Prudential Singapore is set to hire up to 500 more financial consultants in 2021 than it did this year, in light of the awareness and interest in insurance that the Covid-19 health crisis brought on.
These hires will include up to 200 mid-career individuals who have been selected for its new $1 million talent management programme that will launch in January.
Eligible candidates will undergo a two-year structured training programme which includes a year-long competency and skilling course, the life insurer states in a press release.
The course will cover both soft and hard skills such as technical training, product knowledge, leadership development, effective communications and social media content creation.
Recruits will be mentored by agency leaders and will receive a monthly allowance of up to $10,000 pegged to relevant work experience for a period of 24 months, the insurer adds.
See: Millennials more prepared for retirement than their older peers: Prudential Singapore
“For mid-career individuals, this is an opportunity for them to reinvent their careers. Our programme has been designed to help eligible candidates fast-track their insurance careers by equipping them with critical technical and practical knowledge as well as the necessary soft skills,” notes John Soong, Chief Agency Officer at Prudential Singapore.
The remaining 300 or so financial consultants to be hired next year will be fresh graduates.
These individuals will undergo an in-house training programme covering topics such as financial planning, plan construction, financial needs analysis, investment and retirement planning.
They will also receive a monthly transition allowance for the first 24 months, as they find their footing in the insurance industry.