PREPARE™ (Programme for Re-Employment Practices: A Roadmap for Employers)
- GET PAID TO BE PREPARED!

With an ageing workforce and an increase in life expectancy (≥80 years old), Singapore would have a population of 500,000 above 65 as compared to the 300,000 in 2007 by 2020. With that, these people would need to extend their service to the workforce in order to have sufficient funds for old age.

As part of its effort to help older employees remain economically productive, the Government will enact re-employment legislation by 2012 to enable more people to continue working beyond the current statutory retirement age of 62, up to 65 in the first instance and, later, up to 67.

Designed to assist companies to be ready for the impending legislation, PREPARE™ provides guidance in implementing re-employment as an integral part of a company’s HR system.

The programme adopts a comprehensive and integrative approach to the implementation of re-employment by focusing on six main HR practices under one strategic framework.

Capability Development Grant
Specially designed for SMEs, the grant is part of an initiative developed by Singapore Workforce Development Agency (WDA) in partnership with the Tripartite Partners to help companies put in place a HR system to facilitate practices in preparation for the re-employment legislation.

Companies can tap on $10,000 from the Capability Development Grant to defray some of the costs incurred in implementing a HR system to support re-employment.

For more details, please email us at prepare@asme.org.sg or contact us at 6513 0367 / 68 / 76.