What Is it?
The new SkillsFuture Mid-Career Support Package aims to create more career transition opportunities for locals in their 40s to 50s, and help them remain employable and be able to access good jobs. By 2025, we aim to double the annual placements for this group through reskilling programmes to 5,500 through the following initiatives:
Increase the capacity of reskilling programmes
The programmes include the Professional Conversion Programme, career transition programmes delivered by Continuing Education and Training (CET) centres, and sector-specific programmes such as TechSkills Accelerator Company-Led Training for ICT jobs.
Hiring incentive to employers who hire local jobseekers aged 40 and above through a reskilling programme
The Government will provide 40% salary support to the employer, for each eligible worker, for six months, capped at $12,000 in total.
With effect from 1 Sep 2020, the hiring incentive has been replaced by the Jobs Growth Incentive.
Additional SkillsFuture Credit (Mid-Career Support)
A special SkillsFuture Credit of $500 will be provided to every Singaporean aged 40 to 60 years in 2020. This is over and above the broad-based top-up of $500, and this additional credit can be used for selected reskilling programmes at CET centres. This will expire by end 2025.
Volunteer Career Advisors
A group of volunteer Career Advisors will be assembled from professional communities to provide peer-level support and career guidance to local workers in navigating professional pathways.