Around 4,500 workers will receive an average wage increase of 5 percent above their annual increment as part of the NTUC Company Training Committee (CTC) Grant scheme.
The workers are among 6,000 employees, including professionals, managers, executives and rank-and-file staff, across about 260 companies with CTC grants who could benefit from a wage increase or structured career pathways through the Career Development Plan (CDP).
The CTC Grant allows companies undergoing transformation to raise their productivity, redesign jobs or improve staff prospects by co-funding up to 70 percent of the qualifying costs, said the National Trades Union Congress (NTUC) on Nov 6.
Companies can opt to use funding from the grant to cover in-house and external training, consultancy services or equipment-related training.
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