An online productivity calculator, a productivity framework and access to advice from a business consultant – these are some of the resources available on a new portal aimed at helping businesses to raise their productivity.
Launched by SPRING Singapore, the Productivity@Work portal, which can be accessed through the EnterpriseOne website (www.enterpriseone.gov.sg), contains easy-to-understand productivity concepts, simple tools and other useful resources on productivity that businesses can tap on for self-help.
The Productivity@Work portal 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 competitiveness, 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.
Small and Medium Enterprises (SMEs) make up 99 per cent 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 S$79,000, is trailing behind the total enterprises' average of S$88,000.
Productivity@Work is aimed at bridging this gap. It 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.
“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.