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Two ways workers will gain from Jobs Credit: PM
Mon, Feb 09, 2009
The Straits Times

By Aaron Low

WORKERS will benefit from the Jobs Credit scheme in two ways and yesterday, Prime Minister Lee Hsien Loong highlighted them when he responded to its critics in Parliament.

One, it reduces the cost of a hiring a Singaporean by paying, on behalf of employers, part of the worker's contribution to his Central Provident Fund (CPF) savings, and two, it encourages companies to hire more Singaporeans.

In doing so, he said the scheme also deals specifically with an overriding worry of Singaporeans: whether they can keep their jobs in this downturn.

 


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