[Just announced on 24th September 2021: The JGI has been extended to March 2022]
The Jobs Growth Incentive (JGI) supports hiring plans by providing salary support to eligible employers and employees. To be eligible for phase 3, employers must be established on or before 23 September 2021.
For the new Phase 3, new local hired (Singaporean Citizens and Singapore Permanent Residents) from October 2021 to March 2022 may be eligible for the 15% salary support for those under 40, or 50% for those 40 years old and above, PwDs or ex-offenders.
Conditions Employers Must Meet
In JGI phase 3, all employers who have made timely mandatory CPF contributions and achieved the increases in their local workforce between October 2021 and March 2022 (inclusive), compared to the September 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 up to 6 or 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.
Salary Support under Jobs Growth Incentive Phase 3
In JGI Phase 3, the amount of salary support is:
(i) 15% of the first $5,000 of gross monthly wages for non-mature local hires and,
(ii) 50% of the first $6,000 of gross monthly wages for mature local hires aged 40 and above, PwDs and ex-offenders.
For Phase 3 (from October 2021 to March 2022), the salary support:
(i) for each non-mature local hire will be for up to 6 months from the month of hire, and
(ii) up to 12 months for mature, PwDs or ex-offender local hires.
Similar to phase 1 and phase 2, employers are encouraged to retain their existing local employees as far as possible, otherwise the JGI payout will be adjusted.
ADDITIONAL SUPPORT ON TOP OF JGI
On top of the JGI, companies can also claim up to 45% Salary Support when eligible new hires recruited between 1 March 2021 and 30 March 2022(inclusive) are placed in SCALA’s WSG Career 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 Career Conversion programmes, visit: https://www.scala.com.sg/wsg-pcp-singapore or call us at 6417-2475
How is the Payout Calculated?
Employers are encouraged to visit IRAS website for the full and updated information, including payout period and payout amount for Jobs Growth Incentive.