Grant Overview
Understand how this grant can help you in your company’s digital transformation strategy
Unlock Government Funding to Grow Your Singapore Team
Hiring and retaining local talent just got more affordable for Singapore companies with the Jobs Growth Incentive (JGI). This grant provides generous wage support when expanding your local workforce.
Who is Eligible for the JGI Grant?
The JGI aims to help Singapore companies emerge stronger from COVID-19 by incentivising the hiring and retention of local employees.
To qualify, firms must:
- Be registered and operating in Singapore
- Have grown your resident workforce from Sep 2020 to Feb 2021
- Not have retrenched employees in past 5 months
- Offer new hires at least $1,400 monthly salary
- Apply during designated grant application period
- Submit required docs like business plans and workforce proofs
Both new entrants and existing companies across industries can benefit from JGI when expanding their Singaporean workforce.
Receive Up to 50% Wage Support from JGI
The JGI offers two attractive tiers of wage support:
Tier 1
- For hiring residents under 40 years old
- Receive 25% support on first $5K monthly wages
- For 12 months per new hire
Tier 2
- For hiring residents 40 and over or with disabilities
- Receive 50% support on first $5K monthly wages
- For 18 months per new hire
This co-funding of wages makes adding Singaporeans to your team more cost-effective.
2 Examples of How JGI Helps Companies Grow
Consider how JGI can support different firms:
Envision Technologies Pte Ltd - Launching new products
- Envision is a software firm launching new mobile apps
- Requires additional developers and designers to expand capabilities
- JGI wage support makes hiring Singaporeans more affordable
- Allows focus on product development instead of payroll costs
Future Manufacturing Ltd - Scaling production
- Future Manufacturing needs to expand production to meet demand
- Will hire Singaporeans as production operators, inspectors and coordinators
- JGI co-funding helps ramp up local workforce cost-effectively
- Enables scaling of manufacturing ops and output
JGI helps companies like Envision and Future Manufacturing follow through on business plans while expanding job opportunities for fellow citizens.
4 Tips for Creating a Successful JGI Application
Follow these tips when applying for JGI wage support:
1. Show how you grew your Singapore workforce - Provide clear figures and data.
2. Outline plans to hire more citizens - Share details like roles, qualifications and timelines.
3. Emphasise retention initiatives for existing staff - Show how you are retaining and upskilling current employees.
4. Submit detailed business plans - Demonstrate need and commitment to expand local workforce.
Thoroughly demonstrating your commitment and plans to hire Singaporeans will help secure approval.
Grow Your Team with Support from JGI
In summary, the Jobs Growth Incentive enables companies to execute expansion and growth plans while accessing generous wage support for adding Singaporeans to their organisations.
Meet with our team to explore how JGI could help you rebound strongly from COVID-19 and emerge fitter for the future. Simply book a discovery call through our website and we'll be in touch!
Outcomes and Impacts
The JGI offers two attractive tiers of wage support:
Tier 1
- For hiring residents under 40 years old
- Receive 25% support on first $5K monthly wages
- For 12 months per new hire
Tier 2
- For hiring residents 40 and over or with disabilities
- Receive 50% support on first $5K monthly wages
- For 18 months per new hire
