The New Part-Time Re-Employment Grant is a key initiative aimed at promoting part-time re-employment for older workers in Singapore. This program supports employers in offering part-time work arrangements to their senior employees, contributing to a smoother transition from full-time to part-time employment as these individuals approach retirement.
Features of the New Part-Time Re-Employment Grant:
- Continued Employment: The program encourages the continued employment of older workers, ensuring that their valuable experience and skills remain in the workforce.
- Work-Life Balance: Part-time employment offers a balance between work and personal life, allowing older workers to transition into retirement at their own pace.
- Flexible Arrangements: Employers can craft part-time work arrangements that suit the needs of both the organization and older employees.
- Financial Incentives: The grant provides financial incentives to employers who implement these part-time re-employment options.
- Employee Well-Being: By enabling seniors to continue working in a less demanding capacity, the program promotes overall well-being and financial stability among older workers.
Funding:
- $2,500 per headcount
- Maximum 50 Headcount – ($125k)
Eligibility Criteria:
- Registered or incorporated in Singapore with a valid Unique Entity Number (UEN) with Accounting and Corporate Regulatory Authority (ACRA)
- Provide part-time re-employment opportunities to eligible senior workers who request for it
- Adopt Tripartite Standard on Age-Friendly Workplace Practices
- Adopt Tripartite Standard on Flexible Work Arrangements (FWAs)
- Offer FWAs to employees as part of HR policy
- Implement SCP for mature and senior workers aged 60 and above as part of HR policy
- Send one senior management and one HR practitioner each to attend one session of a fully funded SCP workshop for senior management and HR practitioners respectively conducted by Singapore National Employers Federation (SNEF)
- MUST NOT receive the PTRG previously.
