SHRI and ISCA Ink MOU to Collaborate on Training and Skills Development of HR and Accounting Professionals

SINGAPORE [17 OCTOBER 2016] –  Singapore Human Resources Institute (SHRI) and Institute of Singapore Chartered Accountants (ISCA) have signed a Memorandum of Understanding today to collaborate on broadening the skills sets of HR and accounting professionals. Through the partnership, HR professionals will be offered training in accountancy while accounting professionals can learn skills in human resource development. 

The ceremony was graced by guest of honour, Minister of State, Ministry of Manpower, Mr Teo Ser Luck.  The MOU signing was followed by a Dialogue session with MOS Teo, on attracting and retaining talent, and the skills needed by the HR professionals and accountants of the future.   

SHRI and ISCA are entering this partnership to connect a community of HR professionals with a community of accounting professionals.

Through this collaboration, both organisations intend to achieve greater synergies towards enhancing the standards of the HR and accounting professions through training, skills-development, thought-leadership and learning platforms.   

SHRI will be developing customised training workshops on HR skills and transition programmes for ISCA members to switch to a HR career, while ISCA will develop relevant financial training workshops for HR professionals and SHRI members. Both organisations will jointly organise events to propel learning, knowledge-sharing and networking for their members.

President, SHRI, Mr Erman Tan said, “Both HR and accounting professionals are working towards the common goal of a healthy and successful company. When the two professions come together, their cooperation can lead to positive business outcomes such as higher employee productivity, engagement and corporate earnings. By combining the skills and strengths of the two professions, we can create leaders of the future.

In this uncertain economic environment, it is crucial for both groups to up-skill, deep-skill and cross-skill, not only to stay relevant and competitive but also to steer their organisations to success. Our objective is also to enable people from diversified backgrounds to enter the HR profession and enrich their careers. With this collaboration with ISCA, SHRI looks forward to achieving great synergies towards developing a highly competent workforce, and towards building capabilities in Singapore to enable sustainable progression within the HR and accounting professions”.

President, ISCA, Mr Gerard Ee, said: “The strategic partnership with SHRI will enhance the capabilities and skills sets of both HR and accountancy professionals. Accounting professionals now have a pathway to develop capabilities in HR development, and, if they so wish, develop an alternative career as a HR professional. As they assume more responsibilities in an organisation, having HR knowledge will be an advantage. Similarly, HR professionals will benefit from acquiring additional skills in accountancy and business. The collaboration will also help connect the HR community and the accounting community, allowing for cross-pollination of ideas and access to more opportunities.”

Additionally, SHRI and ISCA agree to collaborate, on a tripartite basis, with the Singapore Corporate Counsel Association (SCCA), to jointly develop a framework for HR, Financial and Legal governance.

About Singapore Human Resources Institute (SHRI)

Established in 1965, SHRI is Singapore’s leading, professional HR body, representing a strong network of members, comprising individuals and organisations across diverse industries. SHRI has been the trendsetter, creating benchmarks in standards of best HR practices with core initiatives such as: The Singapore HR Awards, Singapore’s HR Accreditation Framework, The Singapore HR Congress and Business-Connect Exposition, the National Workplace Happiness Survey and The Singapore HR Challenge for post-secondary and tertiary institutions. In 2015, SHRI celebrated 50 years of Powering Human Capital in Singapore.

The Institute’s Chinese name has been changed to 新加坡人力资源协会to better reflect the core business of SHRI as a member-based organisation. SHRI’s views are valued and quoted regularly in the local media. For more information, visit www.shri.org.sgor contact +65 6438 0012.

About Institute of Singapore Chartered Accountants (ISCA)

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community. There are over 30,000 ISCA members making their stride in businesses across industries in Singapore and around the world. 

Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub. 

ISCA is the Administrator of the Singapore QP and the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation. 

ISCA is an Associate of Chartered Accountants Worldwide – supporting, developing and promoting over 325,000 Chartered Accountants in more than 180 countries around the world.

For more information, visit www.isca.org.sg.

Media Contacts: 

• Samreen Jabeen, Corporate Communications, SHRI

Tel: 6438 0012 / 8509 2230 (samreen@shri.org.sg)  

• Betsy Tan, Corporate Communications, ISCA

Tel: 6597 5608 / 9641 6920 (betsy.tan@isca.org.sg)