In 2024, more Singaporeans than ever before embraced upskilling through the SkillsFuture scheme. With the introduction of additional mid-career credits for those aged 40 and above, a record 260,000 individuals used their credits to pursue employment-driven courses. As digital transformation continues across industries, SkillsFuture Singapore (SSG) is intensifying efforts to make lifelong learning more accessible, relevant, and impactful.
Record Number of Singaporeans Used SkillsFuture Credits in 2024
The SkillsFuture movement hit a new high in 2024 with 260,000 Singaporeans utilizing their credits—35% more than in 2023. Of this, 28,000 mid-career individuals aged 40 and above tapped into the enhanced mid-career credits, launched to support career pivots and professional development. This significant uptake shows that Singaporeans are increasingly aligning their learning with practical, employment-based outcomes.
Focus on Employment-Linked Training and Career Transition
SkillsFuture is no longer just about upgrading—it’s about employability. Over 112,000 Singaporeans enrolled in job-focused training programmes such as stackable qualifications, Career Transition Programmes, and courses supporting the Progressive Wage Model. Notably, 54% of Career Transition Programme participants landed jobs within six months, underlining the direct career impact of these initiatives.
Mid-Career Credit Scheme Boosts Learning for Ages 40 and Above
To support lifelong employability, Singaporeans turning 40 now receive an additional S$4,000 in SkillsFuture mid-career credits. More than 7,000 courses—including full qualifications and industry-relevant training—are eligible under this scheme. The move reflects the government’s commitment to equipping mid-career professionals with skills for the evolving job market.
Quality Over Quantity: Course and Provider Review Strengthens Training Ecosystem
SSG isn’t just expanding course offerings—it’s refining them. In 2024, about 15% of training providers were terminated or withdrew due to substandard course quality. New, stricter criteria for course renewal now ensure all funded programmes meet performance and industry relevance benchmarks. This continuous quality assurance protects learners and builds trust in the system.
Rise in Digital and Tech Training: AI, Cybersecurity, and Digital Marketing Lead
Digitalisation is reshaping industries, and Singaporeans are responding. There’s been a sharp increase in enrolments for IT-related courses, particularly in artificial intelligence, cybersecurity, and digital marketing. With platforms like Udemy Business and Coursera added in 2024, the number of online learning claims jumped from 266 in 2023 to 2,655—an almost tenfold surge.
Employers Embrace SkillsFuture to Build Future-Ready Teams
More companies—especially SMEs—are sending employees for SkillsFuture-supported programmes. In 2024 alone, 24,000 companies participated, with 95% being small- to medium-sized enterprises. This trend signals growing recognition of the importance of continuous learning and reflects a deeper investment in workforce development.
Supporting a Future-Ready Workforce Beyond Training
Beyond financial support, SSG is also focused on holistic workforce development. Efforts include supporting mid-career switchers, enhancing job redesign, and creating safe, respectful work environments. These initiatives reflect a long-term vision to build a resilient, skilled, and inclusive workforce in tandem with evolving economic needs.
Conclusion
As Singapore navigates a rapidly changing global economy, the surge in SkillsFuture credit usage in 2024 marks a promising shift toward lifelong learning and career adaptability. With stronger course standards, growing employer participation, and more targeted support for mid-career individuals, SkillsFuture is playing a pivotal role in future-proofing the Singaporean workforce.
