Skills, Training & Development
As announced in the Economic Strategies Committee's report on 1 February 2010, Singapore aims to sustain annual productivity growth of two to three per cent over the next ten years. A comprehensive national effort to raise every worker's skills and productivity is the only viable way to improve the real wages of Singaporeans and this is the best way to help low-wage workers. Companies will need to innovate to improve their top-of-line offerings, expand their markets and streamline their operation processes. They should also invest in their workers to upgrade their skills so that they can take on higher value jobs.
The Ministry of Manpower (MOM) works closely with the Singapore Workforce Development Agency (WDA) to develop a nation-wide system of continuing education and training (CET) to give everyone the opportunity to acquire greater skill proficiency, knowledge and expertise. Workers can also sign up for programmes and courses under the Singapore Workforce Qualifications System (WSQ) to upgrade their skills and enhance their employability.Higher skills will improve productivity, which is necessary for Singapore to achieve sustainable and inclusive growth.
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