Singapore (PRWEB) June 16, 2012
The two funding schemes, the Work-Life Works! (WOW!) Fund and the Flexi-Works! Fund, are part of the efforts by the Ministry of Manpower (MOM) to encourage a healthy work-life balance among Singapore workers. The Ministry has stressed that work-life strategies play an important role in increasing the productivity of a workforce, which in turn benefits the Singapore economy as a whole. In order to address this issue, it introduced the two funding schemes to encourage companies to implement work-life strategies at their workplace.
The GuideMeSingapore.com’s information guide on these two Work-Life funding schemes is a comprehensive online resource explaining the purpose of each fund and what expenditures these can be used for. In addition, it lists the types of businesses eligible to apply for the funds, the prerequisites to receive the funding, and a step-by-step description of the application procedures.
Given today’s increasingly competitive and stressful business environment, managing and retaining employees has become a top priority for most human resource professionals and small business owners. It is of particular significance in a place such as Singapore, where the workforce plays a key role in the country’s success due to the lack of substantial natural resources.
The Work-Life Works! Fund is a one-time grant that is given to businesses in order to encourage employers to implement work-life strategies at the workplace. Meanwhile, the Flexi-Works! Fund is a grant that is given to businesses in order to encourage employers to hire staff on a part-time basis or on flexible-work arrangements such as staggered hours, flexi-time, job-sharing, telecommuting, and alternative work schedules.
“Both funds are a great supplement to the various benefits that employees in Singapore enjoy under the Singapore Employment Act,” said Ms. Jacqueline Low, Chief Operating Officer of Janus Corporate Solutions, a Singapore company registration agency and parent of GuideMeSingapore.com. “Our new online guide on these helpful funding schemes is an excellent resource for existing employers, as well as those who are considering forming a new company in Singapore.”
The information guide can be accessed at http://www.guidemesingapore.com/incorporation/entrepreneurship/wow-and-flexi-works-funding-schemes.
About Janus Corporate Solutions Pte Ltd
Janus Corporate Solutions Pte Ltd is a leading Singapore-based firm that provides comprehensive and cost-effective Singapore company formation, employment visa, accounting and tax filing services to businesses and entrepreneurs worldwide. For more information, visit http://www.guidemesingapore.com