SMEs Making Strides In Workforce Training, But More Can Be Done

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Media Outreach
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  • NTUC LHUB saw a 75% increase in SME training places in the past year
  • Despite that, SMEs (49%) are least likely to train employees, as compared to MNCs (30%) and large private Singapore Companies (25%)
  • SMEs (49%) are also most likely to leverage training schemes and grants, as compared to private sector multinational corporations (36%) and large private Singapore companies (33%)

SINGAPORE – Media OutReach – 5 August 2021 – For small and medium-sized enterprises (SMEs) that are manpower-lean, upskilling is one of the ways to optimise productivity especially amidst the pandemic. However, according to NTUC LearningHub (NTUC LHUB)’s recent Employer Skills Survey 2021[1], when asked about their intention to send their staff for training, SMEs (49%) are the least likely to do so, as compared to MNCs (30%) and large private Singapore Companies (25%). 

 

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