General Information
The Applicant must not receive subsidy from the FAST previously. The Applicant must comply with or carry out the responsibilities stated in the Guide or all relevant laws.
Eligibility
Applicant who already received subsidy from the FAST previously or the Applicant who did not comply with or carry out the responsibilities stated in the Guide or all relevant laws are not eligible to apply.
Position and Employee
The position being subsidised under the Scheme should be a new job role that did not exist under the previous company structure. Applicant will be required to submit an organisational chart to indicate that the position being applied for is indeed a new one.
A full-time job placement is, for a calendar month, a job placement employing an employee for at least 30 hours of service per week as indicated or inferred in the employment contract.
Coverage of Subsidy and Disbursement Arrangements
After application approval, the first instalment will be disbursed around six weeks.
Subsequently, upon receipt of all required documents for the second, third and fourth instalments, the respective instalments will be disbursed around six weeks.
The subsidy will be paid in full towards the actual lump sum monthly remuneration for the new job and should not, in whole or in part, be retained by the applicant company for whatever reason.