MTI Study Reveals Employer-Sponsored Training Benefits Companies And Employees

23 Aug 2021

Ref No: 230821 (2)
UEN: S97SS0046G

A recent study by the Ministry of Trade and Industry (MTI) found that companies benefit from investing in the upskilling and training of their employees. According to the study, employer-sponsored training leads to higher revenue, local employment, labour productivity, and employee retention for the company.

You may refer to the results of the study via the infographic below. A full report has also been made available here.

The Government will continue to support enterprises in their efforts to develop their workforce. Find out more about the suite of initiatives by SkillsFuture here.

MTI has also recently started a Telegram channel to share the latest announcements and information on the economy. Do join their Telegram channel here.

Our Warmest Regards,

ASPRI Secretariat