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Just send all the hundreds of thousands of fake diploma, uncouth and criminally inclined FTs back, and there will be plenty of jobs left for sinkies. This solution is so simple, why you don't do it? Pay you multimillion dollar salary to shine your botak head izzit?
S$2.5b to be spent over 5 years on workers training Channel NewsAsia - Tuesday, February 23Send IM Story Print
S$2.5b to be spent over 5 years on workers training
SINGAPORE: The government is investing further in workers training, with the focus on older, low—wage employees. It has earmarked S$2.5 billion over the next five years for two new initiatives, said Finance Minister Tharman Shanmugaratnam when he presented the 2010 Budget Statement in Parliament on Monday.
First, a three—year Workfare Training Scheme will be introduced. This is aimed at giving employers bigger incentives to train their workers. The government will foot between 90 and 95 per cent of the cost of sending workers for training, via course fees and absentee payroll.
Workers will also get cash grants of up to S$400 a year when training is completed. There will also be a structured training programme for those with very low skills including those who may be out of a job.
The new initiative complements the current Workfare Income Supplement scheme, which pays workers to stay employed.
While it is targeted at older, low—wage workers, the training incentives are also open to younger Workfare recipients — those aged 35 and above.
Workfare will also be enhanced. From 2010, maximum payouts will go up by between S$150 and S$400, with more going to older workers.
For example, a 60—year—old worker will be eligible for an annual Workfare payment of up to S$2,800 — up from S$2,400 currently.
The eligibility criteria will also be expanded to include more workers. The current income ceiling is S$1,500, but from this year, those earning up to S$1,700 a month will get payouts too.
About 400,000 workers will qualify for these additional Workfare measures, which will cost the government an extra S$100 million a year.
Mr Tharman said: "This need for a comprehensive CET (Continuing Education and Training) system becomes more important as our workforce gets older. The government will help employers to invest in their workers, so they can keep building on their knowhow and maximise their value in the workplace
S$2.5b to be spent over 5 years on workers training Channel NewsAsia - Tuesday, February 23Send IM Story Print
S$2.5b to be spent over 5 years on workers training
SINGAPORE: The government is investing further in workers training, with the focus on older, low—wage employees. It has earmarked S$2.5 billion over the next five years for two new initiatives, said Finance Minister Tharman Shanmugaratnam when he presented the 2010 Budget Statement in Parliament on Monday.
First, a three—year Workfare Training Scheme will be introduced. This is aimed at giving employers bigger incentives to train their workers. The government will foot between 90 and 95 per cent of the cost of sending workers for training, via course fees and absentee payroll.
Workers will also get cash grants of up to S$400 a year when training is completed. There will also be a structured training programme for those with very low skills including those who may be out of a job.
The new initiative complements the current Workfare Income Supplement scheme, which pays workers to stay employed.
While it is targeted at older, low—wage workers, the training incentives are also open to younger Workfare recipients — those aged 35 and above.
Workfare will also be enhanced. From 2010, maximum payouts will go up by between S$150 and S$400, with more going to older workers.
For example, a 60—year—old worker will be eligible for an annual Workfare payment of up to S$2,800 — up from S$2,400 currently.
The eligibility criteria will also be expanded to include more workers. The current income ceiling is S$1,500, but from this year, those earning up to S$1,700 a month will get payouts too.
About 400,000 workers will qualify for these additional Workfare measures, which will cost the government an extra S$100 million a year.
Mr Tharman said: "This need for a comprehensive CET (Continuing Education and Training) system becomes more important as our workforce gets older. The government will help employers to invest in their workers, so they can keep building on their knowhow and maximise their value in the workplace