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Singapore launches $16M program to subsidize local executives for overseas business postings.
Workforce Singapore has launched a $16 million scheme to sponsor local executives for overseas postings, aiding companies in expanding globally.
The Overseas Markets Immersion Programme subsidizes up to 70% of employees' salaries and overseas allowances for at least six months.
Companies can receive up to $72,000 per employee for postings, with no cap on participants per firm.
The program aims to build a competitive workforce and help businesses expand internationally.
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Singapur lanza un programa de $16M para subvencionar a ejecutivos locales para puestos de negocios en el extranjero.