Causes of Economic Downturns
Economic downturns are caused by a number of factors. In the case of Singapore, the nation slipped into recession as early as 2008 because of the U.S. banking crisis. Although a S$20.5 billion Resilience Package was released by the Singaporean government to enable businesses and employees to cope with the recession, economic growth continues to be slow because of the volatile global economy. Early this year alone, major companies such as Standard Chartered, HSBC, RWS, Rakuten, and Maersk have laid off employees and have instituted cost cutting measures.
If you are one of those unlucky employees who have been laid off or if you are a job seeker and are unable to find employment, it is possible that the main reason for this is that you lack the skills that the company needs. In this regard, it is necessary that you earn your part-time diploma now! You may visit brightfuture.sg website for more details.
Acquiring a Part Time Diploma Through SkillsFuture Credit
If you are caught in the middle of an economic downturn, this is not the time for you to be depressed and worry about the future. Instead, you should consider getting training for skills that you lack or further develop those skills that you already possess. This is where SkillsFuture Credit comes in.
SkillsFuture Credit has over 10,000 full time and part time diploma courses that will help you to gain the skills training you need for your chosen profession. If you have been laid off, determine which skills your retained co-workers possessed and apply for courses that will help you develop these same skills. For example, if you had been a low ranking company manager, BrightFuture.sg offers a number of business management courses, including one on Business & Information Management especially if you are not updated on the latest technologies.
SkillsFuture also offers courses on cooking, digital art and animation, and many others. If you have a favourite hobby, take a course on it so that you can turn it into a profitable venture.
Job seekers should also apply for courses so that you will gain the skills that will give you that “hire-appeal” for prospective employers.
As for those who have been retained in their current jobs, it does not mean that your employment is secure. If you have not upgraded your skills in years, you may still find yourself among the terminated in the future. Taking part time courses will give your skills that much needed level up that will enable you to keep your job.
