BUDGET 2023 – ENHANCE EMPLOYMENT SUPPORT
23/02/2023
BUDGET 2023 – ENHANCE EMPLOYMENT SUPPORT
- Enhance Progressive Wage Credit Scheme for lower-wage workers
- $2.4 billion top-up to the fund to maintain government’s co-sharing portion of eligible wage increases for low wage workers
- Enhance Enabling Employment Credit for persons with disabilities
- Support employers to hire persons with disabilities (PwDs)
- Enhanced wage offsets
- Longer duration for PwDs who have not been working for at least 6 months
- Introduce Uplifting Employment Credit for ex-offenders
- Time-limted wage offset to encourage businesses to employ ex-offenders
- Extend Senior Employment Credit for senior workers to 2025
- Continuation of wage offsets for businesses that employ senior workers
- Extend Part-Time Re-employment Grant to 2025
- Encourage businesses to offer part-time re-employment opportunities for seniors
- Grant of $2,500 per senior worker
Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
#cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023