Your Partner in Securing Manpower Grant
In today’s competitive market, adaptability and innovation are paramount for businesses seeking sustainable growth. There are multiple grants such as Career Conversion Programmes (CCPs), Job Redesign, Senior Worker Early Adopter & Part Time Re-employment Grant is a transformative initiative by designed to address manpower needs by reskilling mid-career new hires and existing employees for growth jobs in demand across various industries.
The Career Conversion Programmes (CCPs) is a transformative initiative by Workforce Singapore (WSG) designed to address manpower needs by reskilling mid-career new hires and existing employees for growth jobs in demand across various industries by having up to 90% salary support.
What are the subsidies rate?
Existing Hire (Singaporean / Singapore PR):
40 years old & above – 3 mths of 90% Salary (cap. at $6,000/mth)
40 years old & below – 3 mths of 70% Salary (cap. at $6,000/mth)
New Hire – Singaporean / Singapore PR):
40 years old & above – 6 mths of 90% Salary (cap. at $6,000/mth)
40 years old & below – 6 mths of 70% Salary (cap. at $6,000/mth)
These two grants combined awards companies SG$5,000 per Singaporean permanent staff over 60 years old.
What are the subsidies rate?
1. SWEAG
– Provides grant of $2500 per qualifying senior workers
– In exchange, your company has to increase your Retirement Age to 66 (from the current default of 63), and Re-employment Age to 71 (from the current default of 68)
– Note that under the RRA, your company cannot dismiss employees below Retirement Age based on his/her age
– Similarly, your company must offer re-employment to eligible employees which have passed Retirement Age, but who are still within Re-employment Age
2. PTRG
– Provides grant of $2500 per qualifying senior workers
– In exchange, your company has to commit to providing Part-Time re-employment opportunities to senior workers who have past their retirement age but who are still within the re-employment age, upon their request for such part-time workload
Capped at $250,000 (50 Senior Worker) per Company Made up of $125,000 per company for SWEAG, and $125,000 per company for PTRG.
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