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Human Resource Audit 

What is Employee Engagement and Why it is Essential to the Growth of a company?

Employee engagement describes people who are committed to their work and has a positive attitude towards the organisation and its values. Engaged employees are motivated to do well and are emotionally invested in their work. They are dedicated to their company and role, which makes them passionate about their work.  

Top 4 Reasons For Employee Engagement:

R

Boosts productivity and decreases absenteeism

Reports have shown that employees who are personally invested in their roles are more productive than those who aren’t 

R

Enhances company culture

Engaged employees are likely to improve the overall morale in the workplace and positively affect other employees as well. 

R

Increases customer satisfaction

Engaged employees who are passionate about what they do are more inclined to deliver better customer experience and increase satisfaction, as they are highly likely to believe in the product/service they are selling and strives to obtain more customers for the company.  

R

Increases retention rate

Employees who are engaged are highly involved and invested in their roles. Hence, they are less likely to leave their jobs. If your company is dealing with low retention rates, it is crucial to find out the reasons why it may be so. When the best people at your company leaves, other employees will notice and you do not want a ripple effect. 

Forbis’ HR Internal Audit 

Assess current HR situation

ForBis assesses the current HR situation by conducting SWOT Analysis to analyse the company’s internal current capabilities and external environment, as well as developing skills inventory for employees through employee surveys.

This helps ForBis to understand the company’s internal and external environment as well as their current employees before deciding whether to hire new talents.

Forecast future HR requirements

ForBis understands the importance of forecasting future HR requirements so as to link its company’s demand for quality employees with the supply available in the market.

It is important to forecast demand: the number of employees needed to meet the company’s current and future needs so that ForBis will prevent over/under-hiring. Furthermore, the supply of employees is also essential for ForBis to look for potential candidates outside of the company who can meet the needs not fulfilled by current employees.

Review and evaluate HR plan and progress

ForBis makes use of balanced scorecards and/or benchmarks to conduct quarterly/annual reviews. The purpose of quarterly/annual reviews helps ForBis to assess if its HR Strategic Planning is running smoothly and on track towards achieving key goals. If it is not, ForBis will take appropriate and corrective actions to better suit the company’s needs. The review session provides opportunity for ForBis to identify and adjust to significant internal or external changes that may affect the HR strategic plan.

Job Redesign (JR)

JR requires organizations to re-look at what and how work should be allocated in a job. JR could be done through the modification of job tasks, duties and/or responsibilities, with the aim to optimise limited manpower without compromising service standards. ForBis professionals are equipped to make this process simpler for you. 

Why You Should Choose ForBis

ForBis professionals frequently attend seminars- Continuing Professional Development (CPD), Data Protection Courses, to keep themselves updated with current trends of employee engagement. 

We’re also focused on engaging and implementing HR Strategic Planning -the process of identifying a company’s long-term HR goals and determining the best ways to achieve them, through HR Internal Audit and Advisory Reporting. 

Benefits of HR Strategic Planning:

  • Provides guidance for future training and development programs
  • Eliminate disruptions and achieve efficiency to meet long term HR objectives
  • Keep employees focus on the right sense of direction to complete their work
  • Improve communication and relationship between employees and employers

HR strategic planning is important as it helps companies to document and standardise their HR process. It also allows companies to easily evaluate which part of the HR practices requires improvement. ForBis comprises HR experts who execute HR activities in a strategic manner, hence, companies can engage ForBis to advise them on Internal HR Audit and Advisory Reporting while developing a strategic roadmap for the company.

Enterprise Development Grants (EDG) 

The EDG supports Singapore companies in their growth and transformation. EDG mainly supports projects that help companies to upgrade their businesses, innovate, expand/venture into other countries, under three pillars, namely Core Capabilities, Innovation and Productivity as well as Market Access.

EDG funds qualifying project costs (e.g. third party consultancy fees, software and equipment, and internal manpower) for organizations. 

EDG helps companies to strengthen their HR capabilities by providing support levels of up to 80% for SMEs, up to 60% of qualified costs for non-SMEs from 1st April 2020 to 31st December 2020. However, EDG does not cover costs incurred from standalone training courses, incentives, benefits and welfare subsidies for employees.

EDG provides resources such as HR Diagnostic Tool, HR Portal, Talent Attraction and Development Initiatives, as well as HR Industry Manpower Plan, which helps to further engage employees. 

 

For more information, read more here. 

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

The post Human Resource Audit appeared first on ForBis Accounting.

]]> HR Strategy https://forbisaccounting.com/project/advisory-hr-strategy/ Thu, 17 Sep 2020 07:23:41 +0000 https://forbisaccounting.com/?post_type=project&p=6963 The post HR Strategy appeared first on ForBis Accounting.

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Advisory- Human Resource (HR) Strategy

What is Employee Engagement and Why it is Essential to the Growth of a company?

Employee engagement describes people who are committed to their work and has a positive attitude towards the organisation and its values. Engaged employees are motivated to do well and are emotionally invested in their work. They are dedicated to their company and role, which makes them passionate about their work.  

Top 4 Reasons For Employee Engagement:

R

Boosts productivity and decreases absenteeism

Reports have shown that employees who are personally invested in their roles are more productive than those who aren’t 

R

Enhances company culture

Engaged employees are likely to improve the overall morale in the workplace and positively affect other employees as well. 

R

Increases customer satisfaction

Engaged employees who are passionate about what they do are more inclined to deliver better customer experience and increase satisfaction, as they are highly likely to believe in the product/service they are selling and strives to obtain more customers for the company.  

R

Increases retention rate

Employees who are engaged are highly involved and invested in their roles. Hence, they are less likely to leave their jobs. If your company is dealing with low retention rates, it is crucial to find out the reasons why it may be so. When the best people at your company leaves, other employees will notice and you do not want a ripple effect. 

What ForBis Can Do For You

ForBis professionals are qualified to formulate and develop talent strategies

Recruitment

Selection

Hiring

Employee Benefits

Performance Management

Employee Relationships

Training & Development programmes

Campus Branding

Why You Should Choose ForBis

ForBis professionals frequently attend seminars- Continuing Professional Development (CPD), Data Protection Courses, to keep themselves updated with current trends of employee engagement. 

We’re also focused on engaging and implementing HR Strategic Planning -the process of identifying a company’s long-term HR goals and determining the best ways to achieve them, through HR Internal Audit and Advisory Reporting. 

Benefits of HR Strategic Planning:

  • Provides guidance for future training and development programs
  • Eliminate disruptions and achieve efficiency to meet long term HR objectives
  • Keep employees focus on the right sense of direction to complete their work
  • Improve communication and relationship between employees and employers

HR strategic planning is important as it helps companies to document and standardise their HR process. It also allows companies to easily evaluate which part of the HR practices requires improvement. ForBis comprises HR experts who execute HR activities in a strategic manner, hence, companies can engage ForBis to advise them on Internal HR Audit and Advisory Reporting while developing a strategic roadmap for the company.

Enterprise Development Grants (EDG) 

The EDG supports Singapore companies in their growth and transformation. EDG mainly supports projects that help companies to upgrade their businesses, innovate, expand/venture into other countries, under three pillars, namely Core Capabilities, Innovation and Productivity as well as Market Access.

EDG funds qualifying project costs (e.g. third party consultancy fees, software and equipment, and internal manpower) for organizations. 

EDG helps companies to strengthen their HR capabilities by providing support levels of up to 80% for SMEs, up to 60% of qualified costs for non-SMEs from 1st April 2020 to 31st December 2020. However, EDG does not cover costs incurred from standalone training courses, incentives, benefits and welfare subsidies for employees.

EDG provides resources such as HR Diagnostic Tool, HR Portal, Talent Attraction and Development Initiatives, as well as HR Industry Manpower Plan, which helps to further engage employees. 

 

For more information, read more here. 

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

The post HR Strategy appeared first on ForBis Accounting.

]]> Business Process Audit https://forbisaccounting.com/project/business-process-audit/ Thu, 17 Sep 2020 04:09:39 +0000 https://forbisaccounting.com/?post_type=project&p=6886 The post Business Process Audit appeared first on ForBis Accounting.

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Business Process Audit 

The Significance of a Business Process Audit

A business process audit examines the company’s business processes to figure out what works well and what needs improving, taking into account the strategic objectives and goals of the company. 

Businesses today face a highly competitive environment. To stay relevant and competitive, companies must constantly improve their processes. A business audit also helps to lower costs, gain higher revenues, improve employee engagement and customer satisfaction. 

Objectives

  • Eliminate inconsistencies and strengthen operation capabilities
  • Continuous improvement process
  • Discover new ways to improve business practices 
  • Provide greater transparency across all levels of management 
  • Complementing manpower through automation 

 

Why you should choose Forbis 

Our professionals at Forbis have at least 10 years of experience in business process audit and project management. We are able to provide holistic audits that include finance and process efficiency. Risk analysis will be done before embarking onto new projects. 

We work closely with partners who are certified Project Management Professionals (PMP) and Practicing Management Consultant (PMC).

Enterprise Development Grant (EDG)

The EDG supports Singapore companies in their growth and transformation. EDG mainly supports projects that help companies to upgrade their businesses, innovate, expand/venture into other countries, under three pillars, namely Core Capabilities, Innovation and Productivity as well as Market Access.

EDG funds qualifying project costs (e.g. third party consultancy fees, software and equipment, and internal manpower) for organizations. 

EDG helps companies to strengthen their HR capabilities by providing support levels of up to 80% for SMEs, up to 60% of qualified costs for non-SMEs from 1st April 2020 to 31st December 2020. However, EDG does not cover costs incurred from standalone training courses, incentives, benefits and welfare subsidies for employees.

EDG provides resources such as HR Diagnostic Tool, HR Portal, Talent Attraction and Development Initiatives, as well as HR Industry Manpower Plan, which helps to further engage employees.  

For more information, read more here. 

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

The post Business Process Audit appeared first on ForBis Accounting.

]]> Business Strategy https://forbisaccounting.com/project/business-strategy/ Thu, 17 Sep 2020 04:07:18 +0000 https://forbisaccounting.com/?post_type=project&p=6896 The post Business Strategy appeared first on ForBis Accounting.

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Advisory- Business Strategy 

A business strategy is a formal set of competitive moves and actions that helps your company reach its business goals. Strengthening company performance, increasing customer base and securing a competitive position in the market is just the tip of the iceberg when it comes to business strategies. 

Business strategies outline how a business should be carried out to reach its goals. However, when market conditions take an unanticipated turn, it calls for the company to come up with strategies to cope with the situation.

The Importance of Good Business Strategies

Planning

A good business plan helps you identify the key steps you will take to reach your business goals.

New Business models

Identifying new streams of revenue, redefining productivity in the organisation, reconceiving products and markets, enabling local cluster development.

Efficiency

A business strategy allows you to effectively allocate resources for your business activities, which automatically makes you more efficient.

Operational Controls

It gives you more control over the activities you’re performing to reach your organizational goals, as you understand the path you’re taking and can easily assess whether your activities are getting you close to your goals.

Strengths and weaknesses

The process of creating a business strategy allows you to identify and evaluate your company’s strengths and weaknesses, creating a strategy that will capitalize on your strengths and overcome or eliminate your weaknesses.

Competitive advantage

By identifying a clear plan for how you will reach your goals, you can focus on capitalizing on your strengths, using them as a competitive advantage that makes your company unique

(Information Adapted from Indeed)

What We Can Do For You 

With ForBis Accounting’s wealth of experience in developing holistic business plans, your company will be geared towards maximising short-term and long-term profitability, ensuring steady growth for the business. 

ForBis Professionals are Trained to Produce:

Sustainability reports and Planning

This includes corporate social responsibility, ecological and business sustainability.

Market Entry Planning

Entering a new market can be tricky and filled with uncertainties, our Professionals at ForBis are qualified to analyse risks and make your market entry a smooth one.

Investment Projection and Decision Making

Calculating risks and returns for upcoming projects is crucial to make sure that the money allocated has the lowest opportunity cost. 

Succession Planning

Identifying and developing a new set of leaders to spearhead the company and building a structure to promote current talents.

Corporate Restructuring

Reorganising the legal, ownership, operational or other structures of the company to make it more profitable or better organised for its present needs.

Business Process Optimisation

Increasing organizational efficiency by improving business processes.

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

The post Business Strategy appeared first on ForBis Accounting.

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