With the nation’s push towards enterprise development, Enterprise Singapore came up with a new grant that is specifically aimed at helping SMEs to adopt innovative HR technologies.
Under this pilot, four areas of HR technology solutions for SMEs were identified.
- Employee Engagement
- Compensation and Benefits
- Learning and Development, and
- Recruitment and Selection
Companies can look forward to savings in costs and resources by adopting the right tools and solutions to implement operational HR activities, such as conducting employee surveys and benefits administration.
By putting in place the right systems and processes, companies can focus on strengthening other HR areas as well as growing the company.
Qualified businesses can receive funding support of up to 50% of qualifying costs, including a one-time setup cost (if applicable), a monthly subscription cost capped at 12 months.
Appointed HR Tech Providers
These are the eight HR Technology vendors have been appointed under this new programme:
EngageRocket is a cloud-based software that helps leaders and organisations make better people decisions using real-time data.
Through cultural change, organisational transformation, mergers and acquisitions and other key events, companies use EngageRocket to analyse and act on employee feedback.
This raises their employee engagement and productivity, and serves as an early warning system for talent attrition.
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Benefit from real-time actionable insights through surveys, chatbots and QnA sessions, be they behind the scenes in the form of samples and panels, or at live events such as town halls, meetings, conferences, conventions and even national conversations.
3. Salary Board
Salary Board provides online solutions that help professionals in SE Asia research and compare compensation information based on specific skills, tasks, responsibilities and more, in an accurate and reliable way.
Mednefits, a new kind of health benefits company using technology, data, design to make benefits simple, affordable and human. We believe better benefits is possible for every employer who cares.
5. CXA Group
CXA built Asia’s first data-driven Flex Benefits and Wellness Marketplace SaaS platform.
Their award-winning platform is helping companies unleash the power of data at the workplace to encourage healthy behaviours and contain costs.
Using CXA, employees get to choose their own path to good health by selecting the most relevant mix of personal insurance and wellness services to suit their individual health needs.
Companies buying their insurance through CXA brokers get flexible benefits, workplace wellness administration and data analytics – all without spending more.
Gnowbe is a mobile 1st, web-enabled, micro-learning solution designed specifically for behaviour change that delivers business impact.
They built Gnowbe on the latest research and science on how adults learn: not by passive listening but through application and reflection.
Gnowbe leverages bite-sized, social learning (chats and messaging) and gamification to encourage active engagement and inspire behavior change.
It is designed for the modern learner who needs relevant, new content when they want it, when they need it – right in their pockets.
Teamie is a social learning platform for enterprises and education institutes that drives collaboration, enhances educator productivity & institution performance.
Teamie has achieved this by creating a layer of social collaboration on top of a strong learning management system and by adding analytics to provide insights and recommendations to learners.
Gamification elements like badges, points and leader-board drive further engagement and behavior of learners.
Real-time notifications, access to learning content and the ability to collaborate on the go makes the learning process collaborative and fun.
StaffOnDemand empowers their clients to manage their recruitment and talent acquisition efforts.
Through the use of their recruitment technology, their clients connect faster, better and smarter with choice candidates, and enabled thousands of people in finding their choice career.
How about other areas of HR?
As a start, only four areas are targeted by Enterprise Singapore.
We recognise this is limited as the complexity of HR challenges continue to grow.
While we await for Enterprise Singapore to update their list, here are a few more HR Tech providers that are tackling other areas and we hope they would be added to the list very soon.
Peoplewave is Asia’s leading HR software company powered by blockchain technology.
It is revolutionising people management with data-driven, transparent feedback and verified performance data.
Peoplewave offers 3 key products – the “First 100 Days”: a new hire onboarding tool; “Performance Wave”: continuous 360-degree performance appraisals; And the “HR Command Centre” analytics suite, which unlocks employee data and insights.
Talent Management made not just easy, but possible.
Using AI-Powered Skills Profiling, JobKred helps companies to decode the inter-dependent relationships among industries, careers, jobs and skills and presents them in a self-help digital platform.
A command centre to monitor your most valuable asset – your people.
Keen to learn more?
As a boutique HR Consulting agency, our key forte is to advise and consult businesses on transformational HR projects and technology.
Our grant consultancy capability also equipped us in helping businesses claim for the right subsidy to support such implementations.
Drop us a note today for a free advisory session on how you can upscale your human resources.