Photo Credit -tirachardz from Freepik

Employees of PSB Academy (PSBA) have been receiving a monthly inflationary assistance pay-out amounting to 4 percent of their gross monthly salary* since July this year, to assist them in coping with the rising costs of essential goods and services as well as the upcoming GST hike.  

“The monthly inflationary assistance pay-out granted for our staffs, on top of their monthly gross income is an initiative we took to support our employees in coping with the rising rate of inflation. As a progressive employer, the well-being of our people is key, and we believe that people are at the heart of the work we do here in PSB Academy,” says Derrick Chang, CEO of PSB Academy.

For Derrick Chang, CEO of PSB Academy (PSBA), company culture is not just a thing โ€“ it is everything.

“Culture is the air we breathe everyday โ€“ invisible, yet the very core of what is needed to function well,” Derrick said.

“At PSB Academy, we believe that people are at the heart of our business. Our staffs, our students, our parents, our industry partners, they make who we are today, every day.”

While the recent increasing rate of inflation worldwide took many by surprise, we take this in our stride to adapt and grow in resilience as one. Aligned to Singapore’s Forward Together exercise, PSBA strives to evolve and respond to both new opportunities and emerging challenges as an organisation. As such, we decided to take the first step forward in supporting our employees financially to assist with the rising costs of inflation.”

As early as July this year, employees of PSBA have been receiving a monthly inflationary assistance pay-out amounting to 4 percent of their gross monthly salary* to assist them in coping with the rising costs of essential goods and services as well as the upcoming GST hike.

“We have a diverse profile of workforce, ranging from first jobbers to employees with growing families and silver surfers. As a progressive and inclusive employer, we would like to assure our staffs that they are not in this alone,” the CEO explained.

“We do not regard this as an incentive or privilege, rather, as a means of support that our employees deserve, for their dedication and commitment to the education industry. We are also grateful to have a board of directors who are invested in the welfare of our people as PSBA strives as an organisation that places people at the heart of what we do.”

Adopting the Tripartite Standards as a progressive employer, PSBA’s flexible working arrangements and remote work are amongst existing HR practices that allow flexibility for all staffs, especially those with family commitments and caregiver duties. Remote work has also allowed employees to save on commuting expenses and at the same time reducing carbon emission.

“As a workplace of the future, we need to be more self-aware and proactive in ensuring that staff wellness is well taken care of. It is important that we remain committed in supporting the well-being of our colleagues and we would like to lead this by setting an example.”

As the year draws close to an end, employees of PSB Academy are also looking forward to the block leave granted by their management on the last week of December, a tradition that has long been in practice.

“It is a good way to pause, reflect and recharge, as we spend the well-deserved break amidst the year-end festive season with our loved ones.” โ€“ Derrick Chang, CEO, PSB Academy.

*Subjected to a capped amount set by PSBA’s management

-PR Newswire