Higher employer incentives launched under new flexi work scheme
Get up to $120,000 worth of grants.
The Ministry of Manpower is ramping up its efforts to encourage older locals to get back to work, with more incentives in store for companies who will adopt the government’s Work-Life Program.
Senior Minister of State for Health and Manpower Dr. Amy Khor announced on Wednesday that the government will now provide employers with a $10,000 incentive to pilot flexible work arrangements (FWAs).
There are also more financial incentives available for employers who adopt the scheme, such as a grant of $40,000 a year if 30% of their workers use FWAs, and grants of up to $120,000 in total for employers who sustain FWAs for up to three years.
Here’s more from Dr. Khor’s speech:
In a tight labour market, we must see how we can encourage more locals to come back to work. And for those who are already working, we must see how we can improve workplace flexibility to help them better meet work responsibilities and personal needs, so that they can remain in the workforce. Hence, we will continue to give strong support to employers to implement work-life strategies such as flexible work arrangements (FWAs).
We will provide employers with a $10,000 incentive to pilot new FWAs, and an additional $10,000 to support them in implementing the FWAs company-wide. With the enhancement, employers can receive a total funding of $40,000 for implementing FWAs, including the reimbursement of expenses incurred during the pilot and company-wide implementation.
We hope that this will motivate more employers to come on board, and foster more flexible and work-life friendly workplaces to benefit their workers and businesses.
Currently, employers can receive up to $40,000 a year if they have 30% of their workers using FWAs. Under the revised Work-Life Grant, there will also be a cash incentive of up to $25,000 a year for employers who have 20% of workers benefitting from FWAs.