35% - 45% Salary Support for your new hire for 1 years

Published/Updated on:
March 11, 2020
Want to expand your business by hiring new talent but need some support to fully prepare them for the job? Fortunately for us, there's a government initiative for that called the Professional Conversion Programme (PCP) Place-and-Train Programme.

The PCP Place-and-Train Programme is a government initiative under SkillsFuture Singapore to help fashion business gain 35 - 45% salary support for their new hires and bridge industry skill gap.

UPDATE: From 1st Sept 2020,

Job Growth Incentive (JGI) Salary Support Scheme implemented by the government can be used alongside the PCP Salary Support Scheme.

Employers that increase their overall local workforce between September 2020 to February 2021 (inclusive) will receive Government support. To be eligible for the JGI, there must be an increase in overall local workforce size AND increase in local workforce size earning ≥$1,400/month, compared to the August 2020 local workforce. The support is 25% (or 50% for mature local hires aged 40 and above) of the first $5,000 of gross monthly wages paid to all new local hires. Government support will be provided for 12 months from the month of hire, if employers continue to meet the eligibility criteria. Read more here

The objectives of the PCP salary support initiative are:

  1. To support fashion businesses in growing and scaling their business by alleviating their salary expenses for up to one year.
  2. To support fellow Singaporeans looking to re-skill and take on new jobs in different sectors.
  3. To encourage employers to hire and re-skill unemployed Singapore Citizens or PR who have been unemployed for > 6-months. 

Who's eligible?

Your business and your candidate are eligible to join this initiative if it fulfils the following requirements:

  1. Business is registered in Singapore and is in the textile and fashion industry.
  2. Candidate is a Singapore Citizen or PR with at least a diploma qualification.
  3. New hire must have a change in job scope from their previous role.
  4. An existing employee who has worked for 3-months or less can be put on the programme if they fulfil the above criteria.
  5. Individuals with no connections to the PCP participating company: I.E. Shareholder, individual who are related to the owner (wife, brother)
  6. An existing employee who has worked for 3-months or less can be put on the programme if they fulfil the above criteria

How does it work?

While eligible companies enjoy a salary support of 35 - 45% for their new hires for 12-months, they are required to sponsor their candidate for professional training under TaF.tc by completing any one of our 3 Diploma Programmes OR any of our 15 professional WSQ Short courses within their first 12 months of employment. Course schedule can be customised to include part-time classes.

The courses have to be fully paid by the company - but on top of the 70% government funding for most of our courses, eligible SME companies are able to claim an additional 20% grant for each course via Skillsconnect after the completion of each module. Effectively, that's a 90% funding on all courses!

In a nutshell, here's how companies can visualise their cost and savings:

Cost and savings for Jane Lee, a PR new hire aged 28 under the 35% salary support for a period of 2 years
*Update: Kindly note that the grant has been reduced from 2 year to 1 year. 

How do I get started?

1. Check if your company and potential candidate is eligible for this programme. Here's a check-list with all the evaluation criteria required.

Companies can either enlist the help of TaF.tc to recommend graduates or embark on their own search for a candidate that is a good fit for their organisation. 

2. Evaluation and on-boarding. TaF.tc will verify the eligibility of the candidate. Thereafter, we will work with the direct supervisor to plan a 1-year work-study schedule for the candidate. Lastly, we will conclude with a PCP contract for the company.  

3. Programme kick-off: Register your new hire into TaF.tc’s courses and start applying for grants via SkillsConnect within 30 days from every course start date. You must submit the claim within 120 days from the course end dates. TaF.tc will disburse salary support quarterly once the required documents (OJT & Payslip) are furnished.

Arrange a 20-minute call here with a programme advisor to build a plan for your organisation!

FAQs:

Matthew Ong

Matthew Ong is the Chief Revenue Officer at TaF.tc. He is responsible for all activities that generate revenue. As a CRO, he coordinates with marketing, sales and the customer success team to ensure that our prospects and students gain the most value and outcomes out of their time at TaF.tc. He is a proud leader of 4 great sales reps; Gabriel Williams, Wilson Yen, Zhang Meng Qian, Vanessa Tan, and is obsessed with people and self-development. During his free time, he enjoys going for runs and solving problems on a rock wall.

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