Budget 2021

Deputy Prime Minister and Finance Minister Heng Swee Keat delivered his Budget 2021 statement on 16 February 2021. In his speech, he announced the extensions and enhancements to the following SSG and WSG programmes:

Budget 2021: SGUnited Jobs and Skills Package

The SGUnited Jobs and Skills Package, comprising the SGUnited Mid-Career Pathways Programme, SGUnited Skills Programme, and SGUnited Traineeships, will be extended to 31 March 2022. The enhancements will strengthen support for mid-career individuals and fresh graduates looking for full-time positions. They will take effect from 1 April 2021.

SGUnited Mid-Career Pathways Programme - Company Attachment
The Company Attachment track under the SGUnited Mid-Career Pathways Programme provides opportunities for mid-career individuals to take on a company attachment with host organisations and gain meaningful industry-relevant experience to boost employability, while receiving a training allowance of up to $3,800.

• Higher attachment allowances, from the maximum of $3,000 monthly to $3,800 monthly
• For mid-career individuals aged 40 and above, host organisations will receive higher government co-funding for training allowance of 90% instead of 80% previously.

More details can be found here (for mid-career individuals) and here (for host organisations).

SGUnited Mid-Career Pathways Programme – Company Training
The Company Training track under the SGUnited Mid-Career Pathways Programme helps mid-career individuals acquire industry-relevant skills through training with reputable companies and market leaders such as Korn Ferry and SAP.

• Monthly training allowance of $1,500 during your duration in the programme to help cover basic expenses
• There will be more training places available for courses in sectors with good hiring opportunities
• Course duration for new intakes of SGUnited Mid-Career Pathways Programme - Company Training from April 2021 will be condensed
 
More details can be found here
Click here for the list of SGUnited Mid-Career Pathways Programme – Company Training courses

SGUnited Skills Programme
The SGUnited Skills programme is a full-time training programme comprising certifiable courses delivered by CET Centres, including Institutes of Higher Learning.

• Monthly training allowance of $1,200 provided during the duration of the programme to help cover basic expenses
• More training places available for courses in sectors with good hiring opportunities
• Course duration for new intakes of SGUnited Skills Programme from April 2021 will be condensed

More details can be found here
Click here for the list of SGUnited Skills Programme courses

SGUnited Traineeships programme 
The SGUnited Traineeships programme was introduced in March 2020, to provide recent and new graduates with opportunities to gain valuable industry-relevant experience, and build professional networks, amidst weaker hiring sentiments during the COVID-19 pandemic.

• For ITE graduates, from the maximum of $1,500 monthly to $1,800 monthly 
• For diploma graduates, from maximum of $1,800 to $2,100 monthly

More details can be found here (for fresh graduates) and here (for host organisations).


Enhancing Support for Job Redesign under Productivity Solutions Grant

Job redesign can help make jobs more productive and attractive for workers, and benefits enterprises by allowing them to hire and retain good workers to facilitate business transformation.

MOM will raise the Government co-funding ratio for the Support for Job Redesign under Productivity Solutions Grant (PSG-JR) from 70% to 80%, capped at $30,000 per company, for approved projects. 

More details can be found here.

Extending the Capability Transfer Programme

The Capability Transfer Programme (CTP) will be extended for another three years to 2024. This will further support the transfer of capabilities from foreign specialists to locals, on top of other sector agencies’ efforts.

More details can be found here.

Topping up the Senior Worker Early Adopter Grant and Part-Time Re-employment Grant

The Senior Worker Early Adopter Grant (SWEAG) and Part-Time Re-employment Grant (PTRG) will be topped up by over $200 million. This will support more companies to move earlier to raise their retirement and re-employment ages and to provide more senior workers with part-time opportunities during re-employment.

The details will be provided at the MOM Committee of Supply Highlights 2021. More information on the SWEAG and PTRG can be found here.