1.6 trillion won was invested in job security and re-employment… 500,000 jobs were released directly in the first quarter

Input 2020.12.29 11:30

The government invests a total of 1.6 trillion won to maintain the employment of workers and support the re-employment of the unemployed. In addition, the budget will be executed early in January next year so that more than 500,000 people will be hired for senior jobs.

On the 29th, governments such as the Ministry of Strategy and Finance and the Financial Services Commission announced’customized damage support measures in response to the third corona spread’. The government has decided to preemptively respond to the deterioration of employment due to the prolonged Corona 19 and to execute the related budget early in the first quarter of next year. The government predicts that 10.2 million people will benefit from this employment security and unemployed support policies.

The government decided to execute 700 billion won out of 1.4 trillion won in the related budget in the first quarter to prepare for the rapid increase in applications for support for the maintenance of employment for paid leave. A total of 400,000 people are expected to benefit from this. The government’s paid leave employment maintenance support is a system in which the government provides up to 90% of the leave allowance equivalent to 70% of the basic salary. When the year changes, the payment period is renewed, so you can receive subsidies next year.

In the case of workers in collective restricted/prohibited industries, the ratio of the employment maintenance subsidy support rate will be increased to 90% for a limited period of 3 months. For workers whose unpaid leave support period (6 months) has ended, the unpaid leave support is extended by 500,000 won per month for 3 months. When they participate in vocational training, they can receive a training allowance of 300,000 won per month.

If labor and management agree to reduce wages to maintain employment, the’labor-management agreement employment maintenance subsidy’ system, which provides partial support for the reduction, is extended by one year. The employment stabilization agreement support project is a project in which the government provides partial support for wage reductions to workplaces where labor and management have agreed to maintain employment and reduce wages.

Of the 1,040,000 direct jobs supplied to the underprivileged, including young people, the elderly, and the disabled, half of the total, 500,000 jobs will be released in January. There are 433,000 jobs for the elderly, 30,000 jobs tailored to the elderly, and 17,000 jobs for local-led youth. The government is planning to announce the recruitment of business operators during this month.

In order to support employment, the job search promotion allowance is paid to 100,000 low-income families and 50,000 youths for 6 months each month. For young people, employment package programs such as employment equivalents and placements are also provided. For those in their 30s to 40s, customized vocational training and regional job programs are provided for job change and reemployment. Vocational training expenses are paid to them at a monthly rate of 300,000 won and a living expenses loan of up to 20 million won is provided during the training period.

Newly supported life stability fund loans are provided to special employment workers and freelancers who do not subscribe to industrial accident insurance. A budget of 100 billion won will be invested to improve the treatment and work conditions of workers in essential fields of maintaining social functions such as health and medical care, caring, parcel delivery and delivery, and environmental beautification.

In order to revitalize child care in the home, support for indirect labor expenses, such as reduction of working hours and telecommuting, will be expanded. Employers who have shortened working hours will provide additional support for indirect labor expenses of 200,000 won in addition to 270,000 won per month for wage reduction. Workplaces implementing the flexible work system provide 360,000 won per month for indirect labor costs.

For households (44,000 people) who use all care services, such as double-income, single-parent, and disabled parents, the self-pay for service use is reduced from 4915 won per hour to 3116 won per hour. Kindergarten and elementary school emergency care programs will be operated from March to ease the burden of care for parents due to the expansion of remote classes.