What is the SkillsFuture Jobseeker Support Scheme and what change was proposed?

The SkillsFuture Jobseeker Support Scheme offers temporary support to eligible jobseekers while they reskill and search for work. MPs proposed raising the income cap from S$5,000 to S$7,600 during the Budget 2026 debate. If adopted, more mid-income workers could qualify, aiding faster job transitions and stabilising household finances during periods of unemployment.

How could a higher cap affect companies in Singapore?

A higher cap could expand the pool of supported candidates, improving hiring pipelines and reducing vacancy duration. Firms may face added HR and documentation work at first. Over time, quicker re-entry and targeted reskilling can cut onboarding churn, protect service quality, and support productivity, especially in customer-facing and project-driven operations.

What does advance retrenchment notice mean for investors?

Advance notice requirements add predictability to layoff processes. They can reduce sudden shocks to households and allow agencies to plan job-matching earlier. For companies, they increase compliance and communications needs. Investors should assess how longer lead times affect restructuring calendars, project delivery, and any provisions for severance or redeployment costs.

Which sectors in Singapore are most sensitive to these proposals?

Retail, food services, logistics, and healthcare are sensitive due to staffing intensity and scheduling needs. Technology and professional services may benefit from quicker redeployment of PMETs supported by SkillsFuture. Construction and developers should watch how any notice rules interact with sub-contracting and site staffing, which influence timelines and cash flow.

Law and Government

Singapore SkillsFuture JSS: MPs Push Higher Income Cap — February 27

ByDanny Kontos February 27, 2026February 27, 2026

SkillsFuture is back in focus as MPs urged the Government to lift the Jobseeker Support Scheme income cap from S$5,000 to S$7,600 during the Singapore Budget 2026 debate. They also called for advance retrenchment notice and stronger protections for contract workers. We explain how these proposals could change costs, hiring plans, and layoff processes. For investors, these policy shifts can shape margins and workforce stability in Singapore across 2026. The direction of SkillsFuture support will be a key signal for mid-career resilience.