SBF Foundation signs MOU to enhance employability support for four vulnerable groups

SBF Foundation inked a Memorandum of Understanding (MoU) with Singapore Human Resources Institute, NTUC’s e2i (Employment and Employability Institute) and Tote Board on Wednesday (May 18) to provide holistic employability support for four groups of people - rough sleepers, long-term unemployed parents and caregivers of at-risk children, persons with mental health conditions and women facing challenges.

The MoU, witnessed by guest-of-honour, NTUC Deputy Secretary-General Chee Hong Tat, further strengthened a collaboration between the organisations that took place about two years ago.

With a common goal of enabling the business community to uplift the lives of vulnerable individuals and their families, the four partners will contribute their resources and expertise to build a more resilient and inclusive local workforce.

Hsieh Fu Hua, chairman of the SBF Foundation, said: “Being employed provides one a sense of security, achievement and purpose in life. The SBF Foundation is cognisant that improving the employment prospects for Singapore’s more vulnerable workers is a relentless effort, and we wish to rally our members of the business community to join us and our partners in these efforts.”

Over the next three years from July 2022, SBF Foundation, together with its programme partners supporting the four vulnerable communities, aims to uplift 300 individuals annually through personalised aid and dedicated platforms to help them enter or re-enter the workforce. To fund these long-term efforts, SBF Foundation is committed to raising S$1 million annually for the Employability Fund from the business community.