Article originally posted on Gov.sg.
Overcoming the Crisis
Find out how these support measures can help protect your livelihood through this challenging period and prepare you for new opportunities as the economy recovers.
Retain local jobs
- Jobs Support Scheme
- Employers to receive wage support of 25 - 75% offset for first $4,600 of monthly wages for all local workers up till August 2020 or a total of 10 months
- Firms that cannot resume on-site operations after 1 June will receive 75% offset until August 2020, or when they are allowed to re-open
- Higher wage support of 50 – 75% offset for more firms in badly affected sectors, 25% for other sectors
- 50,000 eligible Shareholder-Directors will also benefit
Find out more
Support for the financially impacted
- COVID-19 Support Grant
- Up to $800 a month for 3 months, under the COVID-19 Support Grant
- Up to $800 a month for 3 months with job and training support, for those who lost their jobs or are on involuntary no-pay leave
- Up to $500 a month for 3 months, for those with a 30% pay cut or more
- Additional $800m to help more Singaporeans
Creation of job and training opportunities
- SGUnited Jobs and Traineeships
- Over 40,000 new jobs
- 21,000 traineeships for first-time job seekers –Applications open on 1 June 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
- Hiring incentives for employers who hire retrained or reskilled local workers
- 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
Find out more
- SkillsFuture Credit top-up for training
- One-off $500 SkillsFuture Credit top-up for adult Singaporeans
- Additional $500 SkillsFuture Credit for 40-60 year olds
- Check out the available courses
- Get your career advice here
----------------------------------------------------------------------------------------------------------
Not sure whether your company can be qualified for bank loans or alternative lending? Try our A.I assisted loan, and Smart Towkay team will send you a lending report within 24 hours' time. With the lending report, we aggregate and recommend the highest chance of approval be it with BANKS / FINANCIAL INSTITUTIONS or Alternative lenders like Peer to Peer Lenders or even B2B lender!
Got a Question?
WhatsApp Us, Our Friendly Team will get back to you asap :)
Share with us your thoughts by leaving a comment below!
Stay updated with the latest business news and help one another become Smarter Towkays. Subscribe to our Newsletter now!
-Loan-Information-Report_940.png)
.jpeg)
