1. Claim up to $10,000 for selected industries
The Digital Resilience Bonus (DRB) aims to uplift the digital capabilities of a broad base of enterprises. For a start, DRB will be targeted at the Food Services and Retail sectors which are more affected by safe distancing requirements in the reopening of the economy.
The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. Food Services and Retail enterprises that have PayNow Corporate, e-invoicing, and use pre-defined categories of digital solutions for Business Processes, Digital Presence and Data Mining and Analytics can receive bonus payouts of up to $10,000.
Check your company’s eligibility and submit your interest here: Form
2. $10,000 Credit for tech solutions and employees training
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. 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
3. Up to 90% salary support for manpower development
Professional Conversion Programmes (PCPs) are career conversion programmes targeted at Professionals, Managers, Executives and Technicians (PMETs) mid-career switchers, to undergo skills conversion and move into new occupations or sectors that have good prospects and opportunities for progression.
Types of PCPs:
- Place-and-Train (PnT): PMET is hired by a participating employer before undergoing training to take on new job role
- Attach-and-Train (AnT): PMET is provided with training and work attachments, prior to job placement, through industry partners in growth sectors with good future job opportunities
- Redeployment/Job Redesign (JR) Reskilling: PMET at risk of redundancy in vulnerable job roles is retained by existing employers and reskilled to take on new or redesigned job roles within the same company
*Funding caps may apply
* Long-term Unemployed (LTU) is defined as being unemployed and actively seeking employment for six months or more.
*Mature trainee is defined as being aged 40 and above.
4. Up to $105,000 incentive for better work-life arrangement
The Work-Life Grant (WLG) aims to incentivise companies to sustain the use of flexible work arrangements (FWAs) for all employees and to create work-life harmony at the workplace. It comprises 2 components: 1. FWA Incentive of up to $70,000 per company over 2 years 2. Job Sharing Incentive of up to $35,000 per company over 2 years.
The FWA Incentive help companies to sustain implementation of flexible work arrangements for local employees and the Job Sharing Incentive help emplyers to implement job sharing for employees at PMET-level with gross monthly salary of at least $3,600, before job sharing arrangement.
Update: To expedite support, the criteria for WLG has been enhanced to make it easier and faster for companies. Companies will be eligible to receive the FWA Incentive if the local employee adopts work-from-home arrangements daily for at least one month. If work-from-home cannot be practised, staggered hours work arrangements would also be eligible for FWA Incentive. Both the current WLG and Enhanced WLG (for Covid-19) will run concurrently but companies are only able to apply for one version of the WLG FWA Incentive.
For more information, please refer to MOM.
5. 70% funding support for internship programmes
Singapore companies offering internships (local and overseas) to students from Institutes of Higher Learning are eligible for up to 70% funding support on the monthly internship stipend under Global-Ready Talent Programme.
Companies shall provide:
- One mentor or supervisor to offer guidance to the student during the course of internship;
- A structured internship opportunity with clarity in internship job scope; and
- Overseas internships should allow the intern to gain regional market knowledge
For more information, please refer to Enterprise Singapore.
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