Discover how having an Employer of Record (EOR) in Singapore helps businesses hire employees quickly & efficiently so you can expand your business smoothly without interruption
This is a common struggle for many high growth companies due to the language barriers, cultural differences and the complex, ever-changing employment laws. Look no further than our employer of record solution.
Sit back while focus on your core business while we take care of the rest.
Got a great business idea and looking to hire employees in Singapore? AYP Group (AYP) has got your back! Our Singapore EOR helps you hire employees quickly and efficiently, so you can focus on your business goals.
Forget about the lengthy and expensive process of setting up a legal entity – we’ll take care of all the HR, benefits, payroll, and tax needs for the employees.
Compliance with local employment laws
Reduced hiring time and cost
Minimized legal and financial risks
Dedicated HR support and expertise
Seamless onboarding and payroll management
Access to a wider talent pool
Our process is simple and efficient. First, we hire the employee on your behalf and become their official employer.
Then, we manage all legal and administrative tasks, including payroll, taxes, benefits, and compliance.
Finally, we work closely with you to ensure a smooth and successful onboarding process.
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
With our platform, you have access to local compliance experts who can guide you through the complexities of managing a distributed workforce, ensuring that you stay compliant with local laws and regulations.
Don’t let the complexities of employment laws in Singapore slow down your business growth. Choose our employer of record solution and simplify your hiring process.
Singapore is a small island city-state located in Southeast Asia. It is a highly developed country and one of the most prosperous nations in the world. It has a population of around 5.7 million people, with Chinese, Malay, and Indian ethnic groups forming the majority.
Singapore has a highly developed economy with a strong emphasis on trade and services. Its major industries include electronics, pharmaceuticals, biomedical sciences, and tourism.
The country has a highly skilled and educated workforce, and its government has implemented policies to promote innovation and entrepreneurship.
Singapore
SGD (Singaporean Dollar)
English, Malay, Mandarin, and Tamil
Parliamentary system
In Singapore, there are several types of employment contracts that are commonly used by employers, depending on the nature of the work and the duration of the employment. These include:
1.Permanent employment contracts
This is the most common type of employment contract in Singapore, and it is used for long-term or ongoing employment. It is typically a written agreement that outlines the terms and conditions of employment, such as salary, benefits, hours of work, and notice period.
Â
2. Fixed-term employment contracts
This type of contract is used for a specific period of time, and it is typically used for temporary or project-based work. The contract will specify the duration of the employment, and may also include details such as salary, benefits, and the nature of the work to be performed.
Â
3. Part-time employment contracts
This type of contract is used for employees who work fewer hours than full-time employees, typically less than 35 hours per week. Part-time employees are entitled to certain benefits and protections under Singaporean labor laws, including sick leave and annual leave.
Â
4. Temporary employment contracts
This type of contract is used for short-term or casual work, typically lasting for a few days or weeks. Temporary employees are entitled to certain benefits and protections under Singaporean labor laws, including minimum wage and rest periods.
Â
5. Probationary employment contracts
This type of contract is used for new employees who are undergoing a probationary period, typically lasting for three to six months. The contract will specify the duration of the probationary period, and may also include details such as salary, benefits, and the nature of the work to be performed.
Â
6. Outsourced employment contracts
This type of contract is used when an employer outsources work to a third-party provider, such as a staffing agency or a subcontractor. The contract will specify the terms and conditions of the outsourced work, and may also include details such as payment terms and service level agreements.
The standard working hours in Singapore are 44 hours per week, as set by the Ministry of Manpower (MOM)
In Singapore, there are 11 public holidays each year, as declared by the Ministry of Manpower. These public holidays are:
In addition to these public holidays, there are also four other days that are recognized as holidays for certain sectors or communities in Singapore. These include:
In Singapore, the main social security organizations are the Central Provident Fund (CPF) and the Skills Development Fund (SDF)
The CPF is a mandatory savings scheme that is designed to help Singaporeans save for retirement, healthcare, and home ownership. Employers are required to contribute a percentage of their employees’ salaries to the CPF on a monthly basis.
The contribution rates are based on the employee’s age and monthly salary, and range from 17% to 37%. In addition, employees are also required to contribute a portion of their salaries to their own CPF accounts.
The SDF is a government-run fund that supports training and development for Singaporean workers. Employers are required to contribute to the SDF on a monthly basis at a rate of 0.25% of their employees’ salaries.
The funds are used to support workforce training and development programs, such as skills upgrading and professional development.