[Policy Explainer: Career Conversion Programmes: Reskilling Singapore’s Mid-Career Workers]
By Justin Chua and Dylan Chia
4,500 workers retrenched in a single quarter, the highest since the pandemic. However, at the same time, employment also grew by 10,700, the 19th straight quarter of growth. 📊
Career Conversion Programmes exist for this exact gap: pairing mid-career workers with growth roles, while employers get salary support of up to 90% for mature or long-term unemployed workers. 💼
With jobs disappearing and appearing at the same time, how well does reskilling actually keep pace with the churn? 🔄
Read our Policy Explainer here to find out more!
#MAJUSG #PolicyExplainer #CareerConversionProgrammes #Reskilling
By Justin Chua and Dylan Chia
4,500 workers retrenched in a single quarter, the highest since the pandemic. However, at the same time, employment also grew by 10,700, the 19th straight quarter of growth. 📊
Career Conversion Programmes exist for this exact gap: pairing mid-career workers with growth roles, while employers get salary support of up to 90% for mature or long-term unemployed workers. 💼
With jobs disappearing and appearing at the same time, how well does reskilling actually keep pace with the churn? 🔄
Read our Policy Explainer here to find out more!
#MAJUSG #PolicyExplainer #CareerConversionProgrammes #Reskilling
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