SkillsFuture: What's In It For Employers

Singapore is back on track towards global lifelong learning. It recently launched its SkillsFuture Credit programme that aims to provide Singaporeans with a lot of opportunities to learn and enhance their skills. Singaporeans aged 25 and above will now get funds in the form of credits in order to study courses they like.

They can get a S$500 worth of SkillsFuture credit that they could use to study courses in various fields. This ranges from engineering to animation to design. This year marks the start of a worthwhile journey towards the revival of Singapore's economy and the flourishing of their learning.

However, this does seem like a little off especially towards employers. That is what others think. But did you know there are also a lot of benefits in store for employers as well?

Employers can avail of the iNnovative Learning 2020 or the iN.LEARN 2020 program. This is Singapore's scheme to innovate learning amongst employers and institutions that offer courses for professionals. This aims to make sure there is the usage of blended learning in Continuing Education and Training programmes to make sure the needs of businesses and individuals are met at the same time.

This will ensure that everyone has access to quality and effective learning.

Singapore's P-Max programme will also help small and medium enterprises in the country find suitable employees. SMEs that participate in the program will be trained in various areas such as innovative HR operating procedures, better communication, and how to work with new hires. Institutions participating in the P-Max will be even awarded an assistance grant of S$5,000 for completion and retain their newly-hires for half a year.

Meanwhile, companies will also be under Sectoral Manpower Plans to encourage employers and businesses to develop their employees. This will encourage industry and unions to motivate employees by providing them the means to expand their careers and master their skills. There will even be a central group of mentors to ensure SMEs can provide the right kind of learning to students.

Through the SkillsFuture Earn and Learn Programme, fresh graduates from ITE and polytechnic schools can be placed to train under institutions. Employers who do this can receive up to S$15,000 just to make sure there is enough to provide and develop students.

Good employers and businesses can be recognised through the SkillsFuture Employer Awards.

This is a big leap of Singapore, especially since it is under a current time where markets and businesses are in tight competition. However, this is also a big opportunity for Singaporeans who wish to expand their careers and learn more about their interests.