TWO new measures to help local workers get jobs and stay employed will cost the Government $100 million over two years.
One will give companies a grant of up to $400,000 to hire and hang on to trained workers.
This programme is called Spur-Jobs, which is an add-on to the existing Skills Programme for Upgrading and Resilience (Spur) that subsidises the training of local workers, including permanent residents.
It will cost is about $50 million. The other measure will cost $50 million too and is under Spur as well.
It is for the programme that allows employers to claim from the Government a substantial part of a worker's salary when he goes for training.
This is the absentee payroll scheme and it has been enhanced to let employers claim a bigger amount from May 15.
Both new measures were announced at a May Day rally on Friday by Prime Minister Lee Hsien Loong and on Sunday, the Ministry of Manpower (MOM) released details of the changes.
Elaborating on them last night, Manpower Minister Gan Kim Yong said the money would come from the $650 million allotted to Spur last December.
If necessary, he will ask the Finance Ministry for extra funds, Mr Gan told reporters ahead of a community event.
In its statement, MOM said that for Spur-Jobs, a company can also claim a grant of up to $3,000 to offset the cost of hiring and training each worker.
- The Straits Times
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