ICV, CDG, WORKPRO WORK-LIFE & AGE MANAGEMENT GRANTS
ICV - Innovation & Capability Voucher (ICV) & Capability Development Grant (CDG) for SMEs
ICV - Innovation & Capability Voucher (ICV), SPRING Singapore, encourages first-timer SMEs to kickstart developing capabilities to grow their business and embark on consultancy projects whereas Capability Development Grant (CDG) is for further upgrading by SMEs embarking on larger scale projects at strategic or holistic level. Manpower Ministry's WorkPro Work-Life Grant funds work-life strategies particularly flexible work arrangements to help employees better manage work and family responsibilities to achieve work-life balance. Age Management Grant funds employers' implementation of age management practices to better manage mature workers.
ICV, Innovation & Capability Voucher, SPRING
Innovation & Capability Voucher (ICV) SPRING is a simple to apply, easy-to-use voucher of $5,000 with 100% funding to encourage SMEs to develop their business capabilities through consultancy in human resources, innovation, productivity and financial management.
Innovation & Capability Voucher (ICV) SPRING also supports SMEs in adopting and implementing pre-scoped Integrated Solutions to improve business efficiency and productivity.
Innovation and Capability Voucher (ICV) supports bite-size small scale projects with maximum duration of 6 months. Pre-package solutions with pre-qualified consultants. ICVs are first steps more suited for first-timers to jumpstart SME capability upgrading and productivity improvements.
Each SME is entitled to maximum of eight vouchers. Each ICV project must be completed within six months before a new application can be submitted SPRING Singapore.
All local SMEs can apply for ICV SPRING when they meet the following eligibility criteria:
- Registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Have group annual turnover of not more than $100 million OR group employment size of not more than 200 employees
Hu-Tech Consulting has been appointed as ICV Service Provider, Human Resources, since June 2012 when ICV was first introduced by SPRING Singapore.
ICV HR Modules
Scope of ICV HR Consultancy Projects
Recruitment & Selection
Recommend recruitment strategies tailored to company profile for recruiting employees, establish processes to attract job applicants and assess their suitability using selection methods & instruments
Compensation & Benefits
Design and manage market competitive compensation and benefits strategies and programmes to attract, reward and retain employees customised to company needs. These include base and graded salary structures, pay for performance, sales incentives, staff leave and welfare benefits.
Establish performance management system, key performance indicators, guidelines and forms to appraise and monitor employees performance. Maintain or improve employee performance through objective setting, appraisal, coaching and feedback.
Learning & Development
Establish guidelines for training and development of employees, providing competency-based training roadmap and training plan based on organisational and individual needs
ICV Application Process
Step 1: Review the supported services and project scope of ICV HR modules.
Step 2: Once you have selected a service, contact one of the participating service providers to discuss the project. The service provider must agree to undertake the project before you can submit your application online.
Step 3: Apply via the ICV Online Portal using Microsoft Internet Explorer. Your application will be processed within 6 to 8 weeks after submitting the required documents. You will be notified via email when your application has been approved.
Step 4: When the project is completed, both the SME applicant and service provider must endorse the project report before submitting it to SPRING Singapore.
Capability Development Grant (CDG)
The Capability Development Grant (CDG) helps SMEs build capabilities across 10 key areas ranging from raising service standards, adopting technology to staff training and overseas expansion to enable their businesses to grow locally and globally.
CDG defrays up to 70% of qualifying project costs such as consultancy, training, certification and equipment costs.
CDG supports larger scale projects with customised project scope but no fixed grant quantum and project duration. More suited for further upgrading by SMEs embarking on larger scale projects.
WorkPro Work-Life and Age Management Grants, MOM
WorkPro Work-life Grant provides funding and incentives of up to $160,000 for organisations to offer flexible work arrangements (FWAs) for employees. This is to assist employees better manage work and family responsibilities for achieving greater work-life balance leading to higher morale, employee engagement and productivity in the work place.
Under Age Management Grant, the Manpower Ministry, WDA, NTUC & SNEF provide one-off grant of up to $20,000 per organisation to help employers implement age management practices such as good re-employment and performance management for mature workers.
Tired of Having Annoying Problems in Recruiting, Rewarding & Retaining Talents To Grow Your Business Locally & Globally?
- Have problems in attracting, interviewing, assessing, selecting and recruiting the best-fit candidate for job vacancies in your Company?
- Have problems with designing and developing market competitive compensation and benefits package to reward employees fairly for their contributions and retain their services?
- Have difficulties in developing performance management systems with goals, key performance indicators (KPIs), feedback, coaching to improve employee performance and increase their contributions to your Company?
- Are you afraid of training your employees only to have them join your competitors after being trained? Do you have problems in providing training roadmap and plan for developing your employees' skills?
- Have problems in planning your future workforce requirements with gaps identified and solutions implemented to bridge the gaps?
- Do you find it challenging to develop talents for key job roles? Not able to develop their job descriptions, induction & training plans and career pathways?
- Find it challenging to create a strategy and plans for succession such as identifying required competencies of successors for critical roles & time period?
- Is it challenging to develop, maintain & improve employer-employee relations through building a strong & cohesive company culture & enhancing internal communications?
Also tired of problems in providing more work-life balance to employees & managing older workers?
Also tired of having staff not fully commited, engaged and responsive to customers' needs but burnt out on urgent, annual or medical leave and punctuality leading to decline in productivity and revenue for the organisation?
Have problems implementing age management practices on fair employment, re-employment, managing performance, organising health and wellness programme for matured workers in your organisation?
Want to apply for Innovation and Capability Voucher (ICV), Capability Development Grant (CDG), Work-Life and Age Management Grants?
We are here to help and save you the following:
You can better use your time to focus on your passion, key strengths, expertise and skills for growing your business and people.
You can better invest your money wisely on the structure, system, guidelines, process, tool and template solutions that you really need to grow your business, recruit and retain staff
You can use more effective strategies to achieve your goals, become more innovative, productive and supportive of work-life harmony by engaging our professional services and support
Consultancy Project Solutions for ICV, CDG, Work-Life and Age Management Grants
Hu-Tech Consulting was appointed as ICV Service Provider, Human Resources, when Innovation and Capability Voucher (ICV) was first introduced in June 2012. Please refer to SPRING Singapore website and Voucher SPRING for more information on Innovation and Capability Voucher.
In 2010 Benjamin Chan became the Pioneer Associate Consultant, Singapore National Employers Federation, for SPRING Singapore's Human Resource Capability Programme. This Programme was amended to Capability Development Grant (Human Capital Development) in June 2012. Please refer to SPRING Singapore website and CDG SPRING for more information on Capability Development Grant (CDG).
Benjamin Chan has been appointed as Approved Work-Life Consultant by Ministry of Manpower to assist organisations in implementing flexible work arrangements since its official launch in 2015. Please refer to MOM's website on WorkPro Work-Life Grant and WorkPro Work-Life Grant for Flexible Work Arrangement link for more information. He has completed courses on fair recruitment and selection, managing multi-generation workforce and matured workers at TAFEP and Centre for Seniors. He almost completed the Age Management @ Workplace (AMW) Programme at Singapore University for Social Sciences (SUSS) in conjunction with Singapore National Employers Federation. Please refer to Age Management Grant for Mature Workers and MOM's Factsheets on Enhanced WorkPro for more information.
Benjamin Chan has a Masters' Degree in Human Resource Management, Honours Degree in Social Science (Economics), Graduate Diplomas in Management Consulting, Personnel, Training & Financial Management & Advanced Certificate in Training & Development. He is a Senior Practising Management Consultant (SPMC) of Singapore Business Advisors and Consultant Council (SBACC).
He has more than 15 years of extensive experience in consulting and working with SMEs and Multinational Corporations in different industries, SPRING Singapore, Singapore Workforce Development Agency (WDA) and Singapore National Employers Federations (SNEF), among others.
Prior to consulting Benjamin has also acquired more than 15 years of professional working experience in government statutory boards, SMEs and Multinational Corporations in several industries at strategic and operational levels in Singapore and the regions.
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Benjamin Chan customised HR best practices in Recruitment & Selection and Compensation & Benefits to the needs of my Company. He did a wonderful and great job for me to put in place the HR systems and coming out with all the strategies, processes, policy guidelines, templates and procedures. Strongly recommend him for HR consultancy projects
Benjamin Chan developed and customised Human Resource strategies, best practices, processes, policy guidelines, procedures, tools and templates in recruitment & selection, compensation & benefits and performance management to suit the needs of my Company. He is very professional, systematic, analytical, honest, reliable and independent in judgement. I would strongly recommend him for HR consultancy projects.
Chief Executive Officer