Companies can get co-funding up to 75 per per cent of the first $4.600 of gross monthly wages for local employees (Singapore Citizens and Permanent Residents).
The jobs support scheme, launched by Inland revenue authority of Singapore, will provide wage support for nine months to employers to help them to retain their local employees.
With a few exceptions, all employers who have made contributions to the central provident fund for their resident employees, will qualify for the pay-out.
More information on the Inland revenue authority website
