Updated: Nov 5, 2021
As Covid-19 continues to affect both businesses and employees alike, the Singapore Government has extended a series of initiatives to help promote recruitment efforts to create jobs, and at the same time, assist companies by making it more cost effective to recruit of new candidates.
Professional Conversion Programme
With this, the Professional Conversion Programme (PCP) is one such initiative that the Government has launched. The main idea is to extend a series of options on career conversion to mid-career PMETs (Professionals, Managers, Executives and Technicians), who might find their existing roles becoming increasingly competitive or obsolete. This programme will aid employees by making them undergo re-skilling and ultimately aim to ease them into new positions or sectors that have higher employability or better prospects for progression.
There are 3 models under the Programme:
Place-and-Train: PMETs are hired by a participating employer before undergoing training to take on a new job role;
Attach-and -Train: PMETs are provided with training and work attachments. This is done prior to any forms of job placement; and
Job Redesign (JR) Re-skilling: These target employers that are undergoing business transformation, with existing employees facing risk of redundancy during to the transformation phase. These workers will be provided with training to take on new job roles or redesigned job scopes within the same company.
Jobs Growth Initiative
The Jobs Growth Incentive (JGI) assist employers to expand local hiring from September 2020 to September 2021 (inclusive), so as to create long-term jobs for locals
The incentive will provide up to 25% and 12 months worth of salary support for each non-mature local candidate hired, and 50% and 18 months of salary support for each mature employee aged 40 and above, person with disability or ex-offender hired by employers. Employers must also have successfully increased their local workforce within the qualifying window.
Many employers would like to know if they can benefit from both programmes. In short, the answer is YES!
As the JGI will also apply to jobseekers undergoing reskilling through PCPs, employers can onboard new joiners under the PCP, and enjoy the benefits of JGI as well.
Do contact us email@example.com if you wish to find out more about the qualifying criteria, as well as how you can effectively make use of both initiatives!