Arlene Zi Lin Firza Glenda Shannon Felicia Sue-ean Humairah Sheree Yi Xin Yin Yi Tasha Nicholas Yao Yi Jia Hao Brandon Matthew Max Jun Xiang Jeremy John
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In response to the financial downturn, the Singapore government Manpower Ministry (MOM) has introduced a three-pronged approach to counter its effects.
They are helping businesses remain viable, saving jobs and helping the unemployed find work. This is done by using the Workfare Special Payment, Jobs Credit Scheme and the Skills Programme for Upgrading and Resilience (SPUR).
Workfare Special Payment is a one-off payment to provide additional assistance to older low wage workers during the current economic downturn. The amount is calculated based on the amount of work done in 2008 and 2009.
The Jobs Credit Scheme provides a significant incentive for businesses to retain existing workers, their business warrants and to employ new ones.
SPUR is a programme which brings together the full range of skills upgrading programmes delivered at the SPUR Training Providers with enhanced financial support that companies and workers can tap on during the current economic downturn. Its objectives are to cut costs, upgrade skills of workers and build capability for the Singapore economy to rebound back quickly from recession.