The PSG Grant for HRMS helps eligible Singapore SMEs reduce the cost of implementing HR software by providing up to 50% funding support. <\/p>\n\n\n\n
If you\u2019re still managing payroll, leave, attendance, and employee records manually, this guide explains how the scheme works, who qualifies, and how to apply in 2026.<\/p>\n\n\n\n
There are a lot of other companies in Singapore that might be doing the same thing. After all, this approach is easy and inexpensive when the business is starting.<\/p>\n\n\n\n
However, these practices will become more problematic for you than helpful when your company starts to expand and grow.<\/p>\n\n\n\n
There will be payroll inaccuracies, absence tracking will be a challenge, and compliance will become difficult.<\/p>\n\n\n\n
This is the very problem that the PSG hopes to address. Through this program, your company can implement an HR software solution without paying for its entire price tag.<\/p>\n\n\n\n
PSG is a government initiative which is designed to support businesses in adopting digital tools that improve productivity. It is managed by Enterprise Singapore and it focuses on pre-approved and reliable solutions.<\/p>\n\n\n\n
For HR, this has systems that can automate payroll, manage leave, track attendance, and store employee data safely.<\/p>\n\n\n\n
One of the biggest advantages that you can get from this is the cost support. Currently, PSG covers up to 50% of the solution cost, with a funding cap of S$30,000 per company per year.<\/p>\n\n\n\n
This means that businesses no longer need to delay upgrading their HR processes due to budget concerns.<\/p>\n\n\n\n
Let\u2019s look at this from a day-to-day perspective.<\/p>\n\n\n\n
If you\u2019re handling HR manually, you are probably spending hours every week on repetitive tasks, calculating salaries, updating leave balances, checking attendance, and preparing reports.<\/p>\n\n\n\n
An HRMS simplifies all of this.<\/p>\n\n\n\n
With the right system in place, you can:<\/p>\n\n\n\n
You are eligible if:<\/p>\n\n\n\n
And most importantly:<\/p>\n\n\n\n
You must apply before making any payment to the vendor.<\/p>\n\n\n\n
This is one of the most common mistakes businesses make. Even if everything else is correct, paying early will make your application ineligible.<\/p>\n\n\n\n
Though it may appear complex initially, after breaking it down, it turns out to be rather easy.<\/p>\n\n\n\n
Select a vendor whose system is PSG approved. The system will have all the necessary features according to government standards.<\/p>\n\n\n\n
Ask for a quotation from the chosen vendor. Make sure that it is in accordance with PSG standards as any deviation will result in complications.<\/p>\n\n\n\n
Your documentation would generally include:<\/p>\n\n\n\n