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.

November 15, 2024
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