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.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you