The Skills Redevelopment Programme (SRP) is a national funding incentive programme which allows a company to claim the salary of their employee while he or she is attending any Work Development Authority Accredited Work Skills Qualifications (WSQ) and NSRS (spell out) courses during working hours, subjected to the rates displayed below. Employers can apply for both the Skills Development Fund and the SRP at the same time for their workers.
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Employees Aged 40 & Above With 'A' Levels Qualifications & Below
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Other Employees
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Absentee payroll
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90% of hourly basic salary
(capped at $10 per trainee-hour)
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80% of hourly basic salary
(capped at $10 per trainee-hour)
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Mandatory top-up by EMPLOYER for training conducted OUTSIDE working hours*
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10% of hourly basic salary
(capped at $2.50 per trainee-hour)
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20% of hourly basic salary
(capped at $2.50 per trainee-hour)
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* Funding rates are subject to change. No absentee payroll funding for on-the-job training. Please refer to WDA's site for the latest update on funding matters. |
