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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.
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)
The participating company must fulfil the following criteria:
a. Singapore Citizen or Permanent Resident
b. Minimum 21 years old
c. Graduated or completed National Service, for at least two (2) years*
d. Career conversion is required:
d1. New Hire: New job role trained for under the CCP should be substantially different from previous job role(s),
d2. Existing Employee: New job role should be growth job identified under the Industry Transformation Maps (ITMs)/Jobs Transformation Maps (JTMs).
e.Able to commit to full-time employment or attachment in a participating company
*This will be counted from the date of graduation from latest qualification, or date of completion of national service, whichever is later.
These two grants combined awards companies SG$5,000 per Singaporean permanent staff over 60 years old.
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
Be registered in Singapore (?Including societies and non-profits like charities and VWOs)
Employ senior worker(s) above 60 years old
?
Such workers must:
(i) be SG citizen or PR,
(ii) be paid CPF,
(iii) be employed for at least 3 months on permanent basis or contract of at least 12 months, and
?(iv) not be ACRA – listed personnel or shareholders
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