As each country has its own distinct set of business conditions and traits, your staff can enhance their effectiveness in operating in an overseas market by familiarising themselves with the market conditions and business environment. One way to do this is to send them for in-house customised training attachments overseas.
Under the International Market Immersion Programme (iMIP), trainees will gain on-the-ground knowledge in a comprehensive, methodical manner guided by experienced mentors. These mentors could be your company employees or business associates based in your target market(s).
Upon completion of their overseas immersion, trainees are deployed to the market where they have undergone training in, so that they can apply their acquired knowledge to help expand your business. Alternatively, they may be tasked to oversee your company’s foreign operations in the market that they were trained in from your Singapore headquarters.
Enterprises that have successfully developed and implemented the iMIP for their pioneer batch of employees, will then have a framework for subsequent staff training overseas. Over time, your company will be able to develop a larger pool of talent with in-depth expertise in your target overseas markets.
IE Singapore co-shares the costs of certain components, such as pre-departure training fees, training allowances which include basic salary to the trainees and return economy airfares to the place of training, of the overseas immersion programme for trainees. Each application / proposal will be evaluated and subject to approval on a case-by-case basis.
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