What Is it?
Enhanced Hiring Incentive
The Hiring Incentive was introduced as part of the SkillsFuture Mid-Career Support Package (SMCSP) in the February 2020 Unity Budget, for employers who hire local workers aged 40 and above through eligible reskilling programmes. For each eligible worker hired, the employer would receive 20% salary support for six months, capped at $6,000 in total. Eligible reskilling programmes were the Professional Conversion Programmes (PCPs), Place-and-Train (PnT) programmes for rank-and-file workers, and career transition programmes by Continuing Education and Training (CET) centres.
Given the impact of COVID-19, the Hiring Incentive will be enhanced to cover local workers of all ages, with increased support for those aged 40 and above. The list of eligible reskilling and training programmes will be expanded and the enhanced Hiring Incentive will be applicable to any hire from eligible reskilling programmes from 27 May onwards.
A summary of the enhancements to the Hiring Incentive is in Table 1.
Table 1: Enhancements to the Hiring Incentive
|Hiring Incentive under SMCSP (February 2020 Unity Budget)||Enhanced Hiring Incentive (May 2020 Fortitude Budget)|
• Employers that hire a local worker aged 40 and above who had gone through an eligible reskilling programme can receive salary support of 20% for six months, capped at $6,000 in total.
• Employers that hire a local worker aged 40 and above who had gone through an eligible reskilling programme or training programme can receive salary support of 40% for six months, capped at $12,000 in total.
Eligible reskilling programmes
Eligible reskilling or training programmes
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