Commenting on the report, Minister for Finance Heng Swee Keat said: "While many schemes are ongoing, our early findings are that the measures have helped to cushion the impact of the recession. Job losses were averted, and more help went to support families in need."
540,000 people, 14,000 businesses benefited from SkillsFuture initiatives last year Toggle share menu
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09 Feb 2021 04:20PM (Updated:
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SINGAPORE: About 540,000 individuals and 14,000 enterprises benefited from SkillsFuture Singapore-supported initiatives in 2020, the agency said on Tuesday (Feb 9).
This in an increase from the 500,000 individuals and 14,000 companies who benefited in 2019. More than 188,000 Singaporeans also utilised their SkillsFuture credit last year, up from about 156,000 in 2019.
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A survey from the Training Quality and Outcomes Measurement system showed that SkillsFuture-funded training continued to “receive positive response” last year.
About 87 per cent of the 57,000 respondents said they were able to perform their work better after undergoing such training, a slight improvement from 86 per cent in 2019.
The Straits Times
540,000 Singaporeans benefited from SkillsFuture initiatives in 2020
Introduced in 2015, the SkillsFuture national movement aims to build a culture of skills development and lifelong learning.PHOTO: ST FILE
https://str.sg/JrLr
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Overall, there has been broad improvements in the labour market for the period of the report. However, the labour market is still not back at pre-COVID conditions. Uncertainties in the economic environment will continue to weigh on the recovery of the labour market, said MOM.
Here are the main takeaways from the estimations in the preliminary report.
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