You want get funding for your Corporate Team Building Event and do not how to get it! TVworkshop Corporate Team Building Event Singapore can help you.

Corporate Team Building Event Singapore. Thanks for visiting this webpage about how to get funding for your corporate team building activity. Probably your busy with searching for a new team idea in Singapore for 2017 or already in decision stage and found the team building activity you want to do with your team. But what about all the grant, schemes, funding here in Singapore!

Corporate Team Building Event Singapore

And it is time for action!

Where to start, where to find information, Agent or no agent, which document i need, are we eligible for it?  Many more questions. Welcome to Singapore i would say! It takes a lot of time and effort to find your way in world called grants, schemes and funding in Singapore. It is a precise process with a lot of documents filled in and still there is always a change of your claim being denied. But it is worth the effort, trying to get up to 400% tax deduction/allowances or 40% cash payout with the PIC (productivity and innovation Scheme) or up to 80% off from CIF (Community Integration Fund Claim). Sounds good or not? Grab a coffee or a tea and keep on reading!

 
Corporate team building event Singapore

Schemes, grants, funding! How many are there in Singapore?

First things first, we would like to set expectations right. As i wrote already with tons of information on the huge number of grants in Singapore, reading up on the various types of funding can be stressful and overwhelming. You can drown in the information. Singapore is country number 1 in all kind of grants, schemes and funds. It attracts a lot of foreign companies to set up business here with 30+ shareholding by local Singaporean or with help of incorporation companies. Want to know more about setting up your business? You can read more on Dutch Embassy Singapore.

So how many are there in Singapore. If you are interested in it, you can take a look at it and get an extra coffee for yourself. I got the link from SME Portal Singapore

Automation Support Package (ASP) 

Reduce manpower reliance and improve productivity by embarking on large-scale automation projects.

Building Information Model (BIM) Fund

Apply for up to S$30,000 funding to build up your company’s BIM collaboration capability to improve productivity in managing building projects.

Business Improvement Fund (BIF) 

Improve your business’ productivity, competitiveness and enhance your consumers’ experience and get up to 70% funding support.

Capability Development Grant (CDG)

Grow your business locally and globally across development areas such as innovation, brand development and service excellence.

Career Support Programme (CSP)

Wage support to encourage employers to hire eligible Singapore citizen Professionals, Managers, Executives and Technicians (PMETs) and tap on their experience and transferable skills.

Critical Infocomm Technology Resource Programme Plus (CITREP+) NEW

To build a strong core of specialised Singaporean ICT professionals with Smart Nation capabilities, CITREP+ is now expanded to support entry-level professionals to build specialised ICT skills through broad-based training and certifications.

Enhanced iSPRINT (Increase SME Productivity With Infocomm Adoption & Transformation)

iSPRINT has been in place since March 2010 to support SME’s use of technology to boost their productivity and growth. With effect from August 2014, the ICT for Productivity and Growth Programme (IPG) is incorporated into Enhanced iSPRINT, to provide broader coverage, while simplifying the application process.

Enhanced Training Support for SMEs

Enhanced Training Support for SMEs is a scheme aimed at encouraging small and medium enterprises (SMEs) to send employees for training and skills upgrading.

Enterprise Training Support (ETS)

The Enterprise Training Support scheme encourages businesses to implement progressive and innovative human resource systems that would help raise the skills and productivity of employees.

Global Company Partnership (GCP) Grant

GCP Grant is International Enterprise (IE) Singapore’s programme designed to help take your business global by providing assistance in the areas of building internal capabilities, manpower development and gaining market access.

Innovation & Capability Voucher (ICV)

Apply for a voucher valued at S$5,000 to develop your business capabilities and improve productivity through Consultancy Projects or Integrated Solutions. Information on the next CFC will be announced on SPRING website once details are confirmed. Interested consultancy service and solution providers may register their interest to be kept informed of the next CFC.

International Expansion Grant (Market Readiness Assistance Grant)

The International Expansion Grant (Market Readiness Assistance Grant) administered by IE Singapore, is designed to accelerate the international expansion of Singapore SMEs.

International Marketing Activities Programme (iMAP)

iMAP supports companies who want to access overseas business opportunities through participating in tradeshows and missions organised by Trade Associations and Chambers of Commerce.

Land Productivity Grant (LPG)

Get up to 70% of funding support for relocating some of your operations domestically or overseas, freeing up industrial land in the process.

Market Access Incubation Programme (MAIP)

The Market Access Incubation Programme (MAIP) supports startups who want to access overseas markets and networks.

Marketing Assistance

Helps media companies market their productions to their target audience and grow overseas demand for Singapore-produced content.

Mechanisation Credit (MechC) Scheme

Raise builders’ construction productivity through technology adoption.

Operation & Technology Roadmapping (OTR)

Want to maximise returns from your investments in technology? Get a grant for expert help from A*STAR to create a technology roadmap.

Productivity Innovation Project (PIP) Scheme

Operate your business more efficiently by re-engineering your work processes and adopting labour-efficient technologies.

Productivity-Max (P-Max) Programme

The Productivity-Max (P-Max) programme helps small and medium enterprises (SMEs) better recruit and retain Professionals, Managers and Executives (PMEs).

Revitalisation of Shops (ROS) Scheme

Supports efforts across Merchant Associations (MAs) to enhance vibrancy and competitiveness among HDB retailers.

SME Talent Programme (STP)

Engage and attract local talent from the Institute of Technical Education (ITE), Polytechnics and Universities through student internship, sponsorships and fresh hire training.

Talent Assistance

Helps media professionals to upgrade, upskill and secure work attachment opportunities.

Technology Adoption Programme (TAP)

Helps to improve the accessibility to technology for small and medium enterprises (SMEs) to enhance their productivity and innovation.

Technology for Enterprise Capability Upgrading (T-UP)

Access the pool of talent from A*STAR’s Research Institutes and build in-house R&D capabilities in your business operations.

Training@Maritime Singapore

Upgrade knowledge and expertise of local maritime personnel through attending approved training programmes under the Maritime Cluster Fund (MCF).

Training Industry Professionals In Tourism (TIP-iT)

Is your business in the tourism industry? Get a grant to send your staff for upgrading and attract young talents into the tourism sector.

Workforce Training & Upgrading (WTU)

Get funding support when you apply for training courses and assessment offered by the BCA Academy or any Approved Training and Testing Centres (ATTCs) by the Building and Construction Authority (BCA).

WorkPro

Encourage employers to implement progressive employment practices to benefit Singaporeans through job redesign, age management practices and flexible work arrangements.

Are You still there? I hoped you enjoyed it or you just scrolled down. Oke let’s focus on the important things! How to get PIC or CIF! Check first of you are eligible for the claim. Take a look below

Corporate team building event Singapore

Criteria for getting PIC (productivity and innovation Scheme) and how to claim it?

As for the PIC (productivity and innovation Scheme) claim i will come back later on the productivity issues or opportunities that you are trying to address first before you start claiming it.

Who can use it:

  • Singapore-based businesses | 30%+ Singaporean shareholding.
  • 3+ local employees with CPF in qualifying quarter | <200 employees
  • Revenue less than $100 million
  • Incurred at least $400 in qualifying expenses

Where can you use it for:

  • IT/Automation equipments
  • Training
  • Getting IP rights
  • Registering IP
  • R&D
  • Design

How much can you get back?

  • Up to 400% tax deduction/allowances or 40% cash payout

How to claim.

  • Organize a beautiful team building activity and get an official invoice and fill in the documents for cash pay out. For more information go to this link
  • For tax deduction you can read more on the website of IRAS
  • Always e file it under training category “Team building training to improve productivity”
  • Read useful case studies
TVworkshop Corporate Team Building Asia claim pic community integration fund

Criteria for getting CIF (Community Integration Fund Claim) and how to claim it?

As for the CIF i will come back later on the productivity issues or opportunities that you are trying to address first before you start claiming it.

Who can use it:

  • Singapore-registered organizations (NGOs) | ACRA registered companies | Trade Unions
  • A good mix of local:foreign participants.
  • Your corporate activities such as team building, family day, D&D etc. are more than 6-8 weeks away. Very important

Where can you use it for:

  • Corporate activities that promote bonding within your employees
  • You will need to customize these activities to promote integration or choose from one of these team building activities.

How much can you get back?

  • Up to 80% off the cost of activity, venue, food, transport and relevant costs

How to claim.

TVworkshop is ready to help you with the claim. You can choose one of our team building ideas. We provides support to handle all the paper work for you in person and come to your office to fill in the documents. Get the coffee ready.

You want to organize another team building activity: You can do the following:

Select or create activities that supports integration, submit excel application form to SNEF, modify your application based on inputs, execute the activity after you received approval, submit post-events forms with the official invoice.

TVworkshop Corporate Team Building Asia claim pic community integration fund

Take a look first at your company internal! For what improvement of productivity/opportunities i'm going to use it!

First what is productivity: A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. Source.

What is an opportunity: Exploitable set of circumstances with uncertain outcome, requiring commitment of resources and involving exposure to risk Source.

Off course i’m not a lean six sigma black belt expert and i know there a lot of different lines of business with various kind op processes. We all have the common goal to improve productivity and finding new opportunities. Getting more revenue on the most efficient way. I think that you, as a reader already made the goals clear  in your team. Do not start claiming anything before you have set this goals. It can be a bumpy road if you do not do this and also a very disappointed one.

Possible you are claiming to wrong grant or scheme by not fully analyzing your opportunity and productivity problems. How to explain this to your boss? Do not make decisions in choosing a grant by yourself and do it together. It is very easy to miss a detail in filling the documents, consequence no approval of claim. Working with agents is also possible and be very clear to the agent. Check check, double check the filled in documents. You know your company the best and the agent not. One wrong filled in detail by your agent and again the consequence can be enormous and even lead to a fraudulent case.

All went well and you succeeded in getting your claim. But because you have not identified the issue or opportunity, the productivity gains are not realized. Even if you get 80% funding, you will still spend 20% of the expenses with zero returns. The picture will look worse will you factor in transaction costs such as search costs, time spent with the paper work for funding, opportunity cost etc.

So how do you identify your issues or opportunities? You could look through the types that we have listed below to see which ones is your issue. You could also contact us for a quick talk. We could help you diagnose your issues.

TVworkshop Corporate Team Building Asia claim pic community integration fund

EVERY BUSINESS HAS HIDDEN PROBLEMS (AND THAT’S A GOOD THING)!

I would like to thank Christian Bonilla for using the article on smartlikehow.com. Clear explanation problems which companies can face in there stage of growing. You can read it below.

As I mentioned in my last post, the best way to become an important person is to solve important problems. But as a new hire, you most likely don’t know what the biggest problems facing your organization are yet, much less how to be part of the solution. To the untrained eye, it might even seem like the organization is doing great and isn’t really in problem-solving mode. The company’s website, marketing, and people all convey confidence in the business. Don’t be fooled: every company, no matter how successful, is always dealing with some major new challenge or other. Even runaway success brings with it new complications. Your task is to separate the marketing language from reality so that you can focus your efforts on addressing challenges that will benefit the business most.

The challenges you’ll find in any organization come in two flavors:

Type 1 Challenges often sound like restatements of the organization’s overall mission, and employees will openly acknowledge them often. For example, a software company trying to build a better web browser may cite technology barriers as a major challenge. These are obvious, and you may be working on some of these challenges as part of your core responsibilities. Don’t stop digging here.

Type 2 Challenges are the real deal, and you won’t hear about them during the interview process. A Type 2 Challenge for the software company above might be, “We have zero brand recognition and don’t know how to market our products.” That’s a much scarier problem for the future of the business than some technological hurdle. These are the kinds of things you’re looking for.

Given how significant Type 2 Challenges are, they are surprisingly hard to find. Just like you don’t reveal embarrassing things about your family to strangers, employees don’t talk about Type 2 Challenges with people they don’t know. For that reason, it’s safe to assume that you haven’t heard about the biggest challenges yet.  The list below is by no means all-encompassing, but it should give you some ideas for where to look in your own organization.

Without further ado:

Product-market fit –Particularly at startups and young companies, product-market fit is constantly being iterated upon. Simply put, do you have the right offering for your target customers? Are salespeople struggling to win business? Is the customer base really diverse without a good understanding of whom your product best serves?

Product maturity – How wide is the gap between the actual state of your product or service and the way the company presents it to the market? Is your product or service really the first, the best, the fastest, or the only, as you claim? If not (and it probably isn’t), how far are you from getting there? It’s not a problem that there is a gap between the marketing and the current state. But is that gap closing or widening?

Market disruption – Are there radically new ways available for your customers to meet the need you satisfy for them? Do they want to consume your service in new ways that you can’t accommodate (e.g. Netflix vs. Cable TV)? Do they expect to pay for your product in a different way than they always have? Sometimes, what your customers want simply changes. Look at McDonald’s and how it has tried to redefine its image in a much more health-conscious 21st Century.

Strategic instability – Companies can go through bouts of relative strategic calm, but they can also experience periods where it seems like they revamp their core strategy every year. When the troops don’t know which way to march, it creates internal friction that shows up all over the place: muddled advertising, confused customers, frustrated employees. Be on the lookout for this when your company has had a lot of recent executive turnover.

Competition – Sometimes, you’re just not winning. It happens for all sorts of reasons: inferior product, changing customer needs, or lackluster sales and marketing, to name just a few. Do your customers see you differently than they used to? Is there a new player on the block who’s just eating your lunch? There will always be competition, but if you’re really getting beaten up, you absolutely must understand why.

Customer satisfaction – This is an area in which I find the gap between your marketing language and reality can be painfully apparent. No matter where you work, there will be some people who hate your product. After all of the internal rah-rahs, it is shocking the first time you experience real hostility from customers. Mark my words, there are people out there who have somehow had a bad experience with your company (fair or not) and will happily tell you to your face that your product or service “fucking sucks”. Remember that one or a few data points don’t make a trend, but it’s helpful to understand your customers’ emotions and what they like and dislike about your company. I promise this: you will be amazed at how many industry-leading companies have spawned huge communities of people who despise them. Right now, you’re probably thinking, “Sure, but not company x.” Yep. Them too.

Customer mix imbalance – Sometimes the customers you want aren’t the ones you’ve got. Depending on the kind of business you’re in, that can impact the viability of the company overall as well as its ability to attract both future customers and employees.

Market awareness – The company may be struggling to make itself known to customers. Internally, the talk might be about success stories and the customers you’ve acquired, but how many of the potential customers you want know about your company? Again, this is common at startups and young companies.

Scalability – The company may seem like it’s humming along, but will the operation break down when you want to expand? The signs of strain may already be present. Perhaps it’s overworked people holding together the customer support process or something similar through herculean effort. If a process is painful today, it will usually be more painful when the business gets larger. The business model needs to be able to scale up with the business, or you’ll be in real trouble when those stressed-out, overworked people holding things together start quitting.

Partner issues – Your company may have a supply chain that involves many different businesses to make your product. Or you may partner with other companies to bring your product or service to market. Partnerships create opportunities, but they also create vulnerabilities for companies when certain partners for whatever reason can no longer be relied upon.

Hiring & retention – Is the organization losing lots of experience or having trouble filling key roles, particularly at executive levels? Are the most talented people leaving? When you look around, do you see more “A” players joining or leaving?

Brand strength – Is your company’s brand as strong as the company generally thinks it is, or perhaps as strong as it used to be? Are sales people well-equipped to close new business, and do they have the tools they need to succeed? Is the company is better at making products than it is at marketing them? If you have a sizable advertising presence, is the company image solidly in place, or are you cycling through different identities, disorienting employees and customers alike?

People/Morale – People issues come in many forms, but start by looking around and asking yourself if people are excited to come to work. Are they engaged in what they’re doing and enthusiastic about the mission, or is it just a job? Do you and your colleagues have compelling career paths? Is the organization good at building leaders from within, and do managers show commitment to furthering their direct reports’ career development? I’ve thankfully never had to deal with this situation, but I’ve known plenty of people whose mangers clearly didn’t care whether the people reporting to them succeeded and grew or not. When management shows little or no commitment or loyalty to its people, they usually get the same in return.

Whatever you uncover, the key is to constantly ask yourself how whatever work you’re doing ties to these challenges. You’ll be amazed at how quickly you’ll see ways to have a greater impact on the business simply by being aware of these challenges. And when you demonstrate clear understanding of what matters most to the business, managers will start to trust your judgment. Remember, earning trust isn’t just about being smart or even necessarily making the right decision. It comes down to showing someone that nine times out of ten, you’ll make the same decision they would. Opportunities, mentorship, and other good things follow when people in charge trust your judgment.

TVworkshop Corporate Team Building Asia claim pic community integration fund

How to get the (CIF) Community Integration Fund!

You did your check if you qualify, see above: Criteria for getting CIF (Community Integration Fund Claim) and how to claim it? Your team building event is more than 6-8 weeks away. The issues you want to solve in your companies are clear and a team building activity is found. The proposals are received and discussed with the management or board.

Contact SNEF or NIC to get the application form in Microsoft excel format. Fill it up with your integration objectives and details such as activity details, participants demographics etc and submit it. There is a possibility that you get back the form of SNEF for improvement on effectiveness. Customize the application together with your vendor and if the vendor is not familiar with the CIF, get in touch with a SNEF consultant for more information and guidance. Modify the application to their needs and submit it again.

Now you have to wait for the notice of approval and normally it will come 1 week for the start of the event. By letter they inform you the percentage of funding and the amount of Dollars you get back. Wait for celebrating because this is still not a guarantee that you get it. The important fact of prove of succes is now coming up. Execute the activity as planned and confirm with you vendor that there is enough material for this “proof of succes”. Make pictures during the event. Hire someone for filming the event. Get reviews back of the people on paper or visual. Try to translate the learning outcome in some kind of end result you can show physically. Doing a team building organized by the TVworkshop makes it easy because we are the visual expert and you always get a visual outcome/end result which contains the problem/solving issues for showing to SNEF.

You will receive a list of forms to prepare for submission. An experienced vendor may be able to guide you. TVworkshop Asia will largely assist you with most of these forms. Check for reimbursement via GIRO +/- 30 days later!

Take a look at our website which film team building ideas we have for your event!

TVworkshop Corporate Team Building Asia claim pic community integration fund

Subsidising Training Costs with PIC!

First a note on forehand about the PIC claims. The last year the control by governments regarding the PIC claims is more stringent because of the fraude cases. We help you with claiming the PIC but when we notice fraud during the processing we will be obliged to file a police report. We do not want to get involved with this kind of business. 

Take a look at the following article written in the strait times about the fraud!

As you read already: 

Who can use it:

  • Singapore-based businesses | 30%+ Singaporean shareholding.
  • 3+ local employees with CPF in qualifying quarter | <200 employees
  • Revenue less than $100 million
  • Incurred at least $400 in qualifying expenses

Where can you use it for:

  • IT/Automation equipments
  • Training
  • Getting IP rights
  • Registering IP
  • R&D
  • Design

How much can you get back?

  • Up to 400% tax deduction/allowances or 40% cash payout

We can help you with claiming PIC in the field of training purpose.  As a result of the long-term positive effect of corporate team bonding and development programs for both the company and the employees, the Singapore government has launched the Productivity and Innovation Credit Scheme (PIC).

PIC encourages multinational corporation (MNC) and local small and medium enterprises (SMEs) to undertake these team bonding workshops for their employees.

PIC is a grant introduced during the 2010 Singaporean budget that aims to support companies to train their employees by subsidizing part of the cost.

For YA2013 – YA2015, your business can enjoy PIC Bonus (with a dollar to a dollar matching) on top of the existing 400% tax deduction / allowances and/or 60% cash payout.

In Singapore, corporate team building consultancy companies are consistently growing and have many innovative team building activities. Our company, a people development training, and consultancy company, aims to ensure that both MNC and locally grown corporations undergo team enhancement seminars, and interactive events reap the maximum benefit of these sessions.

Teams, though may have similar functions in nature, may need entirely different programs depending on the team member’s strengths and weaknesses, organization mission and goals, and also the core group dynamics that needs to be improved.

Training of employees to improve efficiency at work

You can claim PIC Benefits on training of your employees for the purposes of the trade and business

External Training

– Training of your employees by external service providers. Qualifying Training costs: Course Fees.

In-house Training

– Training of your employees by your in-house trainers. Qualifying Training costs: Salary and other remuneration paid to in-house trainers for conducting the training.

Other Qualifying Training costs include rental of training facilities for the training, training materials, stationery, meals and refreshments provided during the training.

* Subject to certain terms and conditions.

Our PIC consultants and advisors will help identify these points and help develop the appropriate training program for optimal gain.

Our professional trainers will assist teams to bring the best of these programs by offering advice from their vast experiences for a more fun, interactive and lively development session.

Team Building Programs and Team Learning workshops, which local government is providing financial subsidies, have indeed provided employees with life-long developments and this is a worthwhile investment for the enterprises in Singapore.

“If everyone is moving forward together, then succes takes care of itself”
– Henry Ford –