Singapore: Business Upgrades with Salary Subsidies Up to 90%
Highlights and Advantages of the CCP Programme
1. Strong Financial Support to Alleviate Business Burden
During the career conversion period, businesses can receive salary subsidies from the government, significantly reducing the labor costs associated with transformation. Specifically, the support includes:
○General Subsidy: 70% of the employee’s monthly salary.
○Special Groups Subsidy: For older employees (40+) or long-term unemployed individuals, the subsidy can be as high as 90% of the salary.
● Training Fee Subsidy:
The government provides high-level funding for employee training programs, with businesses only needing to pay a small portion of the cost:
○ Internal Training: Subsidy of 9 SGD per hour.
○ External Training: For non-SSG (SkillsFuture Singapore)-supported courses, up to 70% of the course fees are subsidized.
2. Flexible and Diverse Programme Designs
○Artificial Intelligence (AI) Technology
○ Healthcare
○ Beauty and Wellness
○Marketing Management, and more. Regardless of whether the industry is traditional or emerging, there are corresponding projects available.
● Training Formats to Meet Different Needs: CCP offers both short-term and long-term training formats, allowing businesses and employees to select the most appropriate option based on their specific needs.
3. Quick Integration into New Career Fields
● Industry-Relevant: Through industry-related courses and hands-on experience, employees can quickly adapt to new roles, helping businesses and employees smoothly complete the transformation process.
Eligibility Conditions and Evaluation Criteria for Funding Support
Eligibility Conditions for Businesses
- Businesses must be registered in Singapore and have a good business track record.
- Businesses must offer training plans that are relevant to their operations and ensure employees benefit from them.
- Ineligible organizations include government agencies, statutory bodies, and government-owned companies.
Evaluation Criteria for Funding
- Business Transformation Value:The extent to which the project brings actual improvements or innovations to the business.
- Employee Development Outcomes:The specific impact the project has on employees’ skill enhancement and career development.
Funding Disbursement Conditions
● Businesses can apply for funding once they have met the employee development goals as outlined in the Letter of Award (LOA).
Government’s Key Support for Business Training Programs
The government has allocated S$70 million to support the NTUC Training Council’s plans, offering up to 70% in subsidies for eligible businesses. These funds will promote the implementation of business training programs, helping more companies achieve sustainable growth.
2. e2i Place and Train Programme
The e2i Place and Train Programme combines employment with training to benefit both businesses and employees:
● For Businesses: Reduces transformation costs through subsidies, providing employees with opportunities for career transitions.
● For Employees: Enhances skills to meet the requirements of new positions, ensuring employment stability during the transition period.
Application Process and Professional Support
- Understand Programme Eligibility: Confirm that your business meets the eligibility criteria for CCP funding.
- Design Training Plans: Businesses must develop appropriate training plans based on their business needs.
- Submit Application: Submit your application via the NTUC or government-approved platforms and start the project after approval.
- Monitor Implementation and Evaluation: Achieve the objectives outlined in the training plan and apply for funding after completion.
Professional Support Team
If you are interested in the CCP programme or need assistance with applying for subsidies, feel free to contact our professional team! We offer the following services:
● Detailed policy explanations
● Customized training plan designs
● Full-process application support