New scheme offers funding and professional help for services companies to transform and boost productivity

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SINGAPORE - Services sector companies can now get more help to transform their businesses as they adapt to changing manpower needs and consumer demands.. Read more at straitstimes.com.

SINGAPORE - Services sector companies can now get more help to transform their businesses as they adapt to changing manpower needs and consumer demands.

In her speech, Mrs Teo said amid present economic uncertainties, some employers are worried, and they might wonder whether it is better to think about survival and current jobs than about transformation and jobs of the future. "We can take advantage of this time to put in new systems and processes to better manage costs in the longer term, to better our product and service offerings to capture market share.

Under the scheme, companies can send up to two representatives to attend a two-day workshop on techniques such as service design, job redesign and customer journey mapping. Small- and medium-sized enterprises will need to pay $1,800 or $3,398 before tax, depending on whether they work on one or two projects. This is after a 90 per cent government subsidy.Companies interested to sign up can contact SGPC at joysen_chew@sgpc.sg.

The Dependency Ratio Ceiling , or the proportion of foreign workers a firm can employ, will be lowered from 40 per cent to 38 per cent on Jan 1 next year , and to 35 per cent on Jan 1, 2021.

 

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