To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, S$3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to S$7,000 of the credit for enterprise transformation. There is no cap on the amount that can be used for workforce transformation.
a. A separate application for SFEC is not necessary. ESG will notify all newly eligible employers for SFEC via email sent to their registered CorpPass Administrators.
b. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. The SFEC credit will be automatically deducted for SFEC-supportable schemes or training courses.
c. Employers newly qualified in 20211 may use their SFEC for supportable programmes applied from 1 April 2022. Employers who were previously qualified2 can continue to use their SFEC for supportable programmes submitted on or after
1 April 2020.
1 Qualifying period: 1 Jan 2021 – 31 Dec 2021
2 Previous qualifying periods were:
a. 1 April 2019 – 31 March 2020
b. 1 July 2019 – 30 June 2020
c. 1 October 2019 – 30 September 2020
d. 1 January 2020 – 31 December 2020
d. Employers who have sent foreign employees (excluding Long-Term Visit Pass holders) for training will have to submit the SFEC claims after course completion via the SkillsFuture Singapores's SFEC microsite. If the employees are Singaporean/Permanent Resident employees (including Long-Term Visit Pass holders), please check with the Training Providers on whether there is a need to submit the SFEC claims via the microsite.
e. Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2024. Claims can only be submitted for training which has been completed.