5 steps to master upskilling for your business

Find out how to train employees and develop your workforce skillfully in order to meet your business transformation needs

Benefits for SMEs that invest in training

A 2021 study found that sponsoring local workers for training resulted in increased labour productivity, company revenue, and employee retention for a company.

For every 10% of local workers sponsored for training, companies saw increases in labour productivity, company revenue, and employee retention.

These outcomes were most strongly seen in SMEs. Read more in the 2021 study (.pdf, 199 KB), published by Ministry of Trade & Industry (MTI) and SkillsFuture Singapore (SSG).

5 steps to master upskilling for your business

Benefits for SMEs that invest in training

Step 1: Identify skill gaps and intended training outcomes

Step 2: Check your eligibility for subsidies and funding

Step 3: Find supported courses and programmes

Step 4: Claim Absentee Payroll funding (for courses only)

Step 5: Build a culture of mentorship and workplace learning

5 steps to master upskilling for your business

Benefits for SMEs that invest in training

Step 1: Identify skill gaps and intended training outcomesTo maximise the benefits of training, create a training plan aligned with long-term business goals.

Step 1: Identify skill gaps and intended training outcomes

Step 2: Check your eligibility for subsidies and fundingSponsor your employees for training to tap on funding schemes for businesses. Offset up to 90% of the training costs for your business.

Step 2: Check your eligibility for subsidies and funding

Step 3: Find supported courses and programmesProgrammes provide funding to help businesses build in-house capabilities, hire-and-train new talent, and more.

Step 3: Find supported courses and programmes

Step 4: Claim Absentee Payroll funding (for courses only)After completing the course, submit a claim for Absentee Payroll (AP) funding for SkillsFuture-funded courses.

Step 4: Claim Absentee Payroll funding (for courses only)

Step 5: Build a culture of mentorship and workplace learningCreate opportunities for employees to apply their new skills and share their learnings with others. Keep the momentum going!

Step 5: Build a culture of mentorship and workplace learning