Budget 2025: Supporting Workforce Growth with HR Tech Like Adaptive Pay

Each year, the Singapore government introduces new initiatives to support both workers and businesses. Budget 2025 stands out for its focus on upskilling employees and expanding the workforce. This allocation essentially gives HR professionals a chance to enhance talent acquisition, development, and retention — all while leveraging available subsidies and grants. Consider implementing an HRMS in Singapore to fully capitalise on the available support and manage your training initiatives. A human resource management software solution like Adaptive Pay can help your HR department make the most of Budget 2025 while streamlining your operations.

Key initiatives for workforce growth

• Budget 2025 provides government grants and subsidies to help employers ensure that their employees remain competitive in a fast-paced job market through reskilling and upskilling programs.
• Furthermore, it encourages companies to adopt HRMS in Singapore and other such technologies to boost efficiency through digital transformation incentives.
• It also offers financial initiatives to support the retraining and hiring of local talent.
• Finally, there are new employment policy updates within Budget 2025 that may affect your HR operations.

What does it mean for your HR team?

Budget 2025 can give you access to valuable programs, most notably the SkillsFuture Enterprise Credit (SFEC). This government initiative helps businesses like yours invest in both HR technology and employee development. If your company qualifies, you can receive up to SGD10,000 to offset related costs. In essence, the SFEC empowers you to upskill your workforce and digitise your HR operations. Specifically, these credits can help you acquire tools like AdaptivePay and fund essential training courses.

Why use HR tech like Adaptive Pay?

Adaptive Pay is an HRMS designed for Singapore that helps your team maintain compliance while optimising employee experiences and training. It automates core HR functions like leave and payroll to allow your HR professionals to dedicate more time to talent management strategies that support employee growth and development. Plus, its comprehensive cloud-based platform provides attendance, roster management, claims processing, and performance appraisal tools to help you organise your HR operations and manage employee data effectively.

Try Adaptive Pay

Discover how Adaptive Pay HRMS in Singapore can support your company’s workforce growth. Request a demo on their website to see exactly how it can help your business maximise the benefits of Budget 2025.

About the company:

Adaptive Pay is a groundbreaking cloud-based HRMS and payroll software that simplifies and automates HR and payroll management for Singapore businesses. The software adheres completely to Singapore's employment laws and regulations, rendering it a highly suitable option for local businesses. A notable characteristic of Adaptive Pay is its user-friendly interface. The implementation of advanced security measures by Adaptive Pay guarantees the confidentiality and security of sensitive employee data.