Human Resource (HR) Industry Manpower Plan

StaffOnDemand Blog

 

The HR industry has been identified as a key sector that helps people to adapt and grow, and for industries to transform and grow.With technological disruptions, evolving business operations, and a changing workforce profile, new demands are placed on people and industries. This necessitates HR professionals to take on a pre-emptive approach to be future-ready, and keep up with these changes to stay competitive.

 

The Human Resource (HR) Industry Manpower Plan (HRIMP) was unveiled by Minister, Prime Minister’s Office and Second Minister for Manpower and Second Minister for Foreign Affairs, Mrs Josephine Teo on 10 July 2017. The plan encompasses key initiatives  that are set to transform the HR industry and support Singapore’s next phase of growth.

With technological disruptions, evolving business operations, and a changing workforce profile, new demands are placed on people and industries. This necessitates HR professionals to take on a pre-emptive approach to be future-ready, and keep up with these changes to stay competitive.

The HR industry has been identified as a key sector that helps people to adapt and grow, and for industries to transform and grow. The HRIMP is designed with the goal of transforming the HR industry through 3 key strategies:

  • Strengthen the HR profession
  • Enhance HR support for employers
  • Nurture a vibrant HR services sector and HR eco-system

Who benefits from the HRIMP

HR professionals will have more opportunities to strengthen their capabilities to unlock the potential of their organisations and people.

HR industry players can look forward to new business opportunities to support the needs of businesses and their HR teams.

Employers can tap on the enhanced HR support to transform and grow their businesses to stay competitive and seize new opportunities.

Employees will benefit from more opportunities to adapt and grow in Singapore’s future economy.

Use of HR technology by SMEs

In particular, one of the key highlights  the launch of the HR Industry Manpower Plan, touched upon the HR eco-system, and how HR service providers can offer ways for small and medium-sized enterprises to outsource some HR operations and adopt more technology. To help SMEs defray the costs of implementing or adopting the use of technology solutions in HR processes such as recruitment and selection, SME employers can tap on the CDG and defrays up to 70% of qualifying project costs such as consultancy, training, certification and equipment costs.

 

Credits:

Tripartite partners unveil plan to transform the HR industry in Singapore

http://www.mom.gov.sg/newsroom/press-releases/2017/0710-tripartite-partners-unveil-plan-to-transform-the-hr-industry-in-singapore

HR Industry Manpower Plan

http://www.mom.gov.sg/~/media/mom/documents/employment-practices/hr/hr-industry-manpower-plan.pdf?la=en