WHAT'S CHANGING?
From Oct 1, employers here will have to pay the Skills Development Levy for all their workers. Currently, they only have to do so for workers earning less than $2,000.

Instead of the existing rate of 1%, the monthly levy that employers have to pay will be 0.25% of the first $4,500 that a worker earns or $2, whichever figure is higher.

HOW DOES THAT AFFECT YOU?
Employers may soon have to pay the levy for all their workers, but the reduction in rate per worker will serve to ease the transition.

For employees, the amendment is a good sign, as an increasingly educated workforce means that continuous upgrading and training should not only apply to lower-skilled workers.