Financial and Awards Schemes
The Academy works in close collaboration with relevant government agencies to promote professionalism in logistics industry through training and development. The Academy programmes designed to address the current needs of the industry, are recognized by various government agencies through their provision of training incentives to sponsoring companies and individuals.
Following are summary of training incentives made available to participants:
SkillsFuture Credit
SkillsFuture Credit
From Jan 2016, all Singapore Citizens aged 25 and above will receive an initial $500 SkillsFuture Credit from Government to pay for the course fees for attending work-skills related courses. Selected TLA courses are eligible for the subsidy.
Participants can use the credit by applying for claim(s) starting January 2016. All eligible Singaporeans will be able to access their SkillsFuture Credit account via www.skillsfuture.sg/credit once they receive their account activation letter.
For more information on SkillsFuture Credit, please click here.
Employer-based Funding (Certifiable Skills Training for SMEs and non-SMEs)
Employer-based Funding (Certifiable Skills Training for SMEs and non-SMEs)
Through the Singapore Workforce Development Agency, employers can enjoy grants for staff training though the funding rate may differ for various courses. Employers will need to apply via the SkillsConnect system (skillsconnect.gov.sg) to obtain training assistance for course fees. Funding for absentee payroll is also obtainable through the system.
Type of courses | Conducted by | Rank & File Level Courses | PME1 Level Courses | Trainee is Singaporean, aged >= 35 years, earning <= $1,900/month |
---|---|---|---|---|
Certifiable Skills Training | External training providers | 90% of course fee capped at $30/hr for SMEs2 80% of course fee capped at $7/hr for non-SMEs |
90% of course fee capped at $30/hr for SMEs2 50% of course fee capped at $15/hr for non-SMEs |
95%3 of course fees for both SMEs and non-SMEs |
Certifiable Skills Training | In-house instructors | $15/hr for SMEs2 $7/hr for non-SMEs |
$15/hr for both SMEs2 and non-SMEs | $8.50/hr for Rank & File level courses $15/hr for PME1 level courses for both SMEs and non-SMEs |
1Professionals, Managers and Executives.
2Small and medium enterprises (SMEs):
- Minimum 30% local shareholding; AND
- Company’s Group annual sales turnover not more than S$100 million OR Company’s Group employment size not more than 200 workers
3Enhanced course fee funding under the Workfare Training Support (WTS) Scheme
Absentee Payroll Funding
WDA also funds your employee’s salary while he/she is training. You may apply for absentee payroll funding at the following rates via SkillsConnect:
Type of Courses | General | Trainee is Singaporean, aged >= 35 years, earning <= $1,900/month |
---|---|---|
CET Centre Courses and other Certifiable Skills Training Courses | SMEs180%of hourly basic salary capped at $7.50/hr For training outside working hours, subject to employer top-up of balance 20% of hourly basic salary, capped at $1.90/hrNon-SMEs80%of hourly basic salary capped at $4.50/hr For training outside working hours, subject to employer top-up of balance 20% of hourly basic salary, capped at $1.10/hr |
95%2 of hourly basic salary for both SMEs and non-SMEs For training outside working hours, subject to employer top-up of balance 5% of hourly basic salary |
1Small and medium enterprises (SMEs):
- Minimum 30% local shareholding; AND
- Company’s Group annual sales turnover not more than S$100 million OR Company’s Group employment size not more than 200 workers
2Enhanced absentee payroll funding under the Workfare Training Support (WTS) Scheme
Check out www.wda.gov.sg for more information.
Employer-based Funding (Non-certifiable Skills Training)
Singapore-registered companies with staff who are Singaporeans or Permanent Residents qualify for the employer-based funding of $2 per training hour.
Type of Courses | Conducted by | Rank & File Level Courses | PME Level Courses | Trainee is Singaporean, aged >= 35, Earning <= $1,900/mth |
---|---|---|---|---|
Non Certifiable Skills Training | External / in-house | $2/hr |
Ask TLA for the CLP courses that are supported under this category at 6499 9799 or logisticsacademy@sla.org.sg.