Budget 2025: SkillsFuture changes make upskilling more accessible for businesses, employees
The moves address worries about the time and cost of training, say watchers
Add BT as a preferred source
- SkillsFuture Level-Up Programme’s training allowance extended to part-time training
- SkillsFuture Enterprise Credit redesigned to allow immediate offsets instead of reimbursement
- SkillsFuture Workforce Development Grant combines existing schemes, raises funding support
THE various SkillsFuture enhancements in Budget 2025 will make upskilling easier for companies of all sizes, as well as employees with particular needs, industry watchers said.
The changes balance the need to upskill against companies and employees’ cost and time concerns, they added.
In response to feedback, training allowances under the existing SkillsFuture Level-Up Programme for mid-career Singaporeans will be extended beyond full-time courses.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
