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IMPACT – MEDIUM
What is the change? The Ministry of Manpower has launched the Human Capital Partnership program to assist select employers in nurturing their Singaporean workforces.
What does the change mean? Employers in the program will have expedited service and access to a dedicated hotline at the ministry, as well as access to additional government resources and support.
Background: The Human Capital Partnership is a new program for employers “who invest in human capital and adopt progressive workplace practices.” According to the ministry, government will partner with selected employers and provide resources and support to help them build their business and stay competitive by developing their workforce throughout various career levels. In exchange, businesses will have special benefits, such as expedited processing for transactions with the ministry.
B·A·L Analysis: The program is part of Singapore’s overall goal to enhance the local labor force by encouraging employers to nurture and grow their cores of local workers. Companies applying to participate in the program will be assessed on their human resources track records and the types of training, mentoring, incentives and other programs they offer their employees. Companies of any size, revenue or sector will be considered.
This alert has been provided by the BAL Global Practice group in Singapore. For additional information, please contact singapore@bal.com.
Copyright © 2016 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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