turnover.

Key Data Sources for HR Analytics

Effective data analytics relies on robust and diverse data sources. For recruitment, data can be sourced from applicant tracking systems (ATS), human resources information systems (HRIS), and recruitment marketing platforms. ATS can provide detailed data on candidate pipelines, while HRIS can offer insights into employee demographics and performance. Recruitment marketing platforms can track the effectiveness of various recruitment campaigns.

For retention, data can be gathered from employee engagement surveys, performance management systems, and exit interviews. Employee engagement surveys should be conducted regularly to monitor changes in employee sentiment and identify emerging issues. Performance management systems can provide data on employee performance, career progression, and development needs. Exit interviews, conducted systematically, can offer valuable qualitative insights into why employees leave.

Transforming Data into Actionable Insights

Once data is collected, the next step is to analyze it to uncover actionable insights. Companies should adopt a systematic approach to data analysis, leveraging both descriptive and predictive analytics. Descriptive analytics can help organizations understand past and current trends, while predictive analytics can forecast future outcomes and identify potential risks.

Practical Steps for HR Managers

  1. Optimize Recruitment Channels: Use data to identify the most effective recruitment channels and allocate resources accordingly. For instance, if data shows that certain job boards or social media platforms yield higher quality candidates, prioritize these channels in your recruitment strategy.
  2. Streamline Hiring Processes: Analyze time-to-hire and cost-per-hire metrics to identify inefficiencies in the recruitment process. Implementing technology solutions such as AI-powered screening tools can reduce time-to-hire and improve candidate matching.
  3. Enhance Employee Engagement: Regularly conduct employee engagement surveys and act on the feedback received. Use survey data to identify areas where employees feel disengaged and develop targeted initiatives to address these issues.
  4. Develop Retention Programs: Analyze turnover data to identify trends and common reasons for leaving. Develop tailored retention programs that address these factors, such as offering career development opportunities, enhancing workplace culture, or improving compensation packages.
  5. Leverage Predictive Analytics: Use predictive analytics to forecast turnover risk and identify employees who may be at risk of leaving. Proactively engage with these employees to address their concerns and provide support.

Building a Data-Driven HR Strategy

In an era where data is often described as the new oil, the strategic application of data analytics in recruitment and retention can provide a significant competitive advantage. By systematically collecting, analyzing, and acting on data, companies can enhance their ability to attract and retain top talent, ultimately driving organizational success. As the broader global market continues to evolve, the importance of data-driven decision-making in human resources cannot be overstated. In fact, data analytics might be the key to solving many workforce issues companies face today.

 

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SEMINAR – FORGING AHEAD: CHARTING SINO-SINGAPORE BUSINESS OPPORTUNITIES IN CHONGQING

28 May 2024, Singapore – Organized by the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) and co-hosted by WiseNet Asia, the seminar titled “Forging Ahead: Charting Sino-Singapore Business Opportunities in Chongqing” successfully concluded in Singapore. The event aimed to facilitate collaborations between Singaporean and Chinese enterprises through the inland route of Chongqing, attracting participation from leading companies in both regions.

The China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity was led by Mr. Sun Xiyong, Deputy Director of CCIB (中新示范项目管理局孙熙勇副局长). The event saw participation from industry leaders representing 20 companies from Chongqing and 20 companies from Singapore. Attendees received presentations on China-Singapore Connectivity Projects and Chongqing’s development advantages, offering data-backed insights into the strategic landscape.

Representatives from key Chongqing enterprises, including Inspur and Sansec, showcased their strategic developments across multiple sectors such as software, information services, and artificial intelligence. Meanwhile, Singaporean participants, including industry heavyweights like Keppel Infrastructure, China Mobile International, and Go Global Gem, shared their expertise and explored potential collaboration avenues.

Throughout the day, networking sessions laid the groundwork for potential cross-border development opportunities. Among the key insights gleaned from the event was the strategic importance of expanding into the ASEAN market for Chinese companies. Data indicated that setting up entities or regional headquarters in Singapore serves as a pragmatic first step, given its strategic location and business-friendly ecosystem. Attendees also gained valuable insights into Singapore’s policies and supporting schemes, with data highlighting their efficacy in facilitating market entry and expansion.

Wesley Hui, Founder of WiseNet Asia, stated, “Singapore is a gateway to helping Chinese companies expand into ASEAN and worldwide due to the policies and supporting schemes available. Additionally, its ‘West meets East’ location helps bridge the cultural gap.”

In summary, the seminar provided a data-driven platform for substantive discussions and collaboration opportunities between Chinese and Singaporean enterprises. As both nations leverage data to inform strategic decisions, events like these serve as catalysts for driving mutual growth and prosperity.

 

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EVENT INFORMATION:

This event aims to facilitate project cooperation between China and Singapore enterprises, with a focus on introducing Chongqing enterprises and promoting business opportunities.

Organizer: China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity / 中新(重庆)战略性互联互通示范项目

Co-Organizer: WiseNet Asia Pte Ltd

Seminar Details:

  • Seminar Title: Forging Ahead: Charting Sino-Singapore Business Opportunities in Chongqing
  • Date: May 28, 2024 (Tuesday)
  • Time: 9:00 am – 1:00 pm
  • Location:
    10 Square
    Address: No. 181, Orchard Road, #10-01, Orchard Central,
    Singapore 238896

Objectives of the Event:

  1. Facilitating Business Collaboration: Foster stronger ties between Singaporean and Chongqing enterprises by providing a platform for networking, idea exchange, and potential collaboration opportunities.
  2. Promoting Market Expansion: Raise awareness among Singaporean companies about the business potential and development advantages in Chongqing, encouraging them to explore new markets and investment opportunities.
  3. Enhancing Cross-Border Cooperation: Deepen understanding of the China-Singapore Connectivity Project and facilitate discussions on how Singaporean enterprises can leverage this initiative to expand their presence in the Chinese market.

What Singapore Enterprises Can Gain:

  1. Insight into Chongqing Market Dynamics: Gain valuable insights into the diverse industries and emerging sectors in Chongqing, enabling Singaporean enterprises to identify potential areas for expansion and investment.
  2. Access to Key Decision Makers: Connect with relevant personnel from the Chongqing Connectivity Initiative Bureau and key Chongqing enterprises, providing an opportunity to establish strategic partnerships and explore collaborative projects.
  3. Networking and Knowledge Sharing: Engage in open communication and knowledge sharing sessions with industry peers and experts, fostering meaningful connections and learning from best practices in cross-border business ventures.

Agenda:

9:00-9:15: Guest check-in (presentation of promotional video)

9:15-9:20: Event opening and introduction of guests

9:20-9:30: Guest speeches

9:30-9:45: Presentation on China-Singapore Connectivity Projects and Chongqing’s development advantages

9:45-11:00: Introductions by key Chongqing enterprises

11:00-12:00: Open networking session

12:00-13:00: Working lunch

Find out more:

This is a by-invitation event. If you would like to request an invitation or if you have any inquiries, please do not hesitate to contact us at:

Wesley Hui
G +65 6337 2231 | M +65 9661 9473 | wesley.hui@wisenetasia.com

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Nurturing Team Synergy in Hybrid Workspaces: Virtual and Physical Collaboration Strategies

WiseNetAsia Knowledge Center
Copyright © 2024 WiseNet Asia Pte Ltd.  All Rights Reserved

 

In the global work landscape, regardless of location, the significance of physical proximity within teams cannot be overstated.  Beyond facilitating functional collaboration, the cultural significance of interpersonal relationships also plays a crucial role in shaping the dynamics of the workplace.

While physically working within teams, group camaraderie not only drives motivation but also boosts positive moods at work, especially during mundane or repetitive tasks. The shared experience of facing challenges and accomplishing goals together fosters a sense of unity, creating a work environment where individuals feel connected and motivated.

Other benefits of physical working together include the spontaneous exchange of ideas that often happens during casual interactions. The impromptu discussions by the water cooler or during a coffee break can lead to innovative solutions and creative insights that might not emerge in virtual environments. Furthermore, the immediate feedback and real-time collaboration facilitate faster decision-making processes, enhancing overall efficiency.

In today’s work environment, where some teams are working from home or remotely, companies face the challenge of maintaining and even fostering the individual drive and team bonding that is traditionally associated with physical teamwork. To address this, organizations can implement several strategies:

Virtual Team-building Initiatives: Employ creative virtual team-building activities that simulate the camaraderie of physical interactions. This can include online games, virtual happy hours, or collaborative projects that encourage team members to work together in a relaxed setting.

Regular Video Conferencing: Utilize video conferencing tools for regular team meetings. Seeing colleagues’ faces and expressions can add a personal touch, making virtual interactions more engaging and fostering a sense of connection.

Clear Communication Channels: Establish clear communication channels to ensure that team members feel connected and informed. Regular updates, transparent communication about organizational goals, and open lines for feedback contribute to a sense of belonging and shared purpose.

Individual Recognition: Acknowledge and celebrate individual achievements. In a remote work setup, where physical presence is limited, recognizing and appreciating individual efforts becomes even more crucial. This can be done through virtual shout-outs, recognition emails, or even small tokens of appreciation.

Flexible Work Arrangements: Consider flexible work arrangements that allow teams to occasionally work together physically. Whether through periodic office days or team-building retreats, creating opportunities for face-to-face interactions can rejuvenate team dynamics.

Encourage Informal Communication: Beyond official meetings, create platforms for informal communication. This can include virtual chat groups, discussion forums, or even dedicated time during meetings for casual conversations.

By proactively addressing the challenges posed by remote work, companies can preserve the essence of team dynamics and individual drive that physical collaboration traditionally fosters. Embracing a combination of virtual and physical interactions can lead to a more resilient, connected, and motivated workforce in today’s evolving work landscape.

 

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A Day in the Life of Singaporean Interns at Xiantao Data Valley: Bridging Cultures and Forging Futures

In the heart of Xiantao Data Valley, two interns from Nanyang Technological University(NTU) in Singapore, Yanyu Mao, pursuing a dual degree in Computer Science and Economics, and Aden Ong Yew, specializing in Computer Engineering, embark on a journey that transcends geographical boundaries. Join Xiantao Xiao Mei as she takes you through a day in their lives, unraveling the unique experiences they encounter while working and living in the dynamic world of data.

Under the joint initiative of China’s Ministry of Human Resources and Social Security and Singapore’s Ministry of Education, the Youth Internship Exchange Program has been fostering collaboration since 2020, facilitating internships for 500 college students between Singapore and China. As a pivotal hub for the China-Singapore (Chongqing) Strategic Interconnection Demonstration Project, Yubei District, with Xiantao Data Valley as its pioneering pilot, has taken the lead in promoting youth talent exchange and cooperation between China and Singapore. In June 2023, following the successful launch of the National University of Singapore (NUS) internship program, the first batch of Nanyang Technological University students arrived at Xiantao Data Valley for their cross-border on-site internships.

Xiantao Data Valley, a beacon of cooperation in the field of information and communication within the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, is committed to development of the Singapore (Chongqing) Youth Talent Station. Future plans include extending cross-border internship exchange programs to other prominent Singapore universities such as Singapore Polytechnic, Nanyang Technological University, and Singapore Institute of Technology. The initiative aims to propel high-quality young talents from Singapore and “Belt and Road” countries to intern, train, and engage in entrepreneurship in Chongqing. In doing so, Xiantao Data Valley aspires to become a vital platform for youth talent exchange, cooperation, and employment within the framework of China-Singapore collaboration.

The journey of Ayden Ong Yew and Yaw Wang is not just a mere internship; it’s a cultural exchange that goes beyond the confines of classrooms and borders. Stay tuned as we explore the intricate tapestry of their experiences, forging connections, and contributing to the collaborative spirit that defines the landscape of Xiantao Data Valley.

Credits to Chongqing Municipality China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administrative Bureau.  This article was originally published here: 新加坡（重庆）青年人才驿站暑期跨境实习拉开帷幕 (qq.com)