More Than 40,000 Small Businesses Affected By COVID-19 Restrictions Received S132 Million In Singapore

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Last year, a total of S$132 million was distributed to small businesses in the sectors most affected by safe management measures, such as food and beverage, retail, tourism, and hospitality. SINGAPORE: More than 40,000 small businesses affected by the COVID-19 pandemic received up to S$10,000 in government grants last week to help them get back on their feet. According to the Ministry of Trade and Industry (MTI) and the Inland Revenue Authority of Singapore (IRAS), a total of S$132 million was disbursed to small businesses in sectors most affected by safe management measures through the Small Business Recovery Grant (SBRG) last year (Jun 27). These companies include those in the food and beverage, retail, tourism, and hospitality industries. The grant, which provides one-time cash assistance to businesses, was announced as part of the S$500 million set aside for the Jobs and Business Support Package in Budget 2022. According to MTI, eligible businesses received S$1,000 for each Singapore citizen or permanent resident employee who made mandatory Central Provident Fund contributions and worked between November 1, 2021 and December 31, 2021. According to the ministry, this was limited to S$10,000 per firm. According to MTI, eligible sole proprietorships, partnerships, as well as hawkers, market, and coffee shop stallholders licenced by the Singapore Food Agency, received a S$1,000 flat payout even if they did not employ any workers during this period. Business owners can check their eligibility for the SBRG at QuickHR

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More Than 40,000 Small Businesses
Affected By COVID-19 Restrictions
Received S$132 Million In Singapore
Last year, a total of S$132 million was distributed to small businesses
in the sectors most affected by safe management measures, such as
food and beverage, retail, tourism, and hospitality.
SINGAPORE: More than 40,000 small businesses affected by the
COVID-19 pandemic received up to S$10,000 in government grants
last week to help them get back on their feet.

According to the Ministry of Trade and Industry (MTI) and the Inland
Revenue Authority of Singapore (IRAS), a total of S$132 million was
disbursed to small businesses in sectors most affected by safe
management measures through the Small Business Recovery Grant
(SBRG) last year (Jun 27).
These companies include those in the food and beverage, retail,
tourism, and hospitality industries.
The grant, which provides one-time cash assistance to businesses,
was announced as part of the S$500 million set aside for the Jobs and
Business Support Package in Budget 2022.
According to MTI, eligible businesses received S$1,000 for each
Singapore citizen or permanent resident employee who made
mandatory Central Provident Fund contributions and worked
between November 1, 2021 and December 31, 2021.
According to the ministry, this was limited to S$10,000 per firm.
According to MTI, eligible sole proprietorships, partnerships, as well

as hawkers, market, and coffee shop stallholders licenced by the
Singapore Food Agency, received a S$1,000 flat payout even if they
did not employ any workers during this period.
Business owners can check their eligibility for the SBRG at QuickHR

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Human Resource Management (HRM) is the process of managing human resources within an organization to achieve organizational goals. It is concerned with managing people, recruitment, payroll, training, compensation, benefits, and employee relations. HRM is a vital function of any organization as it deals with the most important asset of the company, which is its people. In this article, we will discuss in detail what HRM is and its importance in an organization. Table of Contents What is Human Resource Management? The Importance of Human Resource Management Functions of Human Resource Management Recruitment and Selection Training and Development Performance Management Compensation and Benefits Employee Relations Challenges in Human Resource Management Trends in Human Resource Management Use of Technology Work-Life Balance Diversity and Inclusion Remote Work Conclusion FAQs The Importance of Human Resource Management Human resource management is crucial for the success of any organization. A good HRM system can ensure that the right people are hired for the right job, trained and developed to meet the organization's needs, compensated fairly, and treated with respect and dignity. It can also help to build a positive work culture, increase employee engagement, and reduce employee turnover. HRM plays a critical role in driving the organization's growth, innovation, and profitability. Functions of Human Resource Management Recruitment and Selection Recruitment and selection are the processes of attracting and selecting the right candidates for the organization. The HR department is responsible for creating job descriptions, posting job vacancies, screening resumes, conducting interviews, and selecting the best candidate for the job. This process helps to ensure that the organization has the right people in the right positions. Training and Development Training and development are essential for the growth and development of employees. HRM is responsible for identifying the training needs of employees and providing them with the necessary training to improve their skills and knowledge. This process helps to enhance employee performance, job satisfaction, and career development. Performance Management Performance management involves setting clear performance expectations, providing feedback, and evaluating employee performance. HRM is responsible for creating performance management systems, setting performance goals, monitoring progress, and providing feedback. This process helps to improve employee performance, motivation, and accountability. Compensation and Benefits Compensation and benefits refer to the rewards and incentives provided to employees for their work. HRM is responsible for creating a fair and competitive compensation package that includes salary, bonuses, and benefits such as health insurance, retirement plans, and paid time off. https://quickhr.co/

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More Than 40,000 Small Businesses Affected By COVID-19 Restrictions Received S132 Million In Singapore

1. More Than 40,000 Small Businesses Affected By COVID-19 Restrictions Received S$132 Million In Singapore Last year, a total of S$132 million was distributed to small businesses in the sectors most affected by safe management measures, such as food and beverage, retail, tourism, and hospitality. SINGAPORE: More than 40,000 small businesses affected by the COVID-19 pandemic received up to S$10,000 in government grants last week to help them get back on their feet.

2. According to the Ministry of Trade and Industry (MTI) and the Inland Revenue Authority of Singapore (IRAS), a total of S$132 million was disbursed to small businesses in sectors most affected by safe management measures through the Small Business Recovery Grant (SBRG) last year (Jun 27). These companies include those in the food and beverage, retail, tourism, and hospitality industries. The grant, which provides one-time cash assistance to businesses, was announced as part of the S$500 million set aside for the Jobs and Business Support Package in Budget 2022. According to MTI, eligible businesses received S$1,000 for each Singapore citizen or permanent resident employee who made mandatory Central Provident Fund contributions and worked between November 1, 2021 and December 31, 2021. According to the ministry, this was limited to S$10,000 per firm. According to MTI, eligible sole proprietorships, partnerships, as well

3. as hawkers, market, and coffee shop stallholders licenced by the Singapore Food Agency, received a S$1,000 flat payout even if they did not employ any workers during this period. Business owners can check their eligibility for the SBRG at QuickHR

More Than 40,000 Small Businesses Affected By COVID-19 Restrictions Received S132 Million In Singapore

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More Than 40,000 Small Businesses Affected By COVID-19 Restrictions Received S132 Million In Singapore