SINGAPORE — Statements from various ministers here in recent years seem to signal the possibility that the Government may be mulling the option of reversing a long-held reluctance to give direct financial support to the unemployed.
Since then, more retrenchment exercises among high-profile companies have been reported.Because of technological changes, we’re increasingly starting to see people finding themselves unemployed involuntarily. Some financial support would help to cushion this impact and lessen the financial stress and burden facing these individuals.
“This necessitates thinking about how we can support transitions between jobs and career paths, which I think will happen more frequently in the future economy.” Thus, if any form of unemployment benefit were to be rolled out, it should cut across all worker groups.Experts were divided on how soon, if at all, unemployment benefits would be rolled out here, with four out of nine opining that it could be possibly announced in the upcoming Budget announcement.of 2 per cent as of last December — high-profile layoffs notwithstanding — saying that this is indicative of a strong labour market that does not urgently need such reforms.
“Hence, will it be better to focus on how to further improve and add on to the existing employment support which is already available?” he suggested, referring to reskilling efforts, career support programmes and ComCare — a scheme to help low-income families.
Veteran human resource practitioner Adrian Tan, along with Dr Seah of NUS, said that the recent comments by the deputy prime minister and manpower minister were signals of such a policy shift likely happening sooner rather than later. On the other hand, blue-collar workers are “more sensitive to price factors” when picking courses and have a preference towards shorter programmes, to minimise time away from gainful employment.Mr Joshua Yim, chief executive officer of recruitment firm
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