Funding Assistance Schemes
Employees are a company's greatest asset - help enable their training and development by checking out the various funding assistance schemes available!
Broad-based Funding
Funding for Employer-based Training
SkillsFuture will be providing funding for employer-based training costs and absentee payrolls when employees are sent out for training.
— What is the help available and is my company eligible?
Different types of funding are available depending on company size, type of course, course level, and demographic-based criteria.
Enhanced Hiring Incentive
The Hiring Incentive provides salary support for employers who hire any worker through eligible reskilling programmes.
This is to encourage workers to continue training and keep their employability up through times where hiring needs may change depending on the economy or employers.
Another benefit is that employers will hire a skilled worker who has gone through training and has plenty of work experience.
This is to encourage workers to continue training and keep their employability up through times where hiring needs may change depending on the economy or employers.
Another benefit is that employers will hire a skilled worker who has gone through training and has plenty of work experience.
— What is the help given?
- Employees hired above 40 and has gone through an eligible reskilling/training programme - salary support of 40% for 6 months, capped at $12,000 in total
- Employees hired below 40 and has gone through an eligible reskilling/training programme - salary support of 20% for 6 months, capped at $6,000 in total
— Is my company eligible?
Employers who have taken part in reskilling programmes (e.g. Rank and File Place-and-Train, career progression programmes, PCPs) or training programs (e.g. SGUnited Traineeships Programme) are eligible.
Enhanced Training Support for SMEs
Enhanced training support is made available for SMEs, after research has shown that SMEs tend to spend less on employee training as compared to larger companies.
The Enhanced Training Support Scheme for SMEs comprises of:
The Enhanced Training Support Scheme for SMEs comprises of:
— What help is available?
Higher Course Fee Grant: Course fee funding of up to 90% when companies sponsor employees to attend SSG-supported courses
Enhanced Absentee Payroll (AP) Funding: Funding of 80% of basic hourly salary at a higher cap of $7.50 per hour, an increase over the normal cap of $4.50 per hour.
Enhanced Absentee Payroll (AP) Funding: Funding of 80% of basic hourly salary at a higher cap of $7.50 per hour, an increase over the normal cap of $4.50 per hour.
— Who is eligible?
SMEs that meet all of the following eligibility criteria:
- Registered or incorporated in Singapore
- 30% of local shareholders are Singaporeans or Permanent Residents
- Not more than 200 employed (at group level) or annual sales turnover (at group level) not more than $100 million
- Hired trainees in accordance to employment act and fully sponsored by employers for the course.
- Trainees must be Singapore Citizens or Singapore Permanent Residents
Enhanced Training Support Package &
Enhanced Absentee Payroll
Enhanced Absentee Payroll
Companies from the following sectors that are impacted from COVID-19 are eligible for the Enhanced Training Support Package and Enhanced Absentee Payroll, which seeks to ease companies' financial burden and aid in the economy's recovery.
— What help is available?
Absentee payroll is covered up to 90% of basic hourly salary, capped at $10 per hour. Enhanced Course Fee support is covered up to 90% of course fees when sending employees for training.
— Who is eligible?
Employers from these sectors:
- Air Transport
- Arts & Culture
- Food Services
- Point-to-Point (Taxi and Private Hire) and Private Bus Companies
- Retail
- Tourism
Specific-based Funding
Funding for Workfare Skills Support (WSS) Scheme
WSS complements WIS by encouraging Singaporean workers to attend training to improve their skills. WSS also supports employers to send their workers for training.
— What is the help received?
- Employers can receive up to 95% course fee subsidy and absentee payroll funding.
— Who is eligible?
Your employees will qualify if they meet these criteria:
- are a Singapore citizen;
- are aged 35 years and above on 31 December of the work year (aged 13 years and above for persons with disabilities);
- earn an average gross monthly income of not more than $2,300 for the months worked;
- live in a property with an annual value of less than $13,000 assessed as at 31 December of the preceding year;
- own less than two properties;
- Together with spouse, and both own less than two properties; or
- spouse's assessable income for the preceding Year of Assessment is less than $70,000;
- have signed up for any WSS qualifying courses.
P-Max
The P-Max Programme provides support for SMEs hiring PMETs, to improve their hiring and training for better opportunities.
— What is the help provided and is my company eligible?
- SMEs hiring PMETs enjoy at 90% course fee subsidy when training PMETs as part of the Place-and-Train programme, among other benefits.
- Different versions of P-Max exist depending on hiring needs and age of employees, with different support funding provided.
SkillsFuture Enterprise Credit
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees, through eligible courses under the Enterprise Capability Development Programme and Workforce Transformation Programme.
— What is the help available?
- Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
— Is my company eligible?
Employers which meet the following conditions will qualify for the SFEC:
- Contributed over $750 SDL (Skills Development Levy) over a qualifying period
- Employed at least three Singaporean citizens or Permanent Residents over that same period, every month
- Have not been qualified at any of the earlier periods.
Rank-and-File Place-and-Train Programmes for Employers
As part of the Rank-and-File Place-and-Train Programme, enhanced salary support is provided for employers who hire and train Singapore Citizens (including mature citizens) who are unemployed and actively seeking employment for six months or more.
— What is the help available?
The extent of help available depends on whether the employee is under attachment or reskilling at the company.
— Is my company eligible?
- Company must be Singapore-registered or incorporated
- Able to offer relevant employment to the job which the programme is for, with market-competitive remmumeration
- Company has to commit to training arrangements provided for the employee
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