The Singapore government has announced reorganization plans,
with two reconstituted statutory boards looking into
employment-related matters expected to be formed by the end of
2016.
A new statutory board, SkillsFuture Singapore, will implement
SkillsFuture, a program introduced in the 2015 budget whereby every
Singaporean is given an initial SkillsFuture credit of S$500, which
will be topped up at regular intervals and which can be used toward
skills upgrading.
Separately, the Singapore Workforce Development Agency will be
reconstituted into a new statutory board named Workforce Singapore,
which will focus on jobs and ensuring enterprises can become
manpower-lean while remaining competitive.
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