HOW TO BE ELIGIBLE AS AN SME?
How does it work?
|Gross Fee of WSQ Identify and Analyse Textiles and Processes||S$1,370.00|
|(Less) SkillsFuture Singapore Funding of 70% of Gross Fee||- S$959|
|Nett Course Fee||S$411.00|
|(Add) 7% GST on Nett Course Fee||+ S$28.77|
|(Add) Application Fee for Singaporeans/PRs||+ S$12.85|
|Total Payable Fee by Company||S$452.62|
|Upon completion of the course, the company can log on to SkillsConnect to claim an additional 20% on the gross course fee of S$1,370, and claim absentee payroll:|
|*SSG Enhanced Funding for SME - Additional 20% of the Gross Course Fee||+ S$274.00|
|*Absentee Payroll - 80% of employee's hourly salary, capped at $7.50/hr, and then multiplied by the number of the course's duration hours (e.g. 34 hours)||+ S$255.00|
|NET GAIN BY COMPANY PER EMPLOYEE||S$89.23|
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