Company Training Grant (TGC) Detailed Introduction (Singapore Incentive Policy)

The Company Training Grant (TGC) is an incentive launched by the Singapore Economic Development Board (EDB) aimed at encouraging companies to increase their investment in employee skills development. TGC supports companies in implementing employee training programs by providing subsidies for training costs, particularly for training in new technology applications, industrial skills enhancement, and professional technical development. This grant helps companies maintain competitiveness in a rapidly changing economic environment and drives employees to master the latest technologies and skills.

1. Background and Objectives of the TGC Program

With technological development and changing market demands, companies need to continuously enhance their employees' skills and capabilities to address challenges from new technology applications and industry transformations. The TGC program aims to support companies in conducting targeted training for employees to strengthen their abilities in applying new technologies and mastering high-value skills. This not only helps companies improve productivity and competitiveness but also promotes the overall enhancement of Singapore's workforce skills.

2. Content of the Subsidy Policy

Financial Support:
TGC provides training cost subsidies for eligible companies, helping them reduce the costs of employee skills enhancement. The specific subsidy content includes:

Course fees: Subsidies cover eligible course tuition and training institution fees.
Internal training costs: Including material costs and trainer fees required for training activities conducted by the company itself.
Other training-related expenses: Such as examination fees, certification fees, etc.

Training Program Scope:
TGC supports various types of training programs covering the following areas:

New technology and digital skills: Training in cutting-edge technologies such as data analytics, artificial intelligence, Internet of Things, big data, etc.
Industrial skills and technical applications: Including skills development in areas such as automation, robotics, precision engineering, and green technology.
Management and leadership: Supporting training to enhance employees' management capabilities and business strategy formulation, promoting overall management level improvement in companies.
Interdisciplinary capabilities: Encouraging the cultivation of composite skills, such as interdisciplinary courses combining technology with business analysis.

3. Applicable Company Types

The TGC program applies to companies of all sizes, especially those looking to improve employee technical levels and adapt to emerging industry demands. Applicable company types include:

Manufacturing and high-tech companies: Companies requiring employees to master complex technologies and new equipment operations.
Service industry and digital economy companies: Such as information and communications technology (ICT), fintech, and e-commerce industries where employees need to enhance digital skills.
Green technology and sustainability-related companies: Companies engaged in environmental protection and clean energy technologies can support employee skill updates and enhancements through TGC.

4. Application Requirements

When applying for TGC subsidies, companies need to meet the following requirements:

Training programs must be conducted in Singapore, or completed at recognized overseas institutions.
Training content must comply with TGC policy scope, contributing to enhancing employees' technical levels or management capabilities.
Companies must submit a training plan, explaining the specific objectives, content, and expected skills enhancement effects of the training.
Employees participating in training must be Singapore citizens or permanent residents and continue to serve the company after training completion.

5. Advantages of TGC and Company Benefits

Through the TGC program, companies can obtain the following benefits:

Reduced training costs: Companies can reduce the direct cost burden of employee training through TGC financial support, enhancing employee participation enthusiasm in training.
Enhanced employee skill levels: Through targeted training, employees can master new skills and technologies, thereby bringing higher productivity and innovation capabilities to the company.
Increased employee loyalty and job satisfaction: Skills development opportunities provided by companies not only contribute to personal career growth but also enhance employees' sense of belonging and satisfaction with the company.

6. Role of TGC in Promoting Singapore's Human Resource Development

The TGC program plays an important role in Singapore's overall human resource development:

Promoting the application and diffusion of new technologies: By encouraging companies to train employees in mastering new technologies and cutting-edge technologies, TGC helps promote the application of new technologies across industries, facilitating Singapore's technological innovation.
Enhancing labor market adaptability and flexibility: TGC supports diverse skills training, enabling the labor market to adapt more quickly to technological changes and shifting market demands.
Promoting a culture of lifelong learning: Through corporate investment in continuous employee skills development, TGC promotes a culture of lifelong learning, keeping Singapore's workforce at the forefront of skills enhancement.

7. Application Process

The steps for companies to apply for TGC subsidies include:

Submit preliminary application: Companies submit preliminary applications for training plans to the Singapore Economic Development Board (EDB), outlining training objectives and content.
Prepare detailed training plan: Companies need to provide a plan including detailed information such as training courses, target skills enhancement, participants, and budget arrangements.
EDB review and evaluation: The Singapore Economic Development Board will review the training plan and determine the subsidy amount based on the company's application conditions and value-added effects.
Sign agreement and implement training: Once approved, the company will sign an agreement with EDB and implement training according to the plan.

Company Training Grant (TGC) is an important incentive measure for Singapore to support companies in enhancing employee skills and responding to technological changes. By providing financial support for corporate training programs, TGC reduces training costs and encourages companies to continuously improve employees' technical levels and management capabilities. This subsidy program not only improves corporate competitiveness but also enhances the overall quality of Singapore's workforce, promoting the long-term development of Singapore's human resources. Companies can utilize the TGC policy to provide diverse skills enhancement opportunities for employees, helping them maintain a leading position amid new technologies and industry changes.