Budget 2022: More resources provided to train workers, including mid-career ones
THE government is stepping up its efforts to help companies train workers and help individuals upskill.
Measures announced during Finance Minister Lawrence Wong's Budget 2022 speech included supporting smaller and micro businesses, and enhancing mid-career training programmes.
Under the SkillsFuture Enterprise Credit scheme, which helps employees provide industry-relevant training to workers, a waiver of the Skills Development Levy requirement will be granted for the qualifying period of Jan 1, 2021 to Dec 31, 2021.
Previously, only employers that have had at least 3 local employees, and contributed at least S$750 of Skills Development Levy over a qualifying period, were eligible for the credit.
The waiver doubles the number of employers eligible for the scheme, from 40,000 to 80,000.
About S$100 million will be set aside to support the National Trades Union Congress (NTUC) in scaling up its Company Training Committees (CTC).
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The CTC model brings unions and employers together to develop transformation plans, which are then implemented with the support of government agencies.
Meanwhile, company attachments for mature mid-career workers will become a permanent feature of the SGUnited Mid-Career Pathways Programme.
Further, under a new SkillsFuture Career Transition Programme, highly-subsidised courses will be provided to jobseekers. Employment facilitation services will also be provided to maximise their jobseeking prospects.
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