Singapore Budget 2015 - #15
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A key challenge in SkillsFuture is to help uplift a significant base of our SMEs, and involve them in this process of skills development.
To do so, and to help Singaporeans develop their careers across our economy, we need new forms of industry collaboration.
The Government will collaborate with training institutions, unions, Trade Associations and employers to develop comprehensive Sectoral Manpower Plans (SMP) to chart out current and future skills needed and the action plan to develop these skills. This will be developed and implemented in all key industry sectors by 2020.
To help SMEs overcome the constraints they face in training capabilities and capacity, the Government will also work with industry partners to develop a shared pool of SkillsFuture Mentors, who specialise in industry-relevant skills, for SMEs to tap on for their training services.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #14
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Beyond the SkillsFuture Credit and these broad-based subsidies, the Government will provide special support for Singaporeans seeking to develop deep skills in particular fields through the following three initiatives: SkillsFuture Study Awards, SkillsFuture Fellowships and the SkillsFuture Leadership Development Initiative.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #13
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Greater support will be provided for mid-career Singaporeans in the form of enhanced subsidies to be implemented later in the year:
First, education and training subsidies for Singaporeans aged 40 and above will increase to a minimum of 90% of the cost of publicly-funded courses by MOE and WDA; and
Second, Singaporeans will be able to enjoy subsidies from MOE for modular courses at all levels, regardless of age.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #12
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To cater to fresh graduates from our Polytechnics and ITE, a SkillsFuture Earn and Learn Programme will be launched in 2015 to give them a head start in their careers.
Under the programme, trainees will undergo structured on-the-job training and mentorship with suitable employers, while they study for an industry recognised qualification.
Both trainees and employers will receive substantial support from the Government. This will be done in a phased approach, eventually covering up to one in three polytechnic and ITE graduates.
Source: MOF #SGBudget2015
