Today’s economy is evolving at a rapid pace. The quote ‘Change is the only Constant’ is especially relevant today. As a worker, previously valuable skills and experiences may become obsolete in a short time. Thus, we have to stay abreast of the latest skills required of us, so that we can be future ready and unafraid of the inevitable trends and changes in the economy.
While many of us have the desire and passion to learn more skills for both personal and career development, often we lack the time and money to do so. Fortunately, there are also numerous subsidies and funding schemes out there today that can give us a helping hand. Check them out here!
Workfare Training Support (WTS) Scheme
To encourage individuals to upgrade their skills and improve their employability, the WTS Scheme provides funding and benefits for eligible individuals.
- Course fee funding
- Training allowance (for trainees without employer support)
- Training Commitment Award after completion
To encourage individuals to take ownership of their skills development and lifelong learning, eligible Singaporeans will receive credits to use for skills related course fees.
- Opening credit of S$500 from January 2016
- Can be used on top of existing government course subsidies
SkillsFuture Mid-Career Enhanced Subsidy
This programme was implemented to encourage mid-career Singaporeans to upskill and reskill, promoting lifelong learning and increase responsiveness in the workforce.
- Higher subsidies of up to 90% of course fees
- At least 90% of programme cost for MOE-subsidised full-time and part-time courses
SkillsFuture Qualification Award
This award encourages workers to attain WSQ full qualifications, equipping them with relevant and valuable skill sets to perform their jobs competently.
- Cash awards depending on the type of qualification attained
SkillsFuture Study Award
This programme encourages Singaporeans to develop and deepen specialist skills required for future economic growth sectors or in areas of demand. Furthermore, Singaporeans who already have in-depth competent skills can also use this to develop other competencies.
- Monetary award (on top of existing Government course fee subsidies)
- Enhanced level of employability in an evolving economy
SkillsFuture Earn and Learn programme
This is a work-learn programme designed to give fresh graduates from polytechnics and the Institute of Technical Education (ITE) a head-start in careers related to their discipline of study. This is done through job matching, following which the graduate goes through a 12- to 18-month structured training programme, depending on the sector and job requirements.
- Relevant work experience and skills valued by the industry
- Industry-recognised qualifications / certification
- Sign-on incentives of S$5,000
Now that you are aware of all these areas where you can gain these training subsidies, what’s stopping you from signing up for one and improving your skills today! To receive a more detailed view of these programmes, check out the full list of benefits and eligibility here. While you are at it, check out the training programmes we offer!