SINGAPORE – Around 4,500 workers will receive an average wage increase of 5 per cent above their annual increment as part of the NTUC Company Training Committee (CTC) Grant scheme.
The workers are among 6,000 employees, including professionals, managers, executives and rank-and-file staff, across about 260 companies with CTC Grants who could benefit from a wage increase or structured career pathways through the Career Development Plan (CDP).
The CTC Grant allows companies undergoing transformation to raise their productivity, redesign jobs or improve staff prospects by co-funding up to 70 per cent of the qualifying costs, said the National Trades Union Congress (NTUC) on Nov 6.
Companies can opt to use funding from the grant to cover in-house and external training, consultancy services or equipment-related training.
The labour union has established more than 2,700 CTCs since the scheme’s inception in 2019, surpassing its target of 2,500 by 2025.
“Three in four will have better wages with improved productivity and the others can look forward to better work prospects,” said NTUC secretary-general Ng Chee Meng during a visit to Raffles Hotel Singapore.
Companies can qualify for the grant by committing to providing workers with a recurrent – or a one-time – skills allowance to recognise their upskilling efforts.
NTUC did not state a quantum for the allowance but said the amount and frequency will be on a case-to-case basis and in fitting with the type of project.
Companies were previously required to commit to providing a wage increase or implementing a CDP for their employees.
Firms with workers whose job roles will be transformed can commit to providing staff with a recurrent skills allowance.
Take a customer service associate who needs to learn new technology to improve his productivity. As this requires training to upskill himself to the redesigned