FOR EMPLOYERS!! SKILLSFUTURE ENTERPRISE CREDIT

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.

To encourage employers to train and upskill their workers, S$3,000 of the credit should be used for workforce transformation programmes and employers can only use up to S$7,000 for enterprise transformation. There is no cap on the amount that can be used for workforce transformation.

Note:
Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit.

Training courses that commence from 1 April 2020 can be considered for SFEC. Applications are to be submitted on or after 1 April 2020 and final claims for the projects are to be submitted by 30 June 2023. Credit will be reimbursed to employers from 1 April 2021.

WHAT DOES THE SFEC SUPPORT?
Enterprise Transformation – Programmes that support enterprise transformation

Workforce Transformation – Job redesign initiatives, and curated training programmes by SkillsFuture Singapore and Workforce Singapore, such as training courses aligned to the Skills Framework, Professional Conversion Programmes and sector-specific programmes

The list of SFEC-supportable programmes can be found here:
https://www.skillsfuture.sg/sfec