HR Shared Services
Optimise your HR operational efficiency by outsourcing.
Published by Enterprise Singapore
on 21 Oct 2015
Small and medium enterprises (SMEs) may optimise their HR operational efficiency by outsourcing some activities to HR service providers. Such providers appointed by SPRING Singapore (now Enterprise Singapore1) offer shared access to HR systems and services, and advisory services.
How SMEs Will Benefit
Under this initiative, SMEs will:
- Receive funding support of up to 70% of qualifying costs (includes a one-time setup cost and up to 12 months of subscription cost);
- Strengthen their HR capabilities, systems and processes;
- Get to save more in costs and resources required to support HR operations; and
- Get to outsource operational HR activities such as payroll processing and employee data administration and therefore, focus on core business functions and more strategic HR activities such as talent management and succession planning.
1SPRING Singapore merged with IE Singapore to form Enterprise Singapore on 1 April 2018.