Maximisation of Human Talent requires managers who are well-prepared to lead their teams effectively and fulfil a strategic role in Human Capital Management.
Human Capital Management (HCM) is not as commonly implemented in SMEs as it is in multinational corporations. Nevertheless, SMEs can achieve sustained growth by establishing clear, straightforward, and cohesive human capital structures. Companies can effectively expand their operations and foster employee engagement even without establishing a dedicated HR division.
In fact, certain SMEs opt not to employ HR professionals. Instead, they prioritise raising the skills and experience of their employees, especially managers or division heads. Consequently, effective leadership and business expansion always begin with directives from the CEO. Therefore, the CEO’s role involves personally choosing and hiring managers who possess the appropriate mindset to address their team’s needs from both strategic and long-term viewpoints.
Singapore Businesses that fulfill Enterprise Singapore’s criteria can use the Enterprise Development Grant (EDG) to develop Human Capital policies and strengthen your teams with the right skills as you scale and support your business growth to the next level.