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  "documentTitle": "From Threats to Impact Asia-Pacific",
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      "text": "SkillsFuture remains an integral component of Singapore's effort to improve labor productivity and overcome its talent gap through lifelong learning.",
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      "text": "The HR industry, for example, has benefitted from the efforts to improve HR capabilities. By partnering with industry and the labor union, the government established the Institute for Human Resources Professionals (IHRP) in 2017. To position the HR industry for the future, the IHRP identifies and benchmarks the core competencies necessary for HR professionals throughout their careers. HR professionals can then acquire and deepen the necessary skills through SkillsFuture grants and awards such as the SkillsFuture Study Award. To incentivize employers to invest in the training of their employees, employers who send their employees for training are also given financial support for both salary and training fees. Beyond assisting employees and employers, the SkillsFuture initiative also provides credit and guidance, such as career matching services, for individuals interested in entering the HR industry.",
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      "text": "In 2016, the government launched a more systematic and integrated approach, the Industry Transformation Programme, to focus on developing and integrating industry-specific measures in 23 key sectors through partnerships between industry and government. To support the restructuring of the various sectors, the government also introduced SkillsFuture, a framework to improve the skills and capabilities of employees in Singapore. The approach taken by SkillsFuture is two-pronged: first, the government identifies and subsidizes the provision of trainings; and second, it provides incentives such as credit, internships and awards for individuals to take on these trainings. By targeting individuals across different life stages, the SkillsFuture framework aims to address the challenges of a skills mismatch and talent shortage through continual skills upgrading.",
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      "text": "As a small island-state that faces a scarcity of both natural and human capital, the Singapore government has consistently been trying to improve the productivity of its resources. However, despite efforts to restructure the economy to raise national productivity by 2 to 3 percent annually since 2010, productivity growth has consistently fallen short of expectations: labor productivity growth was stagnant at less than 1 percent on average between 2010 and 2015.",
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      "text": "SkillsFuture has benefitted many individuals: more than 400,000 individuals participated in subsidized training courses in 2016. However, the implementation of the novel initiative has also been a policy learning and fine-tuning process for the government. It was revealed earlier this year that the SkillsFuture initiative suffered about S$40 million in fraudulent claims by a criminal syndicate, the largest case of defrauding a public institution in Singapore to date. In response, the government has been reviewing and strengthening its fraud detection system through data analytics. Another unresolved challenge is establishing indicators to evaluate the progress and outcomes of the various incentives provided to individuals under the SkillsFuture framework. Nonetheless, SkillsFuture remains an integral component of Singapore's effort to improve labor productivity and overcome its talent gap through lifelong learning.",
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      "text": "IN FOCUS | SKILLSFUTURE SINGAPORE",
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