SMEs can receive funding support of up to 70% of qualifying costs* to help improve and optimise HR operational efficiency through HR Shared Services funding (HRSS).
SMEs can spend up to 40% in a day engaged in time consuming but necessary HR processes.
To help SMEs improve and optimise HR operational efficiency, SPRING Singapore has introduced an initiative to enable SMEs to outsource some of their HR operational activities and leverage on IT to enhance their HR systems and processes.
The supportable areas under SPRING Singapore’s HR Shared Services initiative include:
- HR advisory services
- HR operations
- HR Information Services
aAdvantage Consulting’s Seamless HR Outsourcing Experience
aAdvantage Consulting has a track record of assisting organisations in building their capabilities in all three supportable areas.
Under the area of HR Advisory Services, we can assist you with:
- Employment act & regulations
- Employee communications
- HR policies & processes
- Organisation structure & processes
- Employee / talent profiling tools
Under the area of HR Operations, we can assist you with:
- Needs analysis
- Performance evaluation
- Training & development
- Recruitment
- Employee relations
- Employee practices
- HR administrative support
Under the area of HR Information System, we can assist you with:
- Payroll processing
- Claims processing
- Performance evaluation
- Training & development
What’s Covered in the HRSS Grant?
SMEs can receive 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 SMEs 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 will be supported under the monthly subscription cost:
- Engaging appointed HR service providers to manage the HR services and/or subscribe to the HR modules under the HR Information Systems
* The following services will not be supported: consultancy cost on developing new HR policies; successful manpower placement and job advertisement cost; training cost; system installation cost.
Are you Eligible?
All local SMEs can apply if they meet the following criteria:
- Registered and operating in Singapore
- Have minimum 30% local shareholding (by Singaporean or PR)
- Have a group annual turnover of not more than S$100 million, or group employment size of not more than 200 employees
Enquiries
6853 2658
enquiries@aadvantage-consulting.com
Related Links:
HR Shared Services Grant by SPRING Singapore. Read more
Factsheet on HR Shared Services Initiative. Read more.