Prudential Singapore is stepping up its recruitment of mid-career people and recent graduates amid the financial slowdown triggered by the COVID-19 pandemic.
The life insurer is hiring as much as 500 extra monetary consultants in 2021 than this 12 months, as the present well being disaster has triggered rising consciousness of, and curiosity in, insurance coverage. The variety of new hires will embody as much as 200 mid-career people chosen for its new expertise administration programme.
“We need to provide assist to each mid-career job seekers and younger individuals who face restricted employment alternatives on this robust local weather. We’re additionally increasing our company power to fulfill rising demand for medical and safety options, because the pandemic has introduced into sharp reduction the significance of insurance coverage,” stated Prudential Singapore chief company officer John Soong.
To assist mid-career job seekers who need to pursue a profession in insurance coverage, the insurer is investing S$1m ($740,000) in a talent-management programme to coach as much as 200 people in monetary advisory.
The insurer can be placing further assets into recruitment, efficiency administration, compensation and advantages, to make sure the success of the programme slated for launch in January 2021.
Eligible candidates will endure a two-year structured coaching programme, together with a 12-month competency and abilities course. The course covers each smooth and laborious abilities reminiscent of technical coaching, product data, management growth, efficient communications and social media content material creation.
The candidates will probably be mentored by company leaders who will present them with the required assist and steerage, and also will obtain a month-to-month allowance of as much as S$10,000 pegged to related work expertise for a interval of 24 months.
Recognising that recent graduates are additionally struggling to realize employment within the present financial local weather, the corporate is creating extra monetary guide roles for younger job seekers.
Profitable candidates will endure an in-house coaching programme masking matters reminiscent of monetary planning, plan development, monetary wants evaluation, funding and retirement planning, to assist them construct their monetary advisory abilities and data.
They will even obtain a month-to-month transition allowance for the primary 24 months to assist them kick-start their profession in insurance coverage.