July 3, 2018

Grants

To help your business improve HR processes, Enterprise Singapore has allocated government grants and appointed a pool of HR service providers to offer companies shared access to HR systems and services, including advisory services. With this, companies can outsource their HR functions and adopt HR solutions to maximise internal resources and the government grants support.

Potential Benefits

By outsourcing operational HR activities such as payroll processing and employee data administration, companies  can focus on core business functions and strategic HR roles such as talent attraction and development, and look forward to savings in costs and resources.

Companies can select up to 3 areas of work for outsourcing. These areas cover

(1) Basic HR Operations,

(2) HR Advisory and

(3) Shared HR Information Systems.

Supportable Activities & Qualifying Cost

Businesses can receive government grants funding support of up to 70% of qualifying costs, including a one-time set up cost and monthly subscription cost capped at 12 months. Participating companies must commit to the subscription of these services for a minimum period of 12 months.

The following will be supported under the one-time set up cost:

  • Needs analysis
  • Enhancement of existing HR policies
  • Data migration from existing process/system to HR Information System

The following activities can be supported under the government grants monthly subscription cost:

  • Engaging appointed HR service providers to manage each of the pre-scoped areas of work covered under:
    • Basic HR Operations
    • HR Advisory
    • Shared HR Information Systems

Your business can receive up to 70% of qualifying costs of funding support (including a one-time set cost and monthly subscription cost on HR electronic solutions capped at 12 months). 

Contact us now to find out more about Capability Development Grant government schemes!