Singapore firms get S$1 bil incentive to hire more locals

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To qualify, companies need to increase the number of local employees over the next six months. FMTNews LocalJobs Singapore

SINGAPORE: Singapore will set aside an extra S$1 billion to boost the domestic workforce in a further move to protect local jobs amid the pandemic recovery, the manpower ministry said on its website.

The government will pay 25% of the first S$5,000 of these under-40 employees’ monthly salaries for a year and 50% for those over that age, it said.

 

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