To accelerate Human Capital development in support of Singapore’s future growth, the Ministry of Manpower (MOM) and Workforce Singapore (WSG) are piloting the Capability Transfer Programme (CTP) with Human Capital Partners and other progressive companies.
This initiative will complement existing capability development programmes administered by other government agencies and plug funding gaps, to reach out to a wider base of companies in more sectors and to support companies in taking larger strides towards acquiring capability in new domains currently unavailable in Singapore.
The CTP aims to improve local-foreign workforce complementarity, by facilitating transfer of capabilities from foreign specialists to locals with the objectives of encouraging:
(a) a culture of pervasive capabilities transfer across all sectors and entities; and
(b) companies/associations/professional bodies to develop and acquire new capabilities in Singapore by ensuring that there is sufficient supply of Singaporeans with the requisite skillsets.
All project proposals will be evaluated on a case-by-case basis, taking into consideration:
(a) our existing local capability gaps; and
(b) the potential impact of the transfer of capabilities to individual companies and the industry as a whole.
Funding support for CTP can include salary and training support for foreign and local specialists, as well as Singaporean trainees on overseas attachments to acquire new capabilities. In the case of industry-wide projects, funding for equipment cost may also be considered on a case-by-case basis.
Support levels will be determined by WSG on co-funding basis to ensure that companies, associations or professional bodies involved in the projects remain committed in their efforts to drive capability transfer at the company or industry level.