Globalization Partners to Credit Singapore Payroll Funds to Clients
Funds are a result of Singapore Jobs Support Scheme (JSS) to help enterprises retain employees during this period of economic uncertainty
Globalization Partners, which enables companies to hire and retain global team members without setting up complex international legal infrastructures, announced it will issue a payroll credit to clients who have team members on the Globalization Partners’ payroll in Singapore. The payouts are a result of the Singapore government’s wage reimbursement of qualified employees through the Singapore Jobs Support Scheme (JSS) during the COVID-19 pandemic.
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The Singapore government’s support has been initiated to reduce employer wage costs and help companies retain workers in Singapore. The funding covers a portion of 9 months of gross monthly wages from October 2019 to July 2020 (excluding Jan 2020) for employees that are citizens and permanent residents of Singapore. The funds will be paid out in three installments, in April, July and October of 2020. The funds will in turn be reimbursed to Globalization Partners’ clients.
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“As the COVID-19 pandemic continues to disrupt the economy, our first priority is to support our clients and the people we employ on their behalf,” said Nicole Sahin, CEO of Globalization Partners. “This government support was intended to help companies that employ people in Singapore, and we want to ensure that those funds are directed where intended – to our clients. We are thrilled to be able to provide this additional support during this unprecedented time and hope the goodwill extended by the Singapore government does indeed help our clients retain their local staff.”
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