by Willie Tan | Mar 28, 2024 | Glossary
Temporary Employment Credit (TEC) is a government scheme in Singapore aimed at providing financial support to businesses to help offset the costs of hiring older Singaporean workers and re-employing eligible Singaporean workers aged 67 and above. Understanding the...
by Willie Tan | Mar 28, 2024 | Glossary
The Wage Credit Scheme (WCS) is a Singapore government programme that co-funds wage increases for eligible local employees. Under the scheme, the Government shares part of the cost when employers raise wages. As a result, WCS encourages sustainable wage growth while...
