Childcare Industry Grows in Singapore Essay

1078 Words 5 Pages
Step 1: Risk Identification Step 2: Risk Assessment Step 3: Risk Management
List of Possible Risks Arise From "Likelihood
H/M/L" "Impact
H/M/L" "Risk Priority
H/M/L" Describe the risks Describe how to control the risk Team Responsible
Strategic Customer Changes M M L Due to the increasing demands for childcare services, there will have about 200 more childcare centres to be built in the next 5 years. This has led to a greater competition in the childcare industry. Singapore government is willing to provide funds to those employers or building owner, who intend to set up child care centre for the first time. "Parenting is a very important aspect of work-life balance. Setting up the child care centre in the workplace allows the parents
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Step 1: Risk Identification Step 2: Risk Assessment Step 3: Risk Management
List of Possible Risks Arise From "Likelihood
H/M/L" "Impact
H/M/L" "Risk Priority
H/M/L" Describe the risks Describe how to control the risk Team Responsible
Strategic Customer Changes M M L Due to the increasing demands for childcare services, there will have about 200 more childcare centres to be built in the next 5 years. This has led to a greater competition in the childcare industry. Singapore government is willing to provide funds to those employers or building owner, who intend to set up child care centre for the first time. "Parenting is a very important aspect of work-life balance. Setting up the child care centre in the workplace allows the parents to come down and watch their kids perform or do their activity, and can go back to work right after. It is an effective strategy to attract and retain talent. It allows employees to bond with children & attracts more women back into the workforce. It has created a satisfaction among the parents. Our services help the firm to reduce staff turnover and absenteeism and allow the parents to perform well in their work. There will be a growing demand for child care centres in the workplace. In the academic area, children have opportunities to attend advanced studies in the arts and sciences found at institutions of higher learning. This will help us to build up a good reputation with unique services, which allows us to keep expanding our
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