Final Report - Professional Services Activities Environmental Scan Final Report - Professional Services Activities En | Page 108

8.3.2 Recommendation 2 2 Promote upskilling and reskilling initiatives among companies to equip their workforce with high-value and specialised skillsets Recommended Actions Stakeholder E.O.I. IMPACT Identify new job roles and re-design certain job roles (job scope) in order to capture new growth areas within each sector. • Initiative 2.1 • A Working Committee comprised of relevant government stakeholders, regulators and industry associations should be formed to discuss the emerging industry trends and identify high growth areas within each PSA sector. Relevant job roles and in-demand skillsets corresponding to each of the identified growth areas as well as new job specifications should be identified within each MOHR, subsector. Industry The identified emerging skillsets should be also Associations included in the skills frameworks for relevant subsectors. M H Example Singapore has introduced Industry Transformation Map (ITM) for firms in the Professional Services to capture opportunities in high-growth areas. The ITM is an integrated plan that will enable firms to innovate, while preparing them to take on new jobs such as digital product developers, data modellers and risk advisory professionals. Environmental Scan – Professional Services Activities 109