Grant Overview
Understand how this grant can help you in your company’s digital transformation strategy
Tap on Generous Salary & Training Support with CCP
With skills needs shifting rapidly, hiring experienced mid-career individuals and upskilling them is prudent.
But this route often requires considerable investment.
Fortunately, Singapore's Career Conversion Programmes (CCP) grant is available to alleviate the financial burden of reskilling mid-career hires.
Quick note - if you're planning to hire new employees please look digest through this article, we will be covering these topics:
- CCP grant highlights and outcomes
- Key eligibility criteria for companies and individuals
- Details on funding amounts and duration
- Realistic examples of CCP benefits
- Step-by-step application process
- Tips for creating a compelling application
If your business is looking to bring on board experienced mid-career professionals (PMETs), CCP can provide generous support with salary and training costs.
CCP Grant Highlights: Funding for Mid-Career Hiring & Reskilling
The CCP grant aims to facilitate recruitment and training of mid-career PMETs by companies seeking to tap their experience.
Here are key details on CCP:
- Up to 90% salary support for SMEs - Defrays cost of hiring mid-career individuals
- Up to 70% salary support for non-SMEs - Still substantial funding for larger firms
- CPF contributions supported - Reduces overall employment costs
- Funding for reskilling - Offsets necessary training to equip PMETs for new roles
By providing funding support, CCP enables you to access experienced mid-career talent and develop them for roles in growing areas.
Which Companies Are Eligible for the CCP Grant?
The CCP grant targets companies keen to bring on board mid-career PMETs into new roles.
Here are the key eligibility criteria:
- Company must be Singapore-registered
- Must offer PMET a full-time role with minimum 12-month contract
- Role must be newly created, tied to business needs
- No retrenchment of similar roles in last 12 months
Both SMEs and large corporations across industries can benefit from CCP to facilitate productive mid-career hires.
CCP Can Fund Up to 18 Months of Salary & Training
The CCP grant provides generous support for both salary and training costs over an extended duration.
CCP will fund:
- 6 to 18 months of salary support - Duration depends on training requirements
- Up to 90% support for SMEs - Capped at $6K monthly
- Up to 70% support for non-SMEs - Capped at $4K monthly
- CPF contributions - At your employer rate
- Approved training fees & allowances - For courses, attachments etc.
This alleviates the substantial investment required to onboard and develop mid-career PMETs.
Examples: How CCP Facilitates Mid-Career Transitions
Consider how CCP can support two hypothetical companies:
MediCare Telehealth - Telemedicine Coordinator
- MediCare, an SME, aims to expand care services via telemedicine
- Hires Jean, an experienced healthcare administrator, as Telemedicine Coordinator
- Uses CCP funding for 12-month training plan including on-job training, courses and attachments
- Grant enables MediCare to tap Jean's healthcare expertise
Automate Technologies - Automation Engineer
- AutomateTech, an MNC, looks to implement smart factory solutions
- Brings on board Nick, a mid-career engineer, as Automation Engineer
- Leverages CCP for 18-month training plan including hands-on learning, courses and overseas assignment
- Grant allows cost-effective reskilling of Nick into high-demand role
As demonstrated, CCP facilitates mid-career transitions into new roles supporting business growth objectives.
4 Tips for a Strong CCP Grant Application
When applying for the CCP grant, we recommend:
1. Select experienced mid-career individual - Leverage their expertise.
2. Prepare comprehensive training plan - Blend hands-on, courses, attachments etc.
3. Highlight business needs - Show clear alignment to growth.
4. Meet all eligibility criteria - For both company and candidate.
Thoroughly demonstrating the strategic value of your mid-career hire will strengthen your CCP application.
Step-by-Step Guide to the CCP Application Process
Here is an overview of the CCP application process:
- Company engages suitable mid-career individual prior to application
- Company develops training plan tailored to required skillsets
- Online application form submitted with supporting documents
- WSG and e2i assess application (6-8 weeks)
- Notification of approval and grant amount
- Company proceeds with hiring and training plan for candidate
- Company claims periodic reimbursements upon meeting milestones
Following this process will put your CCP application on the right track.
Access Experienced Talent with CCP Support
In summary, the Career Conversion Programmes grant enables Singapore companies to productively harness mid-career professionals.
Generous funding support from CCP allows you to tap industry experience while reskilling individuals for high-growth roles.
To explore how CCP can supercharge your talent management strategy, speak to our specialists. Book a discovery call through our website and we'll be in touch!
Outcomes and Impacts
Here are key details on CCP:
- Up to 90% salary support for SMEs - Defrays cost of hiring mid-career individuals
- Up to 70% salary support for non-SMEs - Still substantial funding for larger firms
- CPF contributions supported - Reduces overall employment costs
- Funding for reskilling - Offsets necessary training to equip PMETs for new roles
