The Singapore government is set to introduce a new re-employment support scheme to assist workers who find themselves involuntarily unemployed. Announced by Manpower Minister Tan See Leng on April 27, this initiative is part of a broader effort to address the challenges posed by rapid economic changes.

The scheme, which follows a commitment made by Prime Minister Lee Hsien Loong during his National Day Rally speech in 2023, aims to provide temporary financial assistance to displaced workers, allowing them to focus on upgrading their skills for future employment. PM Lee emphasized that this initiative would act as a “temporary safety net” to help individuals meet immediate needs while preparing for better long-term job opportunities.

Dr. Tan revealed that the government is close to finalizing the scheme’s parameters, having considered global best practices. “The pace of change in the economy is accelerating, and we know that more workers will likely be thrown curveballs,” he stated, highlighting the urgency of the situation.

In addition to the new scheme, the Ministry of Manpower plans to enhance existing programs, such as the Workforce Singapore’s Career Conversion Programme, by increasing salary support and monthly training allowances for participants. A new Overseas Markets Immersion Programme will also be launched to help local workers gain international market experience through structured on-the-job training.

Dr. Tan reiterated the government’s commitment to fair workplace practices and the promotion of flexible work arrangements, reflecting a collaborative approach between the ministry, unions, and employers. He noted the importance of empowering senior workers and increasing CPF contribution rates to ensure they can retire with confidence.

In conclusion, the government’s proactive measures aim to prepare workers for the future job market and support businesses in maintaining competitiveness, ultimately contributing to a more resilient economy for all.