Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities | Malay Mail

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SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...

Wednesday, 27 May 2020 09:26 AM MYT

These will come under an SGUnited Jobs and Skills Package, which will help to create more than 40,000 jobs — 15,000 jobs of which will be in the public sector. Government agencies will work with businesses to create another 25,000 jobs. Senior Minister Tharman Shanmugaratnam will also chair a National Jobs Council overseeing job creation and skills upgrading, Heng said, adding that Mr Tharman had both “detailed knowledge and deep expertise” in these areas.More than 40,000 jobs will be created in the public and private sectors.

How will people be equipped to take on these jobs? The Government will expand career-conversion programmes to offer more than 14,000 places. These include Place-and-Train conversion programmes under the Adapt and Grow job-support initiative as well as company-led training schemes.Who will benefit? Traineeship, which last up to 12 months, will provide jobseekers with opportunities to gain experience across various industries.

What will participants do? They will take industry-relevant certifiable courses full-time, at highly subsidised rates. Fees, after government subsidies, will be S$500 for a six-month programme and S$1,000 for a 12-month course. The course fees can be substantially, if not fully offset, by SkillsFuture Credits.

In February, the government announced a SkillsFuture Mid-Career Support Package to help workers in their 40s and 50s stay employable. The package included a hiring incentive: Employers who hire locals aged 40 and above through reskilling programmes will receive 20 per cent salary support for six months, capped at S$6,000.

 

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