39% Of Workers Retrenched During Jan to Mar 2020 Found Jobs By Jun 2020

By
Sarah Lee
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While our social media stratosphere is filled with negative news for 2020, there’re still many feel-good ones which make us go:

Image: Tenor

Like heroic cat rescue operations:

A teenager lending a helping hand in times of need:

And the effort someone made to make sure the bus captain who was abused cheer up:

Feeling sufficiently happy?

There’s more where this is coming from.

39 per cent of retrenched workers secured a job by June

The Ministry of Manpower (MOM) conducted a survey on 2,160 respondents who were retrenched in Q1 of 2020 during June this year.

The survey respondents include both Singaporeans and permanent residents.

Survey results showed that 39 per cent of this group of respondents secured a job by June 2020.

This is of a lower percentage as compared to 47 per cent of the same period last year.

Seven in 10 of them also secured employment within a month.

Out of those respondents who found employment by Q2, 60 per cent did not take a pay cut of more than five per cent.

“Despite the weakness in the employment market, the majority who found jobs did so relatively quickly with modest impact to salary,” said MOM.

About 53 per cent of the group of retrenched workers who found employment has also switched to a different industry.

As for the professions and age group of the retrenched workers who landed a role, they are more likely consist of the professionals, managers, executives and technicians (PMETs), and those in their 30s and 40s.

Jobs Growth Incentive Scheme

In order to further boost the employment rate, the government recently rolled out a scheme called, ‘Jobs Growth Incentive Scheme (JGI)’.

This is on top of an existing scheme which was launched in February 2020, called the ‘Job Support Scheme’.

$1.3 billion was pumped in for this scheme.  The aim was to help companies retain their employees during these trying times.

The $1 billion JGI scheme was launched in August 2020 to help boost hiring, including growth sectors such as biomedical sciences, financial services and ICT sectors.

This scheme allows companies to receive government subsidies of up to 50 per cent for their employees’ salaries for one year if they increase their company’s headcount over the next six months.

Rendering assistance to the tourism sector

As for the vastly impacted tourism and hospitality sector, various schemes such as, ‘Job Redesign Reskilling Programme’ for the hotel industry, and ‘Digital Marketing Reskilling Programme’ for Meetings, Incentives, Conferences and Exhibitions (MICE), Attractions and Tour and Travel sectors were rolled out.

These programmes have been implemented since February 2020.

Till date, these programmes have helped more than 1,400 workers of 100 over hotels and tourism companies to be retrained and redeployed.

In addition, 28,000 training places have been filled for the Enhanced Training Support Package to reskill and upskill employees in the tourism sector.

Government-Initiated Schemes and Programmes

The government has rolled out various schemes to assist those in need. For those who would like to find out the type of funding they are eligible for, check out: https://www.supportgowhere.gov.sg/.

Image: Support Go Where

This site houses all the financial schemes available. For faster access, use the Eligibility Checker and the system will advise on the suitable schemes you can apply for.

If you are currently on a job hunt, the SGUnited Jobs and Skills programme might be of help.

Opportunities such as traineeships, attachments programmes are available to help you land your next job.

There’s always a silver lining amidst the dark clouds, we just need to keep a lookout for it.

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Sarah Lee
Email: [email protected]