Consider lowering the minimum age for receiving SkillsFuture Credit to 21

Due to the constantly evolving job scopes at workplaces, workers have to acquire up-to-date knowledge and hone relevant skills.

Nowadays, companies are looking to hire jobseekers who have wider skill sets, ranging from technical to soft skills. Some of these skills are not taught in schools and universities.

Providing resources such as the SkillsFuture Credit scheme and extending it for youth will help them to pick up new skills and reduce the issue of job-skills mismatch.

Right now, only Singaporeans aged 25 and above will receive a SkillsFuture Credit of S$500. Perhaps, the minimum age could be lowered to 21 years old.

While SkillsFuture Credit is targeted at individuals who are already in the workforce or have completed their full-time education and ready to start their careers, there are non-university graduates who enter the workforce earlier and this will allow the younger workers to sign up for SkillsFuture courses and acquire new skills.

For fresh graduates, it will incentivise them to do the same.