19/03/2022
For business owners in Hong Kong, the government has announced Employment Support Scheme 2022 yesterday. Stay tuned for more details to be announced by the government.
ESS returns! The Government will re-introduce the Employment Support Scheme (ESS) to lay the foundation for speedy economic recovery. Drawing on past experience, ESS 2022 will be more targeted, focusing on enterprises affected by the fifth wave, especially SMEs. The total funding amount is estimated to be $26 to $31 billion. As many as 1.3 million employees will benefit. Employers will have to use all subsidies on employees. The Government will consult chambers of commerce, trade unions and the Legislative Council to iron out the details.
Key features:
✅ Covering salary for May to July 2022
✅ For employees on monthly salary less than $30,000
✅ Subsidising $8,000 per person per month
✅ Capping no. of employees per enterprise to be subsidised
✅ Excluding supermarkets, property management, financial institutions etc.
Please stay tuned for more details, or check out the Chief Executive’s remarks today (in Chinese only): https://www.info.gov.hk/gia/general/202203/18/P2022031800417.htm