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Singapore Budget 2004
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Budget 2004
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Expenditure Overview
   

ECONOMIC DEVELOPMENT

Ministry of Manpower

The mission of MOM is to achieve a globally competitive workforce and great workplace, for a cohesive society and a secure economic future for all Singaporeans. The desired outcomes are as follows:

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Global Workforce sustaining Industry & National Competitiveness;

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Lifelong Employability providing Economic Security; and

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Building Great Places to Work.

In view of the weaker labour market, many of MOM’s funding initiatives for FY2004 will be directed at helping Singaporeans tackle the challenges in the labour market and cope with economic restructuring. The new Singapore Workforce Development Agency (WDA), set up on 1 September 2003, reflects the Government’s commitment to help Singaporeans find and keep jobs. WDA aims to develop this capability in our workforce through promoting and facilitating lifelong learning among Singaporeans.

Including the Lifelong Learning Fund’s budget of $62 million, a total $274 million has been allocated in FY2004 to achieve MOM’s mission and desired outcomes. The initiatives and programmes managed by WDA on behalf of MOM to help Singaporeans tackle the employment challenge and cope with economic restructuring are highlighted below.

Manpower Development Assistance Scheme (MDAS)

$33 million for the MDAS, which targets to provide:

   
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About $20 million to support 20,000 training places under the Skills Redevelopment Programme (SRP). The SRP is a programme which provides incentives, including course fee support and absentee payroll, to encourage employers to send their workers for skills training;

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100,000 assessments under the National Skills Recognition System (NSRS) in FY 2004. The NSRS is a national framework for establishing work performance standards, identifying job competencies and certifying skills acquisition. More than $7 million has been set aside for this item;

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Funding to develop manpower capability in strategic industries under the Strategic Manpower Conversion Programme. The programme seeks to facilitate the training of skilled workers and executives to embark on new careers in strategic sectors such as Healthcare and Internationalisation;

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Support for curriculum development to meet the need for worker training in growth sectors and new skill areas, which will enhance worker and enterprise competitiveness; and

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Funding for training infrastructure development to facilitate the setting up of industry training centres and programmes.


Lifelong Learning Endowment Fund (LLF)


$62 million from the LLF to enhance the employability of Singaporeans by:

   
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Providing training and placement services for the local job seekers and unemployed. Through a systematic client profiling process, the Distributed Careerlink Network (DCN) partner organisations (eg CDCs and Self-Help Groups) will determine the needs of job seekers and target training and placement services accordingly. The 3 main job assistance and related services provided at the DCN career centres are:

 
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Core – which provides general job matching and employment liaising services;

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Intensive – which focuses specially on those unemployed for at least 6 months or on 3-month social assistance; and

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Training Advisory/Sponsorship.

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Leveraging on the existing investments in manpower and infrastructure for Pre-Employment Training (PET) to provide Continuing Education and Training (CET) for the Singapore workforce. LLF helps workers to continuously upgrade their skills to meet the challenges of the knowledge-based economy by subsidising courses in the Post-Secondary Educational Institutions (PSEIs) for Singapore Citizens and Permanent Residents;

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Promoting the importance of lifelong learning for employability under the annual Singapore Learning Festival event. Activities will be organised all year round with the climax at the annual Singapore Learning Festival, which comprises the Learning Expo and other activities;

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Providing financial incentives to encourage companies to recruit and train local workers and to encourage locals to take up jobs in industries which may be perceived as less attractive due to low wages, working environment or industry image; and

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Financing the training of individuals in low income families with the aim of upgrading the socio-economic and educational status of such individuals.

 

People for Jobs Traineeship Programme

$19 million to continue the People for Jobs Traineeship Programme, which provides incentives to employers to hire locals who are unemployed, aged 40 years and above, and prepared to make a career switch across sectors. The Programme targets to benefit a further 8,500 job seekers for the period from November 2003 to December 2004.

 
   
 
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