HUMAN CAPITAL DEVELOPMENT (HCD)
One of the most important ingredients for a company's success is Human Capital Development (HCD). HCD has countless of benefits such as greater employee retention rates and enhance your business' ROI. Thus, the EDG supports companies in enhancing their Human Resource capabilities which would in turn enable effective implementation of growth strategies.
What Would A Human Capital Development Project Look Like?
The project scope could include:
1. Evaluating the strengths and weaknesses of the company
2. Introducing changes to the business strategy such as a carefully planned business framework
What Areas Does The Project Cover?
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Company's Culture
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Compensation & Benefits
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Employee Engagement & Communication
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Employee Value Proposition
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HR Management
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International Mobility
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Job re-design
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Learning & Development
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Manpower Planning
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Performance Management
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Recruitment & Selection
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Talent Management & Succession Planning
What Kind Of Activities Are Not Covered By The Grant?
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Costs for independent training courses
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Employee benefits or subsidies
What Is The Support Level?
Up to 80% of costs for SMES and 60% of qualified costs for Non-SMES from 1 April 2020 to 31 March 2022.
*Overview For Project Application:
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You will need to submit a solid business plan that showcases sound financial management.
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It is preferred if you have a good plan for human capital development.
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A plan for your company's sustainable growth is ideal.
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A credible service provider &/or certified management consultant is required (with Enterprise Singapore-recognised Certification)
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Be prepared to submit documents such as your financial statements from the previous year.
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Application is to be done on the Business Grants Portal.
Drop us a message to find out more about the consultancy services provided. For more information about the grant application process, refer to our FAQ.