MOM sets aside S$600m to support business transformation, upskilling and job redesign
The Manpower Ministry has set aside S$600 million to support business transformation, upskilling and reskilling efforts. This, as Singapore looks to drive productivity amid a shrinking workforce. Last year, there were only 3.5 working-age residents for every elderly resident aged 65 and above. More funding will be available for job redesign, and a new workgroup will be formed to level up human resource capabilities. Nasyrah Rohim reports.
The Manpower Ministry has set aside S$600 million to support business transformation, upskilling and reskilling efforts. This, as Singapore looks to drive productivity amid a shrinking workforce. Last year, there were only 3.5 working-age residents for every elderly resident aged 65 and above. More funding will be available for job redesign, and a new workgroup will be formed to level up human resource capabilities. Nasyrah Rohim reports.
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