Tag: SME support

Poor employee mental health costs Singapore employers an estimated SGD 15.7 billion annually in reduced productivity and absenteeism, highlighting the critical need for strategic investment in mental well-being programs. Singaporean SMEs can leverage various government grants to offset the costs of implementing such vital training.

Singaporean SMEs can leverage the Enterprise Development Grant (EDG) to support initiatives aimed at enhancing employee mental wellbeing, with up to 50% of eligible costs covered. This grant helps businesses address the growing priority of workforce mental health, as identified by the World Economic Forum.