Saving jobs and livelihoods
Retain local jobs
- Employers to receive wage support of 10% - 50% offset for first $4,600 of monthly wage for all local workers, up till March 2021
- Support based on projected recovery of the different sectors
Extension of Jobs Support Scheme
Support for wages
- Over $450 million enhanced Wage Credit Scheme payouts to more than 95,000 employers, supporting pay increases for more than 800,000 Singaporean employees
Support for the financially impacted
- Up to $700 a month for three months, for lower- to middle-income employees and self-employed persons (SEPs) who are financially impacted by COVID-19
- Applications open from 18 January 2021
COVID-19 Recovery Grant
- Up to $800 a month with job and training support, for those who lost their jobs, are on involuntary no-pay leave, or experienced a 30% pay cut or more
- Unemployed applicants must demonstrate job searching or training efforts to qualify
COVID-19 Support Grant (Applications have ended in December 2020)
- $3,000 for low-wage workers
- For Singaporeans who received Workfare Income Supplement for work done in 2019 and 2020
Workfare Special Payment (Applications have ended in December 2020)
Support for jobs and training
- $1 billion programme to support firms that will increase headcount of local workers from September 2020 to February 2021
- For each new local hire, employers will receive wage subsidy for 12 months
- Up to 25% wage subsidy for new hires below 40 years old, and
- Up to 50% for those aged 40 and above, both subject to cap
- Over 123,000 opportunities made available
- 21,000 traineeships for first-time job seekers (applications for SGUnited Traineeships have ended in December 2020)
- 4,000 traineeships for unemployed mid-career job seekers
- Training allowance of $1,200 per month (for course duration) for 30,000 job seekers under the SGUnited Skills programme
- SGUnited Jobs and Skills Centres
- 24 satellite career centres islandwide
- Career Ambassadors to provide tips and advice on job search
- 20% of monthly salary support for 6 months, capped at $6,000 in total, when hiring workers under aged 40
- 40% of monthly salary support for 6 months, capped at $12,000 in total, when hiring workers aged 40 and above
Jobs Growth Incentive
SGUnited Jobs and Traineeships
Hiring incentive for employers who hire local workers who had gone through reskilling or training programmes
- One-off $500 SkillsFuture Credit top-up for adult Singaporeans as at 31 December 2020
- Can be used on all SkillsFuture Credit-eligible courses
- This will expire on 31 December 2025
- Additional $500 SkillsFuture Credit (Mid-Career Support) for 40–60 year olds
- Check out the available courses
- Get your career advice here
- Training subsidies for training of workers during downtime, with higher course fee subsidies for workers in the worst hit sectors
SkillsFuture Credit top-up for training
Enhanced Training Support Package
Stay updated on Budget 2021 at the Singapore Budget website
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