Skills Future
Members:
Deepak Asish, Carlo Paulino,
Tyson Plant, Adwait Tilak, Danny Halim
Skills Future is a government funded national movement aimed at enabling all Singaporeans to develop to their fullest potential. This project will; investigate the skills future program; understand who uses it and who doesn’t; analyze the relationship between education and increased income; suggest how can the young program could be improved. Four research were designed questions to achieve this (1) Firstly, what are the required procedures, protocols and eligibility criteria required for applicants to apply for the skills future program? (2) Secondly, does the learning of new skills will positively affect the wages of the individuals? (3) Thirdly, to assess the preferences of current or aspiring Skills Future users with regards to online or in class learning. (4) Lastly, what percentage of the population is aware of the Skills Future program and what is the extent of their knowledge? The group conducting the study consists of five undergraduate business students from James Cook University, Singapore.
Primary and secondary data will be collected in order to provide an in-depth analysis and recommendations to the government of Singapore. Primary data will come in the form of a quantitative survey conducted across several MRT stations around Singapore. A random sampling method will be used to eliminate any bias, the only prerequisite to take part will be that the applicants must be 25+ years of age and also be Singaporean citizens. The secondary research come in the form of an extensive literature review of journal articles and government reports. Due to Skills future being a government initiative there is a high level of transparency in terms of the information available to the public. One major limitation is that since the program only began in 2016 there is limited data available and only over a short timeframe of less than two years.
Findings of the study are that any formal education taken at diploma level or higher significantly increased the individual’s chances of gaining a high-income job. Furthermore, that the Skills Future program is not as well-known as it could be and many Singaporeans are unaware that they are eligible to receive this funding. The most significant recommendations to be made to the government is to increase awareness of the program and its proven benefits to its candidate’s.
