Jobs Growth Incentive (JGI): Who Qualifies and What You Get

The Jobs Growth Incentive (JGI) is a government scheme designed to provide salary support to employers who hire eligible local workers to grow their business operations.

👤Who it's for

This incentive is specifically designed for employers looking to expand their workforce by hiring eligible local workers. To qualify, your business must be hiring individuals who meet the specific local employment criteria set by the authorities.

🎁What you get

The primary benefit of this scheme is salary support for your new local hires. This financial assistance is intended to help offset the costs of increasing your headcount, making it more sustainable for businesses to bring on additional local staff to support their growth.

💰What it costs you

While there is no direct cost to apply for the scheme, your eligibility depends on the specific characteristics of your new employees. You must ensure that every new hire you bring on board meets the necessary age and wage criteria required by the scheme. Managing these details is a key part of making sure your business receives the support it is entitled to.

⚠️The catch to know

One important detail to remember is that the incentive is not something you manually claim through a traditional application process. Instead, the incentive is paid out automatically based on your Central Provident Fund (CPF) records. Because the payouts rely on these records, it is vital that your employee documentation and contributions are kept perfectly up to date.

📝How to apply

1. Review the specific age and wage requirements for new local hires.
2. Hire local workers that meet these specific eligibility criteria.
3. Ensure all CPF contributions and records are accurately maintained for your new staff.
4. Monitor your business accounts for automatic payouts based on those records.
5. Visit the official portal at https://www.iras.gov.sg for more details.