Small and medium-sized enterprises (SMEs) often face a dilemma. How to improve employee productivity without significant investment? Capital seems to be a key factor that gets in the way of productivity. So get it out of the way, leverage on the Productivity and Innovation Credit (PIC) scheme and Singapore Workforce Development Agency (WDA) WorkPro programme. …
Slow Business? Time to Improve Employee Productivity Read More »
Major firms and institutions Singapore Chinese Chamber of Commerce and Industry (SCCCI), Ernst & Young, and Deloitte Singapore have recommended the Singapore government to refine and extend the Productivity and Innovation Credit (PIC) scheme. Introduced in 2010, the productivity and innovation credit (PIC) was implemented to encourage innovation and productivity in businesses. Read more about …
The Ministry of Manpower (MOM) has made changes to the Employment Act that would take effect 1 April 2014. The quick overview of amendment on the flash banner on MOM’s website states the following: Better protection for more workers Flexibility for employers Improvement employment benefits and standards Enhance enforcement and compliance What’s Employment Act? …
News Flash: Changes to Employment Act from 1 April 2014 Read More »
On top of our previous article, Business and Taxes in Singapore. What do I need to know?, we decided to help our busy readers who might be looking for specific information. In this post, we will provide a few quick notes about GST. What is GST? In the simplest understanding of GST, it is known …
Most start-ups and even SMEs struggle with making enough dough for the first few years of operation. Why is it so? Consider the following costs for starting up and maintaining operations: Company Incorporation Opening a Bank Account Monthly Office Rental and Three-month Security Deposit Electricity Bills Telephone & Internet Bills Equipment (such as PCs, laptops, …
Struggling with salaries? Wage Credit Scheme solves your problem. Read More »
According to the Ministry of Trade and Industry, “For the whole of 2013, the economy is estimated to have grown by 3.7 per cent. This is in line with MTI’s growth forecast of 3.5 to 4.0 per cent.” Gleaming through the press release titled, “Singapore’s GDP Grew 4.4 Per Cent in the Fourth Quarter of …
With the recent Little India Riot, Singapore and the Ministry of Manpower (MOM) have been on high alert with regards to foreign talent. What sparked such violent behaviour? Could it be that these foreign workers are unhappy with their employers? An article titled Data shows worker woes ‘not an issue’ on The Straits Times, 14 …
Employing Foreign Workers? Here’s a few things you need to know. Read More »
What’s PIC? The productivity and innovation credit (PIC) was introduced in 2010 to encourage innovation and productivity in businesses. To be eligible for this scheme, all businesses must have employed and made CPF contributions for at least three local employees (excluding directors of the company, be it sole-proprietors, partners and shareholders), incurred PIC-qualifying expenditure (refer …
Give your company an innovation and productivity boost with the PIC scheme Read More »
While it is really easy to setup your company, it can be quite overwhelming for you when you first start out. Especially when you are more than just a mere one-man show, you need to be thinking about employment laws, be it employing locals or foreign talent. From employer obligations such as the employment act, …
Start-up woes? A quick helpline for newly-incorporated companies in Singapore Read More »