Singapore's push to better support mid-career workers and get businesses more involved in worker training is the right way to go, experts tell The Sunday Times. This comes amid efforts to get enterprises to transform and be equipped with workers who can keep pace with new digital skills.
Deputy Prime Minister Heng Swee Keat announced in his Budget speech on Tuesday a new SkillsFuture Enterprise Credit of $10,000 which firms can use to cover 90 per cent of out-of-pocket costs of business transformation, job redesign and skills training. Of this sum, $3,000 is reserved for programmes which aim to transform a firm's workforce.
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