The Jobs Growth Incentive (JGI) supports hiring plans by providing salary support to eligible companies and employees. During this period, your new employee maybe eligible for the 25% salary support for those under 40, or 50% for those above 40 years old (refer to point 3 in infographics).
The JGI scheme is eligible for all employers who have made timely mandatory CPF contributions and achieved the increases in their local workforce between September 2020 and February 2021 (inclusive), compared to the August 2020 local workforce. 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
Employers must have been established on or before 16 August to be eligible.
[Just announced by Deputy Prime Minister Heng in his Budget 2021 speech on 16 February. The JGI has been extended to 30 September 2021]
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 2020 to January 2022.
On top of the JGI, companies can also claim up to 45% Salary Support for 18 months when eligible new hires recruited between 1 Sep 2020 and 28 Feb 2021(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!
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