Connecting...

W1siziisimnvbxbpbgvkx3rozw1lx2fzc2v0cy9wcmltzwhyl2pwzy9iyw5uzxitzgvmyxvsdc5qcgcixv0

Industry Insights

How can Government Grants help your Business Transformation

Posted on 16/12/2019 by PrimeHR

W1siziisijiwmtkvmtivmtyvmtavmdavntcvmjayl2fnzw5kys1hbmfsexnpcy1idxnpbmvzcy05ota4mtgtmi0xmtqwedy5nc5qcgcixsxbinailcj0ahvtyiisijk4mhg2mdbcdtawm2uixv0

In today’s world, Business Transformation is essential in order to help cope with shifts in the market environment. It involves making fundamental changes in how business is conducted.

 

Business Transformation is the process of fundamentally changing the Systems, Processes, People and Technology across a whole business or business unit, to achieve measurable improvements in Efficiency, Effectiveness and Stakeholder Satisfaction. As such, a Business Transformation Project is likely to include numerous change management projects, each focused on an individual Process, System, Technology, Team or Department.

 

In order to remain relevant and successful, companies must press on with transformation in order to ride the wave of change created by technological developments and demographic shifts. Here at Singapore, we are fortunate that the Government supports all Companies in their transformation efforts. From startups to businesses at various stages of growth, the Government will support all our companies to strengthen capabilities in Innovation and Productivity, Internationalization and/or Training and Re-skilling workers to prepare them for jobs in the future economy. Financing is also available to support companies’ expansion needs.

 

Below are some of the beneficial grants that Government is providing.

 

Jobs and Skills: Support workers in their skills training so that they remain relevant with changing needs of the industry.

  • Career Support Programme
  • Career Trial
  • Professional Conversion Programmes (PCP), Place-and-Train
  • SkillsFuture Earn and Learn Programme
  • P-Max

 

Productivity Growth: Adopt automation and productivity solutions and build up digital capabilities to increase efficiency.

  • Enterprise Development Grant (EDG)
  • Productivity Solutions Grant  (PSG)

 

Internationalization: Venture overseas and seize opportunities from the growing markets around us.

  • Market Readiness Assistance (MRA)

 

 

With these Government Grants available, companies can tap on them to make fundamental changes and adapt to the demographic shifts. Contact us at business@primehr.com.sg or visit our website at <insert link to our website grant page> to find out more or arrange a “No Obligation Business Clinic” session with us.