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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

Published Fri, Sep 4, 2020 · 09:50 PM

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.