Yes, SkillsFuture Singapore (SSG) does indeed offer funding for training programmes to support workforce development in SMEs. But of course, not everyone can just walk in and claim the funds. There are a few obvious reasons for tightening up on SkillsFuture Grant claims.
Regardless of the size of the fund however, it must obviously be managed well if we are to achieve the country’s aim of up-skilling and upgrading our workforce. There are clear rules and regulations in place to ensure that the ‘limited pieces of the pie’ is allotted to those who truly need it and goes exactly where it’s needed.
10 Criteria for SMEs to Access SSG Funded Training
Registered and Operating in Singapore
Firstly, if you want to get SSG funding, your SME has to be incorporated in Singapore. This is to make sure that only legitimate businesses get the funding and to monitor how the training programmes impact our local economy.
Minimum of 30% Local Shareholding
Another key requirement is that SMEs need to have at least 30% local shareholding. It’s all about keeping it local and making sure that the people who live here benefit from the businesses that operate here.
Annual Sales Turnover Not Exceeding S$100 million or Employment Size Not Exceeding 200 Workers
The aim of the grant is to support smaller enterprises. So if your annual sales turnover is more than S$100 million or you have more than 200 workers, unfortunately, you won’t be eligible for SSG funding. This ensures that funding is directed towards SMEs that really need it and helps level the playing field.
Offering Eligible Employment in Relevant Sectors
To get SSG funding, SMEs have to offer jobs in sectors that are relevant to the training programmes. This ensures that the skills people learn are relevant to the needs and demands of the industry.
Financial Viability and Ability to Fulfil Training Requirements
SMEs need to be financially viable and able to fulfil the training requirements. This ensures that SMEs can sustain the training programmes and maximise the benefits derived from them.
Good Track Record of Compliance with Regulatory Requirements
Having a good track record of compliance with regulatory requirements is also a must. It shows that SMEs are committed to ethical conduct and legal compliance, which instills trust among stakeholders.
Commitment to Employee Development
A commitment to employee development is also key. The SMEs must understand the importance of investing in their employees and nurturing their growth.
Having Eligible Trainees for Training Programs
Workers who are Singaporean citizens or Permanent Residents are eligible to attend workshops funded by the SkillsFuture Singapore (SSG). However, individuals holding work permits, S Passes, or other types of work passes generally do not qualify for these SSG-funded workshops, as the grants are primarily aimed at enhancing the skills of local employees.
Furthermore, part-time staff, interns, and foreign workers may also be excluded from participation based on the eligibility criteria established by SkillsFuture Singapore. This criteria ensures that the programmes cater to individuals who stand to benefit the most from the skills they acquire.
Approval and Accreditation of Training Programs by SSG
The training programmes also need to be approved and accredited by SSG. This ensures that the programmes meet quality standards and are relevant to the industry. Click here to find out What is an Approved and/or Accredited Training Provider?
Meeting Specific Eligibility Criteria for Each Training Program
Finally, each training programme has its own specific eligibility criteria. This ensures that the programmes cater to unique objectives and priorities.
Understanding and navigating these eligibility criteria is crucial for SMEs that want to access SSG funded training programmes in Singapore.
What is an Approved and/or Accredited Training Provider?
An Approved and/or Accredited Training Provider is authorised to deliver workshops supported by SkillsFuture Singapore (SSG). They have to meet certain stringent criteria and standards set by SSG.
***Note: CORE Training Consultancy IS NOT an Approved and/or Accredited Training Provider. We however are selected by Approved and/or Accredited Training Providers to market and conduct specific training programs for them. We are currently working with 3 such training providers.
Here are some common characteristics that define an approved training provider:
Accreditation
Approved training providers are accredited by relevant authorities or industry bodies, ensuring that they meet specific quality standards and deliver training programs that align with industry requirements.
Track Record
An approved training provider usually has a proven track record of delivering high-quality training programs and achieving positive outcomes for participants, demonstrating their expertise and commitment to excellence.
Industry Recognition
Approved training providers are often recognised and respected within their respective industries for their expertise, innovation, and contributions to workforce development.
Curriculum Relevance
Approved training providers offer training programs that are relevant, up-to-date, and aligned with industry trends, ensuring that participants acquire skills that are in demand in the current job market.
Qualified Instructors
Approved training providers employ qualified instructors with relevant industry experience, academic credentials, and teaching qualifications to deliver effective and engaging training sessions. The instructors and trainers must be ACTA (Advanced Certificate in Training and Assessment) or ACLP (Advanced Certificate in Learning and Performance) certified.
Compliance with Regulations
Approved training providers adhere to all regulations, standards, and guidelines set by SSG and other relevant authorities, ensuring compliance with legal and ethical requirements. These providers are subjected to regular audits to ensure standards are met.
Assessment and Evaluation
Approved training providers have robust assessment and evaluation processes in place to measure the effectiveness of their training programs and monitor participant learning outcomes.
Resources and Facilities
Approved training providers have adequate resources, facilities, and technology to support effective training delivery and create a conducive learning environment for participants.
Customer Service
Approved training providers prioritise customer service, responsiveness, and professionalism in their interactions with participants, ensuring a positive learning experience and effective communication throughout the training program.
Continuous Improvement
Approved training providers are committed to continuous improvement, feedback, and innovation in their training offerings, seeking ways to enhance program quality, relevance, and impact over time.
Choosing an SSG-authorised training provider generally guarantees a positive learning experience characterised by industry relevance, expert guidance, innovative teaching techniques, thorough assessments, and ongoing support.
This significantly enhances the overall effectiveness and value of the program for participants eager to develop their skills and advance their careers, all while avoiding the full expense of a standard training workshop.
Authorised Training Providers We Work With
These are the Authorised Training Providers that CORE Training Consultancy works with:
- Wizlearn Technologies https://wizlearn.com/
- SSTC Institute https://sstc.edu.sg/
- PPP Academy https://www.pppacademygroup.com/
