ASEAN KEY DESTINATIONS
Singapore SMEs to get help
With just over a year left before the law kicks in, there is little time to lose. SMEs employ more than half the workforce in Singapore but many are ill-prepared.
The concern among officials of the Association of Small and Medium Enterprises (Asme) and the Singapore National Employers Federation (SNEF) is that a sizeable number of companies may be caught out when the new Retirement and Re-employment Act comes into effect.
Those convicted of re-employment offences can face fines and jail terms.
To help its 6,000 members understand the urgent need for action, Asme will mount a year-long campaign from next month to educate them on re-employment issues through quarterly seminars. It will also study how it can better help members with re-employment practices.
Said Asme president Lawrence Leow: "With a year left, we believe it's time for us to launch a concerted effort next year."
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