Use Your $10,000 SFEC Before The Revamp: A Guide for Singaporean Businesses

by | Mar 11, 2025 | Blog

header image for skillsfuture enterprise credit with human elements

 

The SkillsFuture Enterprise Credit (SFEC) is a valuable initiative designed to help companies upskill their workforce and stay competitive.

With the recent Singapore Budget 2025 announcements, there’s even more support for businesses to transform and future-proof their workforce.

Here’s what you need to know:

Current SFEC Expiry

Revamped SFEC Model

  • A new SFEC model is planned for introduction in the second half of 2026, which will last for three years.
  • This new model will operate differently, using an online wallet system instead of the current reimbursement process.

Disclaimer: Please note that this date may be subject to change until the new revamped SFEC model is officially announced. We recommend staying updated through official channels like the SkillsFuture Singapore website or the Business Grants Portal.

Here’s a simple guide to help you understand the benefits, how to use it, and how @ASK Training can support your corporate training needs.

What is SkillsFuture Enterprise Credit (SFEC)?

SFEC is a funding scheme as an initiative by the Singapore government that provides eligible companies with a one-off $10,000 credit to offset out-of-pocket expenses for:

  • Supported programmes under SkillsFuture Singapore (SSG): This includes SSG-funded courses and training programmes.
  • Workforce transformation initiatives: These include job redesign, training, and upskilling efforts to enhance workforce capabilities.

This means your company can access high-quality training for your employees at a significantly reduced cost, helping you build a more skilled and future-ready workforce.

Key Benefits of SFEC for Companies

  • Cost Savings: Offset training expenses with the $10,000 credit, reducing financial strain on your company.
  • Enhanced Workforce Skills: Equip your employees with industry-relevant skills to boost productivity and innovation.
  • Future-Proof Your Business: Stay ahead of industry trends and challenges by investing in your team’s development.
  • Improved Employee Retention: Show your commitment to employee growth, which can increase job satisfaction and loyalty.

Who is Eligible for SFEC?

Your company is likely eligible for the SkillsFuture Enterprise Credit (SFEC) if you:

  • Employ at least 3 Singapore Citizens or Permanent Residents monthly.
  • Haven’t received SFEC before.
  • Are up-to-date on Skills Development Levy (SDL) payments and have an active ACRA status.
  • Contributed at least S$750 to the SDL over a specific period.

Eligible employers are notified directly and don’t need to apply. You can check your SFEC balance on the Business Grants Portal or SkillsFuture Singapore’s SFEC microsite.

How Can Companies Use SFEC?

1. Identify Training Needs

Assess your company’s skills gaps and determine which areas require upskilling or reskilling. Consider industry trends, technological advancements, and your business growth plans.

2. Choose SSG-Funded Courses

Only SSG-approved courses are eligible for SFEC funding. GoBusiness Singapore Course Directory is a valuable resource for discovering relevant courses.

3. Engage a Training Provider

Choose a training provider like @ASK Training that understands your business needs and can deliver impactful, tailored learning experiences.

4. Submit Claims

For supported programmes, submit your final claims to the respective agencies. For training courses, claims can only be submitted after completion. In most cases, SFEC will be automatically reimbursed to your corporate PayNow account upon completion.

Remember, all unused SFEC amounts will expire after this date.

What Courses Benefit Your Employees?

At @ASK Training, we offer a range of SSG-funded courses* that can be tailored to your corporate training needs.

*Important Note: The SkillsFuture Enterprise Credit (SFEC) is only applicable for @ASK Training’s range of WSQ (Workforce Skills Qualifications) courses.

Here are a few key courses we offer that can benefit your employees and help your business thrive:

Digital Marketing

In today’s digital-first world, employees with strong digital marketing skills are invaluable. Our full and individual WSQ Digital Marketing courses equip your team with the knowledge to create effective online campaigns, manage social media platforms, and analyse digital performance.

Here’s a closer look at what we offer:

1. Full Qualification Programmes

2. Popular Individual Courses

Upskill your team in these key areas of digital marketing, which are critical for modern businesses.

By investing in these courses, companies can:

  • Build a skilled in-house digital marketing team.
  • Improve online visibility, customer engagement, and lead generation.
  • Stay competitive in a rapidly evolving digital landscape.

Microsoft Excel & Microsoft 365

Proficiency in Microsoft Office tools is essential for productivity in any role. These tools are at the core of productivity, data management, and decision-making across industries.

Here’s a closer look at the courses:

1. WSQ Microsoft Excel Essentials

Introduces employees to the foundational skills of Microsoft Excel, including creating spreadsheets, formatting data, and basic formulas.

2. WSQ Microsoft Excel Intermediate

Building on the essentials, this course covers more advanced features such as data analysis, pivot tables, and conditional formatting.

3. WSQ Microsoft Excel Advanced

This advanced course dives into complex functions like macros, advanced formulas, and data visualisation tools.

4. WSQ Data Visualisation and Storytelling with Tableau

Empower your team to create compelling data stories with an interactive dashboard and visualisations with Tableau.

5. WSQ Data Visualisation and Storytelling with Power BI

Enable your team to unlock data insights and build impactful reports and visualisations with Power BI.

6. WSQ Microsoft 365 & Copilot for Data Management

This course focuses on utilising Microsoft 365 tools, including Excel, and introduces Copilot for AI-driven data management and analysis.

By upskilling your team with these courses, your company can:

  • Boost productivity by equipping employees with the skills to work smarter and faster.
  • Improve data accuracy and decision-making through advanced analysis and reporting.

Why Choose @ASK Training for These Courses?

Our contextualised corporate training ensures that these programmes are tailored to your industry, making them more relevant and impactful for your team.

Unlike generic courses, we focus on:

  • Tailored Content: Examples, case studies, and scenarios are directly relevant to your industry, making learning more engaging and applicable.
  • Real-World Focus: Training focuses on the specific challenges and opportunities your employees face daily, ensuring immediate impact on their work.
  • Improved Knowledge Retention: When learning is relevant and engaging, employees retain information more effectively.

How To Get Started

Step 1: Reach Out to Us

Contact us to discuss your company’s training needs. We’re here to listen and help you find the right solution.

Step 2: Plan Together

We’ll work with you to design a training programme that fits your industry and goals based on the courses you’ve chosen.

Step 3: Utilise SFEC

Use the SFEC to offset the costs of training. We’ll be here to guide you on how to make the most of this funding before it expires!

Let’s Work Together!

Your team’s skills are your company’s greatest asset. Let’s work together to cultivate those skills and build a future-ready workforce!

We understand that every organisation is unique, with specific training needs and goals. @ASK Training is here to be your ally and partner in addressing those needs!

Let’s make the most out of your SFEC!

Visit our Corporate Training page and schedule a consultation with us today!