SPUR
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Singapore Government Commits $600 Million to Spur Employers and Workers to Raise Manpower Capabilities |
About SPUR
SPUR or Skills Programme for Upgrading and Resilience, is an enhanced financial support scheme developed by the Singapore Workforce Development Agency (WDA) in consultation with tripartite partners, Ministry of Manpower (MOM), National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF). Leveraging on the extensive CET training system built over the years to scale up training programmes, SPUR brings together the full range of skills upgrading programmes with enhanced financial support that companies and workers can tap on over the next two years. For the financial sector, this comes under FSDF funding from the Monetary Authority of Singapore.
SPUR for Employers
SPUR encourages companies affected by declining business to retain workers by sending them for training, as opposed to retrenching them. This will help employers save on manpower costs, better manage their excess manpower during the downturn and at the same time, upgrade their workers to strengthen business competitiveness for the upturn.
SPUR for Workers
SPUR aims to redeploy unemployed workers as well as help in-employment workers to up-skill for new and better jobs. Employed and unemployed workers no longer need to wait for their employers to send them for training, as they can sign up for training at CET Centres directly.
For more information about SPUR click here.
Download the press release issued by the Singapore Workforce Development agency below.
List of Skills Upgrading Programme Pathways for WSQ Qualifications*| No. | Industry | Target Operations | Certification/Qualifcation | Training Provider
(CET Centre) |
| 8 | Finance | Settlements Officer | FICS Certification | Financial Training
Institute@SMU (FTI@SMU) |
| 9 | Finance | Compliance Officer | FICS Certification | International Compliance Association (ICA) |
| 10 | Finance | Risk Officer | FICS Certification | NUS Risk
Management Institute
(NUS RMI) |
| 11 | Finance | Relationship Manager | FICS Certification | Singapore College of Insurance (SCI) |
| 12 | Finance | Private Banker | FICS Certification | Wealth Management Institute (WMI) |
*The course fee subsidy for Workforce Skills Qualification (WSQ) and other nationally certifiable courses at CET Centres has been raised from to 90% for PMET-level courses. For the financial sector, this comes under FSDF funding from the Monetary Authority of Singapore. Please visit the page on FICS FSDF Funding to view more details.
For more details on ICA FICS accredited programmes click here.
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