Most employees in HRS Security Services will now qualify for the cost-sharing initiative.
“Under the previous PWCS scheme, the majority of the security officers, making up about 70 per cent, would not have qualified,” said Mr Singh.
“But right now, with the new enhancement, we now have this group that is covered over the next couple of years, and we will therefore be able to better manage our business costs.”
The company said that the enhanced measure will help it cut costs, and some of the savings may also be passed on to its customers or go towards training programmes.
“The security sector right now is going through a major push for the use of technology,” said Mr Singh.
“So we need subsidies, or whatever savings that we can have can then be channelled to train our security officers (and) our workers to better use technology to enhance their productivity, and that will overall lead to better outcomes.”