Singapore Launches Business Productivity Resource Portal
From June 1st, businesses will have a dedicated portal to access information and various resources to help them take action to raise productivity.
Users can access Productivity@Work though the EnterpriseOne website (www.enterpriseone.gov.sg), managed by SPRING Singapore.
Productivity@Work contains easy-to-understand productivity concepts, simple tools and other useful resources on productivity that businesses can tap on for self-help.
It presents an Integrated Management of Productivity Activities (IMPACT) framework to guide businesses to manage productivity in a systematic manner; and provides case studies on how companies have implemented measures that resulted in higher productivity.
It also guides businesses to the relevant government assistance programmes. And if they have any productivity-related questions or need help from a business consultant, they can send in their request through the website.
An interesting feature of the portal is an online productivity calculator for businesses to work out their productivity performance based on four indicators – labour productivity, labour cost competiveness, capital productivity and profit-to-value-added ratio. All they need is their profit & loss statement and balance sheet. They can also benchmark their productivity figures against the industry levels.
Productivity@Work is one of the channels outlined under the SME Productivity Roadmap (SME-PRO), a joint initiative by SPRING Singapore and the Singapore Workforce Development Agency. The SME-PRO is a three-step approach for SMEs to 1) Be Aware, 2) Get Trained and 3) Take Action to improve productivity.
SMEs make up 99% of enterprises in Singapore. They employ nearly six out of every 10 workers and generate about half of total enterprises’ value-added. However, their value-added per worker at $79,000, is trailing behind the total enterprises’ average of $88,000.[1] They need much help to improve their productivity.
Productivity@Work will enable SMEs to learn the basic concepts, calculate their productivity and use the resources available on the website to raise their productivity. This is the first self-help website on productivity and I encourage companies, especially SMEs, to use this website to kickstart their productivity journey,” said Mr Png Cheong Boon, Chief Executive, SPRING Singapore.
Users can look forward to richer content, including a self-help diagnostic tool, and more useful links in the future.
About SPRING Singapore
SPRING Singapore is the enterprise development agency for growing innovative companies and fostering a competitive SME sector. We work with partners to help enterprises in financing, capabilities and management development, technology and innovation, and access to markets.
As the national standards and accreditation body, SPRING also develops and promotes internationally-recognised standards and quality assurance to enhance competitiveness and facilitate trade.
Please visit www.spring.gov.sg for more information and news about SPRING Singapore.
Topics: 2010, business, economic development, economic growth, economic recovery, Economy, EnterpriseOne website, Governance, government, impact, information, Integrated Management of Productivity Activities framework, internet, investment, labour costs, moniter, monitor, news, online, portal, productivity, Productivity@Work, resources, Singapore, Singapore Workforce Development Agency, SME Productivity Roadmap, SME-PRO, society, SPRING Singapore, technology, website, workforce
Print This Article in Plain Text
|
|
Latest Headlines
- Osama Bin Laden Dead?
- Florida To Share $1 Billion For Gulf Coast Restoration Efforts
- Texas Prays For Rain During Extreme Drought Conditions
- Governor Christie Takes Action To Reduce Diesel Emissions, Improve Air Quality
- Governor McDonnell Outlines Draft Transportation Improvement Program
- Alaska Energy Bill Passes Legislature
- Illinois State Building Receives ENERGY STAR Award
- Homeland Security Begins Using National Terrorism Advisory System
- U.S. Outlines New Health Insurance Options For Graduating College Students
- Electrolux Expands In North Carolina, To Create 200 Jobs In Charlotte
- Virginia Storm Victims To Receive Tax Extension
- U.S. Expands Broadband Investment For Rural Areas To Accelerate Job Creation
- U.S. To Invest $130 Million For Advanced Energy Research
- Michigan Passes “I’m Sorry” Bill
- Kentucky Sells Two State Aircraft To Save Taxpayer Dollars
