The Singapore government has announced reorganization plans, with two reconstituted statutory boards looking into employment-related matters expected to be formed by the end of 2016.

A new statutory board, SkillsFuture Singapore, will implement SkillsFuture, a program introduced in the 2015 budget whereby every Singaporean is given an initial SkillsFuture credit of S$500, which will be topped up at regular intervals and which can be used toward skills upgrading.

Separately, the Singapore Workforce Development Agency will be reconstituted into a new statutory board named Workforce Singapore, which will focus on jobs and ensuring enterprises can become manpower-lean while remaining competitive.