NTUC CTC Grant

Unlocking Growth in Singapore: Your Guide to e2i's CTC Grants

Running a business in Singapore is no easy feat.  It takes grit, determination, and a constant drive to innovate.  We understand the challenges – the need to stay competitive, to upskill your workforce, and to embrace new technologies, all while keeping an eye on the bottom line.

That's why we want to introduce you to a valuable resource that can help: e2i's Company Training Committees (CTCs) and their associated grants. Think of them as a potential catalyst for growth, providing the means to transform your workforce, adopt cutting-edge technology, and ultimately, boost your business.

Partnering for Growth: Understanding e2i

e2i is a collaborative effort between the National Trades Union Congress (NTUC), the Singapore National Employers Federation (SNEF), and the Singapore Labour Foundation (SLF).  Their core mission is to empower businesses and their employees to thrive in Singapore's dynamic economy.

How e2i Can Support Your Business

e2i provides a comprehensive suite of services, including recruitment support, training programs, and job redesign initiatives aimed at increasing productivity. But one of the most impactful offerings is their CTC grants.

Partnering with e2i can yield several significant benefits for your business:

1. Enhanced Recruitment Efforts: e2i provides access to a wide range of recruitment services, including job fairs, candidate matching, and career conversion programs. These services can help you attract and retain top talent, ensuring your workforce is equipped to meet the challenges of a dynamic economy.   
2. Workforce Transformation: Through initiatives like CTCs, e2i can help you transform your workforce through training, job redesign, and the implementation of new technologies. This can lead to increased productivity, improved employee satisfaction, and a more competitive business.   
3. Financial Support: e2i offers access to various grants, including the NTUC CTC Grant, which can provide significant financial assistance for transformation projects. This can help you achieve your business goals faster and with less financial burden. 
4. Strategic Guidance: e2i can provide guidance and support in developing a comprehensive business strategy and roadmap for growth. This can help you make informed decisions about your future direction and ensure your business is well-positioned for success.   
5. Access to a Network of Experts: e2i has a team of experts who can provide support and guidance on a wide range of topics, from technology adoption to job redesign. This can help you navigate the challenges of transformation and ensure your project is successful.

Worth a shot looking through it.

The Power of CTC Grants

These grants offer a remarkable opportunity for businesses. They can cover up to 70% of qualifying project costs, including investments in new equipment, software, and consultancy services.  Furthermore, they can support training initiatives designed to upskill your team.

But the real power of these grants lies in their potential to transform your business. Here are just a few examples of what businesses have achieved with CTC grants:

• Improved Productivity: By investing in new technologies and processes, businesses can streamline operations, reduce costs, and improve efficiency. This can lead to significant gains in productivity and profitability.   
• Enhanced Innovation: CTC grants can support the development and implementation of new products, services, and business models. This can help businesses stay ahead of the competition and capture new market opportunities.
• Increased Employee Engagement: Investing in employee training and development can boost morale, improve job satisfaction, and increase retention rates. This can lead to a more engaged and productive workforce.   
• Sustainable Growth: By transforming their operations and workforce, businesses can position themselves for sustainable growth and long-term success. CTC grants can provide the financial and strategic support needed to achieve these goals.   
• Strengthened Core Capabilities: CTC grants can help businesses enhance their core capabilities in areas such as business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

Improved Productivity

Imagine your business running like a well-oiled machine. By investing in new technologies and processes through CTC grants, you can:

• Streamline Operations:  Smooth out workflows, eliminate redundancies, and optimize processes for maximum efficiency.   
• Reduce Costs:  Identify and eliminate unnecessary expenses, automate tasks to reduce labor costs, and leverage technology to lower operational overheads.   
• Improve Efficiency: Increase output per unit of input, optimize resource allocation, and enhance the overall efficiency of your business operations.   

The result? Significant gains in productivity, leading to increased output, improved profitability, and a stronger competitive edge.   

Enhanced Innovation

Don't just keep up – leap ahead. CTC grants can fuel innovation by supporting:

• New Product Development:  Bring fresh, innovative products to market and expand your offerings to meet evolving customer needs.
• Service Enhancement:  Elevate your service quality, introduce new service models, and exceed customer expectations.
• Business Model Innovation: Explore and implement new business models to adapt to market changes, create new revenue streams, and drive future growth.

By fostering a culture of innovation, you can stay ahead of the competition, capture new market opportunities, and ensure the long-term viability of your business.

Increased Employee Engagement

Happy employees are productive employees. Investing in your team through CTC grants can:

• Boost Morale: Show your employees that you value their contributions and are invested in their professional development.   
• Improve Job Satisfaction: Provide opportunities for upskilling and career advancement, leading to greater job satisfaction and fulfillment.
• Increase Retention Rates: Reduce turnover, retain valuable talent, and build a loyal, dedicated workforce.

A more engaged workforce translates to increased productivity, higher quality output, and a stronger sense of shared purpose.   

Sustainable Growth

Build a business that lasts. By transforming your operations and workforce, you can:

• Adapt to Change:  Become more agile and responsive to market dynamics, economic fluctuations, and industry disruptions.
• Enhance Resilience: Build a robust and resilient business capable of weathering challenges and capitalizing on opportunities.
• Drive Long-Term Success: Lay the foundation for sustained growth, profitability, and market leadership.

CTC grants provide the financial and strategic support needed to achieve sustainable growth and secure your business's future.

Strengthened Core Capabilities

Think of your business as a house. CTC grants can strengthen its foundations by enhancing core capabilities in key areas:

• Business Strategy Development: Develop a clear and actionable business strategy to guide decision-making and drive growth.   
• Financial Management: Optimize financial performance, manage resources effectively, and ensure financial stability.   
• Human Capital Development: Attract, develop, and retain a high-performing workforce equipped with the skills needed for success.   
• Service Excellence: Deliver exceptional customer experiences, build strong customer relationships, and foster loyalty.   
• Strategic Brand and Marketing Development: Build a strong brand identity, develop effective marketing strategies, and expand market reach.   

By strengthening these core capabilities, you create a solid foundation for your business to thrive in any environment.

Accessing CTC Grants

The eligibility criteria are straightforward: establish a CTC and ensure your business is legally registered in Singapore.  The focus of your project should be on transforming your business operations and improving outcomes for your employees – a true win-win scenario.

How to Apply for the CTC Grant: A Step-by-Step Guide

Ready to transform your business and empower your workforce with the CTC Grant? Here's a clear breakdown of the application process:

Step 1: Form a Company Training Committee (CTC)   

• Unionized Companies: Visit trainandtransform.ntuc.org.sg for detailed information on forming a CTC.   
• Non-Unionized Companies: Reach out to e2i at e2i.sg/ctcenquiries to connect with an e2i officer who will guide you through the process.   

Step 2: Develop Your Transformation and Training Plan   

• Outline your proposed transformation initiatives and how they will enhance your business capabilities and lead to better worker outcomes.   
• Detail any training programs that will be tied to the transformation project, specifying the skills and knowledge employees will gain.   
• Demonstrate how your plan will lead to at least one of the following worker outcomes:
  • Wage increase   
  • Recurrent Skills Allowance or One-time Allowance   
  • Implemented Career Development Plan (CDP)   
   

Step 3: Validate Your Plan   

• Discuss your plan with your CTC senior management representative and NTUC/Worker representative to gain their endorsement.   
• Engage e2i to review your project application before submission and receive valuable feedback.   

Step 4: Submit Your Application   

• Submit your application through the e2i Grant Portal.   
• Ensure you include all necessary documentation, such as your transformation and training plan, endorsement letters, and any supporting materials.   

Step 5: Implement Your Project and Claim Your Grant   

• After receiving approval, implement your project according to the agreed-upon timeline and deliverables.   
• Once you have achieved the committed outcomes, submit your claim via the e2i Grant Portal within 4 weeks from the End Date specified in your Letter of Award (LOA).   

Need Help?

If you have any questions or require assistance at any stage of the application process, don't hesitate to contact e2i or reach out to us at Devhaus.

We're here to support you on your journey to business transformation and workforce empowerment.

Realizing Success with CTC Grants

Numerous businesses have harnessed the power of these grants to achieve significant improvements. From automating processes and enhancing working conditions to providing employees with well-deserved raises, the impact of CTC grants is undeniable. Watch the video below to look through some amazing success stories.

Devhaus: Your Partner in Navigating CTC Grants

At Devhaus, we are experts in MarTech and digital transformation. We can guide you in crafting a robust business strategy, implementing the right technologies, and training your team for success.  Consider us your dedicated partner in navigating the CTC grant landscape, helping you maximize this opportunity for growth.

View our engagement deck below for a better understanding of our engagement models and services

Ready to take your business to the next level?

Reach out to us today, and let's explore how we can help you unlock growth through e2i's CTC grants.

• Transform Your Business with the CTC Grant: 
  This grant empowers you to make significant changes, leading to a more competitive and future-ready business.

• Key Areas of Support Available:
  Funding can be used for a variety of purposes, including technology adoption, job redesign, and training programs, all designed to improve business capabilities and worker outcomes.

• Simple Steps to Apply:
  The application process is straightforward. Start by forming a CTC, develop a transformation plan, and submit your application through the e2i Grant Portal.