2816234
Training
Budget &
Government
Initiatives
- Training Budget
- It is a primarily a financial plan that sets forth the
resources necessary to meet the pre-set training goals
- It is the investments the
organisation placed in the
training program.
- Important to ensure that the
amount of resources placed
is worth it
- Important to ensure that the
amount of resources placed
is worth it
- It is the investments the
organisation placed in the
training program.
- Categories of Budgeting
- Salaries
- Staff Development
- Outside Vendors
- Consultants
- Furniture & Equipments
- Occupancy
- Marketing
- Communications
- Supplies
- Travel
- Entertainment, F&B
- Salaries
- Elements of a Good training budget
- Being
Comprehensive
- Budget for the actual
training needs in the
business
- Prioritise
training needs
- Use e-materials to
maximise training
budget
- Being
Comprehensive
- It is a primarily a financial plan that sets forth the
resources necessary to meet the pre-set training goals
- Government Initiatives
- Singapore Workforce Development
Agency aims to help workers
advance in their careers and lives
by developing and strengthening
skills-based training
- Available Grants
- Enterprise Training
Support Grant
- Raise employees’
productivity and skills level
- Attract and retain valued employees
through development of good HR and
management systems/practices tied to
training
- Who can qualify?
- All organisations, companies, societies
and non-profit organisations registered or
incorporated in Singapore are eligible to
apply for the scheme.
- Organisations who have tapped on government
assistance schemes in the past, for similar
funding components, may not qualify for some
specific grant components.
- Types of Grants
- Training Grant up to $200,000 per organisation
- Capability Grant – One-time of $20,000 per organisation
- Curriculum Contextualization and Alignment Grant – Up to $52,000 per organisaion
- HR Development Grant – Up to $60,000 per organisation
- Compensation and Benefits System Review Grant – Up to $15,000 per organisation
- Training Grant up to $200,000 per organisation
- All organisations, companies, societies
and non-profit organisations registered or
incorporated in Singapore are eligible to
apply for the scheme.
- Raise employees’
productivity and skills level
- Workfare Training
Support Scheme
- Who can qualify?
- Singapore Citizen ; Aged 35 years
and above; Earn monthly income of
not more than $1900; Have signed
up for any WTS courses
- Singapore Citizen; Monthly income
of not more than $1900; Do not
have O level english OR Workplace
Literacy and Numeracy level 4
- Coverage
- 95% course fees and absentee payroll
funding when signing up for WSQ
courses, part-time ITE, NITEC, higher
NITC, part-time Diploma, Advanced
Diploma, Specialist Diploma
- 100% course fee funding for WSQ
OR 95% absentee payroll funding of
wage OR Milestone award of $200
for each literacy/numeracy
improvement (max$600)
- 95% course fees and absentee payroll
funding when signing up for WSQ
courses, part-time ITE, NITEC, higher
NITC, part-time Diploma, Advanced
Diploma, Specialist Diploma
- Singapore Citizen ; Aged 35 years
and above; Earn monthly income of
not more than $1900; Have signed
up for any WTS courses
- Encourage organisations to sponsor
lower wage employees for training to
upgrade their skills and to improve
business performance
- Lower training
costs and more
training choices
- More support
for basic skills
training
- Lower training
costs and more
training choices
- Who can qualify?
- Enterprise Training
Support Grant
- Singapore Workforce Development
Agency aims to help workers
advance in their careers and lives
by developing and strengthening
skills-based training
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