Singapore Budget 2021: Initiatives We Can Look Forward To
Reading time: 4-5 mins per article
Moving towards a post-pandemic-recovery in Singapore’s economy, on Tuesday, 16th February, the #SGBudget2021 speech delivered by our very own Deputy Prime Minister, Coordinating Minister for Economic Policies and Finance Minister Heng Swee Keat is bringing optimism to Singapore with the theme to “Emerge Stronger Together”.
Our team believes this optimism is not for naught – with the plans announced to aid organisations to get back on their feet towards the economic growth we had pre-Covid-19. Such aid includes the extended SGUnited Jobs and Skills Package, Innovation & Enterprise Fellowship Programme, extension of Wage Credit Scheme and more.
Gain more insights from these articles our team curated for Singapore’s Budget 2021 here.
Our team was heartened to hear about these impactful measures – including the extension of the Jobs Support Scheme to support skilled human capital development and further funding of the Venture Debt programme for enterprises to have access to more capital. Human Resources Online has summarised the key highlights for HR and employers for Singapore’s Budget 2021. Find out more from this article here!
In this article by Human Resources Director Asia (HRD), measures such as the Jobs Growth Incentive to enhance inclusive hiring, the Capability Transfer Programme in skills-sharing and an update of the foreign work policy are shared. Find out more from this article on how some of these plans would benefit your organisation!
To “emerge stronger” as per told by our Finance Minister Heng Swee Kiat, it is Singapore’s top priority to retrain and redesign jobs – transforming firms alongside the development of skills, creativity and talents of their employees . HRD Asia shares in this article on the training opportunities where organisations could take to develop their workforces. Find out more here.
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