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.

  • Implementation time frame: Ongoing.
  • Who is affected: Employers selected for the Human Capital Partnership program.
  • Impact on processing times: The ministry will provide faster service standards and additional support to employers in the program.
  • Business impact: The program supports businesses in developing and nurturing talent and is intended to promote a strong Singaporean core.
  • Next steps: Employers interested in applying for the program should complete a form with their profile and submit it to the ministry. It will take about 10 working days for a decision. If selected, employers will be placed into the program immediately.

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.

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