SUPPORT FOR EMPLOYERS

We understand  your business challenges as employers; as you strive to save jobs for your workers, let Young NTUC support you during this  difficult period.

Check out the available resources from Government Budget 2020 and NTUC's support schemes to help you mitigate these challenges. 

 From Government Budget 2020 

Financial Assistance
  • Jobs Support Scheme (JSS) extended 1 more month to cover wages in August 2020 

  • For firms that cannot resume operations immediately after the circuit breaker, the Government will continue to provide wage support at 75%  on the first $4,600 of gross monthly wages per local employee in all sectors until August 2020, or when they are allowed to re-open (whichever is earlier)

  • Increased support for some affected sectors (eg. aerospace sector, retail, marine and offshore) - an increase from the previous 25% to either 50% or 75%

  • Raised the Government co-funding levels for 2019 and 2020 qualifying wage increases to 20% and 15% respectively under the Wage Credit Scheme 

TRAINING SUPPORT 
  • Extended the enhanced training support, comprising higher course fee subsidies and absentee payroll support, to more sectors and till end-2020 

  • Extend funding period for reskilling to six months for the tourism, aviation, retail and food services sectors under the Adapt and Grow initiative, specifically through redeployment programme

   FROM NTUC

  • Work with NTUC and the unions to set up Company Training Committee to drive companies’ transformation

  • Partner NTUC LearningHub to curate or customise workers’ training

TAX RELIEF
  • Automatic deferment of income tax payments for companies for 3 months

  • 100% Property Tax Rebate for commercial properties (hotels, serviced apartments, tourism attractions, shops and restaurants) badly affected by COVID-19 in 2020

  • 60% rebate for the Integrated Resorts

  • 30% Property Tax Rebate for other non-residential properties(offices and industrial properties) affected by COVID-19 in 2020

Rental Waiver
  • Additional rental waivers for commercial and other non-residential tenants of government properties (5 months rental waiver for stallholders in hawker centres managed by NEA or NEA-appointed operators; 4 months commercial; 2 months industrial, office & commercial) 

  • Rental reliefs for SMEs expanded (2 months rental waiver for eligible commercial tenants; 1 month rental waiver for eligible SME tenants of industrial and office properties) 

LOAN SUPPORT 
  • $20 billion loan capital

  • Freeze all Government fees and charges till 31 Mar 2021

  • Maximum $10 million loan quantum under the Enterprise Financing Scheme (EFS) – Trade Loan 

  • Up to 80% subsidies for loan insurance premiums

  • Up to $1 million EFS – SME Working Capital Loan 

  • Maximum $5 million Temporary Bridging Loan Programme (TBLP) for all sectors 

  • Defer capital payment for 1 year on the EFS – Working Capital Loan and TBLP loans ​

  • 80% LIS insurance premium for one year, from 1 Apr 2020 to 31 Mar 2021 

  • Higher Enterprise Development Grant support of 90% till end 2020, and increase maximum support to 90% on a case-by-case basis. Eligible unionised companies can qualify for additional 10% funding 

  • 80% maximum support under Productivity Solutions. Grant till end 2020 

  • $200 one-time grant for businesses registered on the nationwide e-invoicing network 

  • Doubled matching ratio under STEER to $1 for every $2 (from $1 for every $4) 

OTHER ASSISTANCE
  • Enhance the SMEs Go Digital Programme to provide support for more digital solutions, from basic remote working tools, to more advanced systems 

  • A bonus of $300 per month over 5 months will encourage the adoption of e-payments by stallholders in hawker centres, wet markets, coffee shops and industrial canteens

  • Starting with food services and retail sectors, a payout of up to $5,000 will help businesses digitalise, with PayNow Corporate, e-invoicing, business process or e-commerce solutions. There will be an additional payout of $5,000 for businesses that use advanced solutions.

 From NTUC (Employment & Employability Institute (e2i) 

NTUC JOb SECURITY COUNCIL
  • NTUC Job Security Council (JSC), an initiative of the National Trades Union Congress, was announced in February 2020. NTUC’s e2i (Employment and Employability Institute) is the ecosystem manager, to gather information on job vacancies and jobs that are phasing out in advance and move upstream to provide help to companies and workers. 

  • As an eco-system manager, e2i will have collective information on releasing and hiring jobs and is better able to job-match workers more efficiently.

  • Companies on JSC can be part of the community to access industry insights, cross share and learn best practices and cultivate strategic networks amongst JSC partners.

  • If your company would like to participate in this initiative, please click download resources

JOB PLACEMENT PROGRAMME
  • The Job Placement Programme (JPP)  provides salary support to companies who hire local job-seekers registered with e2i to embark on a new job and undergo training. All businesses/societies/associations registered in Singapore and carrying out businesses/activities in Singapore may apply for JPP. 

  • Receive salary support of up to 70% monthly salary, capped at $2000 per month per employee for up to 3 months if you hire a job seeker who is < 6 months unemployed prior to JPP

  • If your company would like to participate in this programme, please click to download resources

Career Support programme
  • The Career Support Programme (CSP) is a salary support programme offered by Workforce Singapore (WSG) and the Employment and Employability Institute (e2i) to encourage employers to hire eligible Singapore Citizen Professionals, Managers, Executives and Technicians (PMETs). 

  • Receive up to $42,000 salary support for hiring eligible Singapore Citizens

  • If your company would like to participate in this programme, please click to download resources. 

 SG UNITED INITIATIVE 

sguNITED traineeship programme
  • The SGUnited Traineeships programme aims to provide up to 21,000 traineeships for local first-time job seekers;  lasting up to 12 months to those who have recently graduated or will soon be graduating in 2019 and 2020.

  • This will help them develop industry-relevant skills, notwithstanding the current economic climate, and boost their employability in preparation for the eventual recovery. 

  • By participating in the SGUnited Traineeships Programme, host companies can gain access to a pool of fresh graduates and be able to recruit experienced trainees when hiring picks up.

  • The Programme will commence from 1 June 2020 onwards. Prior to the programme commencement, companies interested to be host companies for traineeships under the programme, can fill up this Interest Form.

  • SBF will get in touch with companies on the application process, including submission of detailed Traineeship Descriptions and Development Plans. 

  • A new SGUnited Mid-Career Traineeships scheme will be created to provide 4,000 traineeships for mid-career job seekers. 

 OTHER ASSISTANCE 

INCENTIVES FOR HIRING LOCAL WORKERS
  • There will be hiring incentive for employers which hire local workers who have completed eligible traineeship and training programmes. This will be expanded to cover workers of all ages.

  • For eligible workers under the age of 40, the incentive will be 20% of the monthly salary for 6 months, capped at $6,000 in total. 

The above-mentioned is a snapshot of some of the help available. Eligibility criteria and terms & conditions apply. (June 2020)

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