Covid-19 support measures: DPM Heng announces S$1b programme to subsidise salaries of new local hires for a year

Submitted by socpro on Tue, 10/13/2020 - 16:07
measures summary

The Jobs Growth Incentive will support firms when they hire local employees over the next six months, by subsidising the salaries of all these new local hires for one year, subject to a cap.

For new local hires aged above 40, the Government will co-pay up to half of their salaries. For younger local hires, the subsidy will be up to 25 per cent of the salaries, subject to a cap.

Measure date
Regions / Country