01/11/2024
A public-private taskforce in Singapore that is advocating for increased flexibility in grants related to foreign workers. This taskforce, which includes members from various sectors, is urging the government to enhance the existing grant schemes to better support businesses in managing their foreign workforce.
Key points highlighted in the article include:
✅ Need for Flexibility: The taskforce emphasizes that current grant structures may not adequately address the dynamic needs of businesses, particularly in sectors heavily reliant on foreign labor.
✅ Support for Businesses: Enhanced grants could provide critical financial support, enabling companies to adapt to changing market conditions and workforce requirements.
✅ Collaboration: The initiative reflects a collaborative approach between the public and private sectors aimed at fostering a more conducive environment for businesses while ensuring compliance with labor regulations.
This initiative aims to better support businesses in adapting to changing market needs and ensuring compliance with labor regulations.
ENHANCED grants and more flexibility in the handling of foreign workers are among 27 recommendations in a report launched on Friday (Nov 1) by the public-private Alliance for Action (AfA) on Business Competitiveness. Read more at The Business Times.