[Just announced: The JGI has been extended to September 2022]
The Jobs Growth Incentive (JGI) supports hiring plans by providing salary support to eligible companies and employees. During this period, your new local employee (Singaporean Citizens and Singapore Permanent Residents) may be eligible for the 25% salary support for those under 40, or 50% for those above 40 years old.
In phase 2 of the JGI scheme, all employers who have made timely mandatory CPF contributions and achieved the increases in their local workforce between March 2021 and September 2021 (inclusive), compared to the February 2021 local workforce will be eligible for the salary support. The two key conditions are:
- Condition 1 – Increase in overall local workforce; AND
- Condition 2 – Increase in local employees earning gross wages of at least $1,400 per month
In order to receive the JGI in full for the 12 months from the month of hire for each new local hire, the employer must have qualified for JGI during the eligibility period. Employers also have to continually meet the eligibility criteria for the entire payout period, i.e. September 2021 to January 2022.
Jobs Growth Incentive Phase 3 Update
For Phase 3 from October 2021 to March 2022, the salary support for each non-mature local hire will be for up to 6 months for non-mature local hires and 12 months for mature, PwD or ex-offender local hires.
Here are more information about the changes in Phase 3 of the Jobs Growth Incentive (JGI Extension).
Additional Salary Support on Top of JGI
On top of the JGI, companies can also claim up to 45% Salary Support for 18 months when eligible new hires recruited between 1 March 2021 and 30 March 2022(incl.) are placed in SCALA’s WSG Profession Conversion Programmes for Logistics & Supply Chain.
If your new employee qualifies, that is a grand total of 95% salary support available for your company(Subjected to respective caps in JGI and PCP).
To learn how you to register your new hires in the Professional Conversion programmes, visit: https://www.scala.com.sg/wsg-pcp-singapore or call us at 6417-2475
Infographic Source: IRAS. (For public information and education only.)