2814356
Description
Mind Map by xavierlee96, updated more than 1 year ago
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Created by xavierlee96
over 9 years ago
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Training Budget &
Government Initiatives
- Training Buget
- It is a primarily a financial plan that sets forth the
resources necessary to meet the pre-set training goals
- It is the investments the
organisation placed in the
training program.
- Important to ensure that the
amount of resources placed
is worth it
- Important to ensure that the
amount of resources placed
is worth it
- It is the investments the
organisation placed in the
training program.
- Categories of Budgeting
- Salaries
- Staff Development
- Outside Vendors
- Consultants
- Furniture & Equipments
- Occupancy
- Marketing
- Communications
- Supplies
- Travel
- Entertainment, F&B
- Salaries
- Elements of a Good training budget
- Being Comprehensive
- Budget for the actual
training needs in the
business
- Prioritise training needs
- Use e-materials to
maximise training
budget
- Being Comprehensive
- It is a primarily a financial plan that sets forth the
resources necessary to meet the pre-set training goals
- Government Initiatives
- Singapore Workforce Development Agency
aims to help workers advance in their
careers and lives by developing and
strengthening skills-based training
- Available Grants
- Enterprise Training
Support Grant
- Raise employees’
productivity and skills level
- Attract and retain valued employees
through development of good HR and
management systems/practices tied to
training
- Who can qualify?
- All organisations, companies, societies
and non-profit organisations registered or
incorporated in Singapore are eligible to
apply for the scheme.
- Organisations who have tapped on government
assistance schemes in the past, for similar
funding components, may not qualify for some
specific grant components.
- Types of Grants
- Training Grant up to $200,000 per organisation
- Capability Grant – One-time of $20,000 per organisation
- Curriculum Contextualization and Alignment Grant – Up to $52,000 per organisaion
- HR Development Grant – Up to $60,000 per organisation
- Compensation and Benefits System Review Grant – Up to $15,000 per organisation
- Training Grant up to $200,000 per organisation
- All organisations, companies, societies
and non-profit organisations registered or
incorporated in Singapore are eligible to
apply for the scheme.
- Raise employees’
productivity and skills level
- Workfare Training
Support Scheme
- Enterprise Training
Support Grant
- Singapore Workforce Development Agency
aims to help workers advance in their
careers and lives by developing and
strengthening skills-based training
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