AIA Singapore is opening up more than 500 financial sales advisory positions in the city-state.
The insurer’s plan, called the Financial Associate Scheme (FAS), is targeting new graduates, mid-career switchers and stay-at-home parents for sales advisory roles in the perpetually labor-starved city-state, according to a press release Thursday.
The planned positions will offer full-time employment benefits, including a basic salary, with candidates placed as AIA Singapore employees, rather than free agents, the release said. That would mark a departure from a more traditional commission-based remuneration, which may make it more difficult to attract talent in a tight market.
«The AIA Financial Associate Scheme is in response to feedback from many talents we engaged with – from fresh graduates to mid-career switchers – who are keen to pursue opportunities in financial sales advisory but hesitate because of existing financial responsibilities they already have,» Chin Chung Wen, chief distribution officer at AIA Singapore, said in the statement. «Creating a more conducive environment for women to re-join the workforce will also help address the tight labour market we are currently experiencing.»
Singapore’s Ministry of Manpower has previously cited data indicating around 260,000 women in the city-state are currently not in the labor force, but are capable of rejoining. That compares with an overall population of around 5.7 million in Singapore.
