New scheme offers funding and professional help for service companies to transform and boost productivity
Service sector companies can tap on government subsidies and professional guidance under the new Service Industry Transformation Programme (SITP) for Lifestyle Sectors to transform their businesses. SITP aims to help businesses improve the way they serve customers, streamline and digitalise operations, and redesign jobs to attract workers.
The 2nd edition of the report offers deeper analysis into the priority skills and jobs in demand within the Green, Digital and Care economies. The report also comes with a special focus on Industry 4.0 implementation, Critical Core Skills, and the support for our mid-career workers. Companies can tap on these insights guide their workforce skills investment.
A study by MTI and SSG found that employer-sponsored training leads to better business outcomes. Companies that invest in training their employees enjoy improvements in revenue, productivity, and staff retention.