<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=705389681562533&amp;ev=PageView&amp;noscript=1">
whatsappChat

Extension of Job Growth Incentive scheme

On 21 June 2022, the Ministry of Manpower announced a further extension for the Jobs Growth Incentive (JGI) Scheme for an additional six months, till March 2023. The scheme aims to provide support to employers to hire mature job seekers who have not been working for at least six months, and persons with disabilities and ex-offenders.

The extension was announced by the Deputy Prime Minister and Finance Minister Lawrence Wong during a press conference as part of an S$1.5 billion support package aimed at providing “immediate and targeted relief” for the lower income and vulnerable groups in Singapore, by supporting local firms in this time of challenging global growth and inflationary environment.

Extension of Qualifying Period from September 2022 to March 2023

Phase 1
  • Qualifying Period - New local employees hired from September 2020 to February 2021
  • Non-mature hires - Wage support of up to 25% of the first $5,000 for 12 months
  • Mature, PWDs, ex-offenders hires - Wage support of up to 50% of the first $5,000 for gross monthly wages paid in September 2020 from 2021. For gross monthly wages paid from March 2021 onwards, there will be a wage support of up to 50% of the first $6,000, totalling 18 months of wage support
Phase 2
  • Qualifying Period-New local employees hired from March 2021 to September 2021
  • Non-mature hires-Wage support of up to 25% of the first $5,000 for 12 months
  • Mature, PwDs, ex-offenders hires - Wage support of up to 50% of the first $6,000 for 18 months
Phase 3
  • Qualifying Period - New local employees hired from October 2021 to March 2022
  • Non-mature hires - Wage support of up to 15% of the first $5,000 for 6 months
  • Mature, PwDs, ex-offenders hires - Wage support of up to 50% of the first $6,000 for 12 months
Phase 4
  • Qualifying Period - New local employees hired from April 2022 to September 2022
  • Non-mature hires - Not applicable
  • Mature, PwDs, ex-offenders hires-Wage support of up to 40% of first $6,000 for the first 6 months and up to 20% of first $6,000 for next 6 months

Applicable only to mature hires not in work for at least six months, PwDs and ex-offenders

Extension of Qualifying Period from September 2022 to March 2023

Additionally, two other schemes announced were the Progressive Wage Credit Scheme and a new Energy Efficiency Grant aimed at helping businesses cope with rising costs and co-funding investments in more energy-efficient equipment respectively.

The Progressive Wage Credit Scheme will see an increase from 50 per cent to 75 per cent for resident employees with gross monthly wages up to S$2500. For wages above S$2500 and up to S$3000, co-funding will raised raised from 30 per cent to 45 per cent.

The new Energy Efficiency Grant will provide local small-to-medium sized enterprises (SMEs) in the food services, food manufacturing and retail sectors with up to 70 per cent support capped at $30,000 per company to adopt energy efficient equipment in pre-approved categories.

For more information, please refer to IRAS’s website: https://www.iras.gov.sg/schemes/disbursement-schemes/jobs-growth-incentive

Related Insights

Navigating the Transition from MEPS to DDA with PayrollServe

Recruitment Strategies to Attract and Retain Talent

Streamline Your Business Operations with Payroll Outsourcing

Navigating Flexible Work Arrangements: A Guide to Inclusive ...

Can Dependant Pass (DP) holders work in Singapore? A guide t...

Understanding the COMPASS framework

Benefits of employee engagement

PayrollServe now in Malaysia

Problems of running payroll manually

[Malaysia] Tax rate changes 2021

Payroll Processing Cycle Step 2 - Information Cut-off

Amendments to the retirement and re-employment bill 2021

Payroll processing cycle - step 4 & 5: generate payroll ...

Wage Definition

Cloud Payroll Solutions: 3 key concerns for SMEs

6 non-negotiable terms HR must comply

Making the HR outsourcing decision

Benefits of payroll outsourcing for growing businesses

Cloud computing

Payroll processing cycle overview

Enhancements in marriage & parenthood package

Announcement: Change of direct debit deduction date

[Malaysia] Statutory rate for employee’s EPF share of contri...

Five reasons why companies outsource their payroll

PayrollServe and Mercer announce strategic partnership to su...

Hong Kong's Employment Ordinance 2021

Information Security Assurance for Financial Institutions th...

News Medisave and CPF Contribution Rates

Job Growth Incentives scheme

Changes in EP and S pass salary criteria

RSM Stone Forest partners French Fintech firm Jenji to push ...

News Latest Statutory Updates Sept 2011 02

516 million dollars in CPF arrears recovered by the CPF boar...

Stiffer penalties for Non-Compliance among Employment Act am...

New scheme for companies to hire more S pass and work permit...

What you need to know about the existing Tech.Pass

Top 4 payroll trends followed by small businesses

Tapping into HR technology for greater productivity and cost...

What is SaaS payroll?

4 key things you must know about payroll operations in Malay...

Common HR pitfalls of small firms

Statutory Update of Work Pass (Effective 1 Sept 2022)

How is payroll outsourcing important to your business?

Payroll processing cycle step 3 - process payroll

Essential payroll compliance in Malaysia and its possible co...

MOM’s tightening of work pass requirements - what does this ...

Extension of the enhanced JSS support

HRM essentials for small, growing firms

Announcement: Extension of JSS for selected sectors, and S P...

Why outsourcing HR and payroll is a smart choice for busines...

CPF submissions using hardcopy forms for e-registered employ...

Is your business compliant with the General Data Protection ...

Adjustments for enhanced JSS From 27 September 2021 to 24 Oc...

Foreign worker levy waiver and rebate extended for construct...

Payroll processing cycle - step 1: collecting information

Building a more inclusive and unbiased workforce

International Businesses can hire foreigners with these Work...

Work Pass required for dependants seeking work

[Malaysia] Statutory updates on new amendments to the first ...

Update on progressive wage model for retail workers

What is human resource & payroll administration?

Payrollserve’s Appointment as Approved HR Service Provider O...

PayrollServe is now abs OSPAR-Certified to serve Financial I...

Singapore Budget - Jobs Credit Scheme

Payroll processing cycle - step 6: processing salary credit ...

Benefits of Effective Human Resource Management (HRM)

Key changes to Employment Act (with effect from 1 April 2019...

How SMEs may cope with increasing complexity in payroll proc...

Extension of Jobs Growth Incentive (JGI) scheme to March 202...

Statutory updates under Malaysia Budget 2022

MOM announces points based assessment framework for EP candi...

[Malaysia] PayrollServe Malaysia latest statutory developmen...

Budget 2020 – HR & payroll-centric updates

S pass salary criteria (with effect from 1 January 2019)

Strategic importance of Human Resource management to busines...

Why should companies outsource payroll activities?

Contract of Service

PayDay! SaaS vs manual payroll calculation

Submission of employment income for YA 2023 via AIS Applicat...

New progression wage model for waste management workers

Navigating the Transition from MEPS to DDA with PayrollServe

Recruitment Strategies to Attract and Retain Talent

Streamline Your Business Operations with Payroll Outsourcing

Navigating Flexible Work Arrangements: A Guide to Inclusive ...

Can Dependant Pass (DP) holders work in Singapore? A guide t...

Understanding the COMPASS framework

Benefits of employee engagement

PayrollServe now in Malaysia

Problems of running payroll manually

[Malaysia] Tax rate changes 2021

Payroll Processing Cycle Step 2 - Information Cut-off

Amendments to the retirement and re-employment bill 2021

Payroll processing cycle - step 4 & 5: generate payroll ...

Wage Definition

Cloud Payroll Solutions: 3 key concerns for SMEs

6 non-negotiable terms HR must comply

Making the HR outsourcing decision

Benefits of payroll outsourcing for growing businesses

Cloud computing

Payroll processing cycle overview

Enhancements in marriage & parenthood package

Announcement: Change of direct debit deduction date

[Malaysia] Statutory rate for employee’s EPF share of contri...

Five reasons why companies outsource their payroll

PayrollServe and Mercer announce strategic partnership to su...

Hong Kong's Employment Ordinance 2021

Information Security Assurance for Financial Institutions th...

News Medisave and CPF Contribution Rates

Job Growth Incentives scheme

Changes in EP and S pass salary criteria

RSM Stone Forest partners French Fintech firm Jenji to push ...

News Latest Statutory Updates Sept 2011 02

516 million dollars in CPF arrears recovered by the CPF boar...

Stiffer penalties for Non-Compliance among Employment Act am...

New scheme for companies to hire more S pass and work permit...

What you need to know about the existing Tech.Pass

Top 4 payroll trends followed by small businesses

Tapping into HR technology for greater productivity and cost...

What is SaaS payroll?

4 key things you must know about payroll operations in Malay...

Common HR pitfalls of small firms

Statutory Update of Work Pass (Effective 1 Sept 2022)

How is payroll outsourcing important to your business?

Payroll processing cycle step 3 - process payroll

Essential payroll compliance in Malaysia and its possible co...

MOM’s tightening of work pass requirements - what does this ...

Extension of the enhanced JSS support

HRM essentials for small, growing firms

Announcement: Extension of JSS for selected sectors, and S P...

Why outsourcing HR and payroll is a smart choice for busines...

CPF submissions using hardcopy forms for e-registered employ...

Is your business compliant with the General Data Protection ...

Adjustments for enhanced JSS From 27 September 2021 to 24 Oc...

Foreign worker levy waiver and rebate extended for construct...

Payroll processing cycle - step 1: collecting information

Building a more inclusive and unbiased workforce

International Businesses can hire foreigners with these Work...

Work Pass required for dependants seeking work

[Malaysia] Statutory updates on new amendments to the first ...

Update on progressive wage model for retail workers

What is human resource & payroll administration?

Payrollserve’s Appointment as Approved HR Service Provider O...

PayrollServe is now abs OSPAR-Certified to serve Financial I...

Singapore Budget - Jobs Credit Scheme

Payroll processing cycle - step 6: processing salary credit ...

Benefits of Effective Human Resource Management (HRM)

Key changes to Employment Act (with effect from 1 April 2019...

How SMEs may cope with increasing complexity in payroll proc...

Extension of Jobs Growth Incentive (JGI) scheme to March 202...

Statutory updates under Malaysia Budget 2022

MOM announces points based assessment framework for EP candi...

[Malaysia] PayrollServe Malaysia latest statutory developmen...

Budget 2020 – HR & payroll-centric updates

S pass salary criteria (with effect from 1 January 2019)

Strategic importance of Human Resource management to busines...

Why should companies outsource payroll activities?

Contract of Service

PayDay! SaaS vs manual payroll calculation

Submission of employment income for YA 2023 via AIS Applicat...

New progression wage model for waste management workers