Firms to get up to S$30,000 for each new worker if they hire more locals in next 6 months
New scheme aims to help firms bring forward their hiring plans, grow their local workforce
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FIRMS which hire more locals in the next six months stand to get up to S$15,000 for each worker under 40 years old, and up to S$30,000 for each aged 40 and up.
A joint statement by the Ministry of Manpower and the Inland Revenue Authority of Singapore on Friday said that the payouts, to be made over 12 months from March 2021, will come from a S$1 billion fund under the Jobs Growth Incentive (JGI) scheme.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
