A rising tide lifts all boats

Building a resilient workforce and emerging stronger post COVID-19

As businesses continue to fight unprecedented risk and challenges ushered in by COVID-19, the Singapore Government is leaving no stone unturned to support its people and businesses when it comes to helping them manage their:

  • Immediate needs which takes preserving cash flow, retaining employees and managing manpower mobility into consideration
  • Medium to long term goals which include having developing an upskilled and agile workforce, enhancing business adaptability and sustainability, and effectively managing manpower mobility

Our publication summaries the key reliefs and enhanced support extended by the Government that businesses may tap on. These measures coupled with the Government’s existing support initiatives can potentially form the pillars of a medium to longer-term manpower strategy for your organisation.

a rising tide lifts all boats

At a glance: Singapore’s stimulus packages to fight COVID-19 

Immediate needs


Government Initiatives:

What is it?

What does it mean
for employers?

What is the qualifying period?

Extended Jobs Support Scheme

An extended scheme intended to protect jobs of local workers by covering the salary of workers paid up to March 2021.

The percentage of wage support is based on the projected recovery of the different sectors.

Short term cash support with intent to allow employers to retain jobs.

Extended support for wages up to March 2021 resulting in a total of six payouts in April, May, July, October 2020, March 2021 and June 2021

Jobs Growth Incentive

To incentivise companies in growing areas to create new jobs for locals with a special focus on the mature workers.

Co-payment of salaries for new local hires for one year up to 25%, subject to a cap. Companies that hire workers aged 40 and above, the co-payment will be up to 50%.

Over the next six months

Access financing for Singapore enterprises

Financing schemes and programmes to alleviate cash flow needs of enterprises.

Business can tap on enhanced financing support and loan programmes to meet their business needs at various stages of growth.

Until March 2021

SafeTravel

Special travel arrangements with some countries to facilitate essential business and official travel while safeguarding public health.

Singapore and China (6 regions) has in place a Fast Lane arrangement. There’s also arrangements with Malaysia for cross-border travellers and Japan (to be implemented).

On-going

Middle - Long term goals


Government Initiatives:

What is it?

What does it mean
for employers?

What is the qualifying period?

Work-life Grant (WLG)

Flexible Work Arrangement (FWA) Incentive, and Job Sharing Incentive.

Aid employers in sustaining remote working practices, and encourage long-term digitalisation and agility in the workforce in the long term.

On-going

Additional Wage Credit Scheme

Government co-funding of wage increases.

Government will help to co-fund increases in gross monthly wage for a Singaporean employee in 2020. The co-funding ratios will be raised.The qualifying gross wage ceiling is also raised to $5,000.

On-going

Workfare Training Support Scheme Helping older lower-wage workers upgrade their skills through training. From July 2020, this will be replaced with the Workfare Skills Support (WSS) Scheme. Creates a workforce that is relevant and fit for future needs through upskilling. On-going

Advanced Digital Solutions


Help enterprises deepen their digital capabilities to strengthen BCP and build resilience. Enterprise Singapore will provide up to 80% funding support for enterprise to adopt advanced digital solutions.

Aids and encourages businesses to develop long-term digital solutions and remain sustainable and relevant.

On-going

Key support schemes to help mitigate financial impact 

Here's a look at some of Singapore Government's key support schemes aimed at mitigating the financial impact of the crisis on local businesses. Learn about their qualifying criterias in our full publication.

Jobs Support Scheme (JSS)

The Jobs Support Scheme has been further extended to protect jobs of local workers by covering the salary of workers paid up to March 2021. The percentage of wage support is based on the projected recovery of the different sectors.

Additional Wage Credit Scheme

The Government will help to co-fund increases in gross monthly wage of at least S$50 given to a Singaporean employee in 2020. The co-funding ratios for wage increases in 2019 and 2020 will be raised to 20% and 15% respectively. The qualifying gross wage ceiling is also raised to $5,000 for both years.

Work-life Grant (WLG)

WLG comprises of two components: Flexible Work Arrangement (FWA) Incentive, and Job Sharing Incentive. In essence, the incentives should be used to nurture and further workplace cultures including remote working that support better work-life harmony and put in place job-sharing and FWA measures that prevent further spread of COVID-19.

Where to focus next

Where to focus your efforts on next?

In assessing how to best utilise the Government's initiatives in your organisation, next consider:

  1. Building an enduring workforce with skills relevant to the new world
  2. Reviewing employment policies and structures
  3. Creating employee experience and boosting your brand

Contact us

Rani Sakaya Johns

Partner, PwC Global Mobility Services - Asia, PwC Singapore

Tel: +65 9088 8347

Irin Ou

Senior Manager, PwC Singapore

Tel: +65 8125 9083

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