Why is the SkillsFuture Credit (SFC) only for individuals? Will the Government extend support to employers?
SFC aims to strengthen individuals' ownership of skills development and lifelong learning.
For employers who are eligible, they can access a one-off $10,000 SkillsFuture Enterprise Credit (SFEC) to cover up to 90% of out-of-pocket expenses for supportable enterprise development and workforce transformation programmes.
In addition, employers are eligible for course fee subsidies for SSG-supported courses. Under the Enhanced Training Support for SMEs, SMEs receive up to 90% course fee subsidy when they sponsor their employees for training. Employers who sponsor their Singaporean workers aged 40 years and above for training can also receive up to 90% course fee subsidies for SSG-supported courses under the SkillsFuture Mid-Career Enhanced Subsidy.
This information is sourced from SKILLSFUTURE
Related questions
Why do lower-income earners receive the same amount of SkillsFuture Credit (SFC) as high-income earners?
Is the opening SkillsFuture Credit (SFC) of $500 enough to cover training costs?
Why is SkillsFuture Credit (SFC) only available to Singaporeans aged 25 and above?
Why does the SkillsFuture Credit (SFC) only support skills-related courses?
