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http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_433923.html
New govt scheme for grads
By Smita Krishnaswamy
The graduates receive a fixed monthly stipend, which is jointly funded by Spring and the SME. --ST PHOTO: LIM CHIN PING
LOCAL university graduates can look to a new Government scheme to get business experience in the downturn.
Spring Singapore's executive training programme places fresh graduates with local high-growth small and medium enterprises (SMEs) in a one-year traineeship.
The programme has placed 210 graduates in 149 SMEs so far.
The graduates receive a fixed monthly stipend, which is jointly funded by Spring and the SME. Spring generally funds 70 per cent of the cost. Participating SMEs need to give Spring a detailed training plan and regular reports. Some SMEs also require trainees to serve a one-year bonded period.
The graduates also go through a classroom-based foundation programme offered by their universities.
Mr Png Cheong Boon, Spring's chief executive, said that the programme would help SMEs - which traditionally find it hard to compete with brand-name companies - source new talent.
Spring plans to offer the programme for two years, and may extend it further.
Local footwear company Charles and Keith was one of the first SMEs to sign up for the programme.
The company has taken on seven trainees in divisions such as local and international operations, electronic commerce and inventory management, and hopes to add more through the Spring programme.
Mr Charles Wong, the company's managing director, said that his experience with the trainees has been positive, and he anticipates extending some full-time offers at the end of the traineeship period.
Read the full report in Friday's edition of The Straits Times.
New govt scheme for grads
By Smita Krishnaswamy

The graduates receive a fixed monthly stipend, which is jointly funded by Spring and the SME. --ST PHOTO: LIM CHIN PING
LOCAL university graduates can look to a new Government scheme to get business experience in the downturn.
Spring Singapore's executive training programme places fresh graduates with local high-growth small and medium enterprises (SMEs) in a one-year traineeship.
The programme has placed 210 graduates in 149 SMEs so far.
The graduates receive a fixed monthly stipend, which is jointly funded by Spring and the SME. Spring generally funds 70 per cent of the cost. Participating SMEs need to give Spring a detailed training plan and regular reports. Some SMEs also require trainees to serve a one-year bonded period.
The graduates also go through a classroom-based foundation programme offered by their universities.
Mr Png Cheong Boon, Spring's chief executive, said that the programme would help SMEs - which traditionally find it hard to compete with brand-name companies - source new talent.
Spring plans to offer the programme for two years, and may extend it further.
Local footwear company Charles and Keith was one of the first SMEs to sign up for the programme.
The company has taken on seven trainees in divisions such as local and international operations, electronic commerce and inventory management, and hopes to add more through the Spring programme.
Mr Charles Wong, the company's managing director, said that his experience with the trainees has been positive, and he anticipates extending some full-time offers at the end of the traineeship period.
Read the full report in Friday's edition of The Straits Times.