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Singapore Budget 2003
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Budget Speech 2003
   
Parliamentary Statement by DPM and Minister for Finance on Help Measures For Singaporeans and Businesses, 29 Aug 2003
 

Training for Employment Scheme

 
41. Sixth, to provide further help for unemployed Singaporeans, the Government will pilot a new Training for Employment Scheme to facilitate the employment and training of local workers. Under this scheme, the Singapore Workforce Development Agency will help companies which have 20 or more job vacancies recruit and train local workers. This way, companies will be able to deploy workers on the job more quickly and the workers will be better trained for the job.
   
42. The Government will set aside $2 million for the scheme, which will run for one year from 1 Oct 2003. This will be used to absorb 80% of the training cost of the workers. As a partner in this scheme, the Singapore National Employers Federation will absorb a further 10% of the training cost for its members, so that the employer pays only 10%.
   
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