Additional S$5.4B Allocated To Jobs And Skills Package

Launched last year, the SGUnited Jobs and Skills package is a key pillar of industry transformation in Singapore, Deputy Prime Minister Heng Swee Keat said in his 2021 budget speech today (February 16) .

He noted that by the end of last year, the government had placed nearly 76,000 people in jobs, internships, internships and vocational training.

As part of the Job Growth Incentive (JGI), around 110,000 local job seekers were collectively recruited within two months of the program’s implementation.

As businesses and industries transform and new areas of growth emerge, Singaporeans will need to have the skills and agility to move, Heng said.

To come out stronger, they will need new knowledge and skills, he added.

To enable Singaporeans to take on these new jobs, Heng announced that an additional S $ 5.4 billion will be allocated to a second tranche of the Jobs and Skills Package, in addition to S $ 3 billion allocated to the job. ‘last year.

Of this amount, S $ 5.2 billion will be allocated to the JGI to extend the recruiting window by seven months, until the end of September this year.

Heng said the next phase of SGUnited’s jobs and skills package will support the hiring of 200,000 people this year.

It will also aim to provide up to 35,000 internships and training opportunities to help job seekers upgrade their skills and access employment opportunities.

Featured Image Credit: Bloomberg

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Jothi Venkat

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