Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven

Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven
Presented to you by Property Smart Investor- A Real Estate Online Education and Discussion

Friday, 29 May 2015

Budget 2015 - Take courses and pay only 10% of fees or less

Budget 2015 - Take courses and pay only 10% of fees or less

Take courses and pay only 10% of fees or less. Mid-career workers will get subsidies for courses up to postgrad level

Social worker Bernadette Lee, 50, a former credit control manager who enrolled in UniSIM for a social work diploma course. -- ST PHOTO: CHEW SENG KIM 

MID-CAREER workers aged 40 and above can take courses from diploma to postgraduate level and pay as little as less than 10 per cent of course fees from July.

They can get government subsidies that cover at least 90 per cent of the cost of courses funded by the Ministry of Education (MOE) at universities, polytechnics and the Institute of Technical Education. The national training body, Singapore Workforce Development Agency (WDA), will pay up to 90 per cent of skills upgrading course fees.

The subsidies start from July 1 for MOE-funded courses and Oct 1 for those supported by WDA.

More details of government efforts to promote training were announced yesterday after the plans were unveiled during the Budget speech on Monday.

"This additional support from the Government recognises the opportunity costs that mid-career Singaporeans face when they go for education and training," said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Monday.

To encourage workers to develop the deep skills needed to take Singapore's economy to the next level, the Government has launched the SkillsFuture initiative, which encompasses subsidies, study awards and revamped training programmes.

Besides subsidised courses for mid-career workers, Singaporeans aged 25 and above will also get cash grants from next year to pay for training.

An initial $500 grant and future top-ups will go into their SkillsFuture Credit accounts, which can be used for a range of government-supported courses.

These include MOE-funded courses at the polytechnics and universities, and those offered by public agencies such as the Building and Construction Authority.

These credits will cost the Government over $1 billion next year.

Beyond financial incentives, the SkillsFuture secretariat also recognises that short, modular courses will appeal to busy working professionals.

More training programmes will be broken up into modules that can be conducted on weekday nights or weekends.

This means instead of taking up a part-time diploma course, usually conducted over 900 hours, a worker can now take up an individual module that can be completed in 30 to 60 hours.

To help workers make sense of the new training options and financial help schemes, the WDA and National Trades Union Congress will be roped in to provide career guidance and counselling.

A portal named the Individual Learning Portfolio, to help workers choose suitable training programmes, will be introduced in phases from 2017.

Human resource experts and workers welcomed the measures to encourage workers to hone their skills.

"The credit and subsidies will give them more opportunities and resources to consider exploring new sectors and careers," said Mr Zainudin Nordin, chair of the Government Parliamentary Committee for Manpower.

Workers said they are drawn to subsidised courses, as well as courses that lead to career progression or a new job.

Social worker Bernadette Lee, 50, said: "It is a leap of faith to take time off work and go for training, especially for those who want to switch jobs. So linking workers up with employers will help."

Ms Lee, a former credit control manager, enrolled in a social work diploma course at UniSIM two years ago.

She was later offered a job at the Thye Hua Kwan Family Service Centre in Boon Lay with the help of WDA and the National Council of Social Services.

The Straits Times / Top of The News                                                                   Published on Feb 26, 2015 1:44 AM

Thursday, Feb 26, 2015

Budget 2015 - Take courses and pay only 10% of fees or less

Please see Related Issues :

SkillsFuture initiatives to help Singaporeans gain both hard and soft skills: Lim Swee Say

Grant, top-ups in push for workers to upgrade skills

Budget 2015-Suggestions pour in for Silver Support Scheme

Budget 2015 - Relief for parents coping with rising bus fees

Budget 2015-Suggestions pour in for Silver Support Scheme

Budget 2015 - Middle-income families cheer Budget benefits

Budget 2015 - Grants of up to $10,000 for skills upgrading

Budget 2015 - Budget similarities reflect common challenges

Budget 2015 - Take courses and pay only 10% of fees or less

Budget 2015 - 'I can save more in CPF account'

Budget 2015 - 50% tax rebate for middle-income earners 

Budget 2015-Middle-income families cheer the benefits

Budget 2015-Higher caps for contributions to voluntary savings scheme

Budget 2015 - NMP opposes greater flexibility in withdrawal of CPF savings

Budget 2015-CPF salary ceiling to be raised to $6,000 

Budget 2015-MPs back Budget, but warn about spending

Budget 2015-Retirement savings boost for older workers

Budget 2015 - Budget boost for the middle class

Please click the following for other Related Readings:

Lakeside project launched in Iskandar

Developers face hefty extension charges over unsold units (Amended)

Govt releases new developer rules on show units, sales data

Changes to Housing Developers (Control and Licensing) Act effective May 25

Government releases EC site in Choa Chu Kang for sale

More companies buying strata offices

Bids for Paya Lebar site likely to top $1b - Government Land Sale (GLS)

Please Click following LINK for RELATED Post

My Tribute to Mr Lee Kuan Yew - Remembering Lee Kuan Yew - The world should know his stories, his contribution and his final journey - The Legend - He will be in the heart of every Singaporean 

No comments:

Post a comment