Singapore launches Overseas Markets Immersion Programme

This aims to provide firms some funds to send Singaporeans overseas for career development.

Minister Tan See Leng of the Ministry of Mnapower (MoM) has announced the launch of the Overseas Markets Immersion Programme (OMIP) to encourage Singaporeans to venture overseas for their career development.

“Through OMIP, companies will receive generous support to send their Singaporean employees with little or no overseas market experience abroad to gain such exposure and experience,” Tan said. “We will provide funding of up to 70% of workers’ salary and monthly allowance over 9 months.”

To be eligible for OMIP, companies must give a fixed monthly salary of at least $4,000 for people on overseas postings. They must also submit a detailed career development plan that outlines their progress over the next 24 months, including measurable short-term KPIs to be achieved after training.

“These are reasonable requirements, given the generous support of up to $72,000 for each eligible participant,” Tan said.

OMIP is an investment by MoM and WSG in an effort to support growth in businesses and workers.

WSG has set aside $16m for up to 250 local employees who will participate in the programme over two years.

“WSG will work closely with sectoral agencies and Trade Association and Chambers, who will refer companies looking to internationalise to consider tapping on OMIP,” Tan said.

“It is thus our hope that after going through OMIP and other such programmes, workers will be in a stronger position to rise through the ranks, take on a broader range of responsibilities in their organisations, and become a Singapore Global Leader later in their career,” he added.