Employment Promotion Subsidy: Who Qualifies and What You Get
Learn how employers can receive wage subsidies for hiring vulnerable groups through this employment support scheme.
The Employment Promotion Subsidy is a program designed to help businesses manage costs when they hire people from specific vulnerable groups.
Who it's for
This scheme is intended for employers who are hiring individuals from designated vulnerable groups into their workforce.
What you get
If you qualify, you can receive wage subsidies. This financial support is designed to help offset the cost of employing these individuals.
What it costs you
There is no direct fee to apply, but you will need to manage the necessary paperwork regarding your new employees' hiring contracts.
The catch to know
You must follow strict reporting requirements. The government requires regular updates and documentation to ensure you are meeting the program's criteria.
How to apply
- Confirm that your business and the new hires meet the eligibility criteria for vulnerable groups.
- Prepare the required hiring contracts and employment documentation.
- Submit your application and follow the ongoing reporting schedule required by the authorities.
- Check the official government portal for specific submission instructions.