Enable Group | Feb 27, 2021
HR What Now ● 3 min read
Singapore’s latest budget speech was delivered on 16th February 2021 by Finance minister, Heng Swee Keat in parliament, an array of funds were announced to put together a framework to build resilience and prepare for the life post-pandemic.
Measures are taken to include a 6 months extension on the jobs support scheme, salaries for specific sectors and job growth incentives.
Here are the key excerpts of how the budget will support HR aspects for Companies.
There will be an extension of 6 months for the Jobs Support Scheme (JSS) to support businesses that were particularly hit hard due to the pandemic situation, such as; aviation, aerospace and tourism these industries are considered Tier 1 sectors for the scheme where else sectors such as; retail, arts & culture, food services and the built environment are considered Tier 2 sectors.
Some other industries in Tier 3B are Biomedical, Precision Engineering, Financial Services, Electronics etc. For full list please read here
On top of the JSS package, the Government will also extend specific schemes under the SGUnited Jobs and Skills Package. An additional S$5.4bn will be allocated to a second tranche of this Package.
Through this extensions, the Government targets to support the hiring of 200,000 locals this year and up to 35,000 traineeship and training opportunities.
Apart from the above, the Government will be enhancing the salaries of nurses and other healthcare workers, who have been at the frontline of fighting the COVID-19 pandemic. This will apply to workers across the various healthcare institutions, including public healthcare institutions, publicly-funded community hospitals, and long-term care service providers.
For sectors that predominantly requires foreign workers in their work force, several schemes will be in place and extended:
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Established in 2013, enable Consulting is a specialised HR solutions provider for small and medium-sized enterprises.
We believe that having a strong and robust HR function is a key driver for continuous growth in any successful business. It is on this belief that we have built many successful partnerships with clients across different industries.
We are a people business and it is our talent pool that defines us. Each and every one of our consultants is highly professional with many years of experience in HR management and services.
Our Consultants are PMC certified to further be able to help local SMEs improve and optimise their HR operational efficiency through Singapore Grants. enable is about offering affordable, high value adding solutions to improve business performance; while at the same time nurturing and inspiring a fair and respectful working environment. But above all, enable is about enabling you.
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