Are you having challenges to hire and manage employees in Singapore?
Tap onto a wider talent pool in Singapore to fast track your business expansion.
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.
We provide a comprehensive employment solution, so you can focus on your core business while we take care of the rest.
Why Choose Our Employer of Record Solution?
1. Compliance with local employment laws
2. Reduced hiring time and cost
3. Minimized legal and financial risks
4. Dedicated HR support and expertise
5. Seamless onboarding and payroll management
6. Access to a wider talent pool
How Our Employer of Record Solution Works?
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.
Why Choose Us as Your Employer of Record?
1. Price transparency
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
2. Compliance
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
3. Advisory
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.
Get Started Today : 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.
Contact us today to learn more and get started.
Singapore Country Overview
Singapore is a small island city-state located in Southeast Asia. Singapore 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.
Capital City
Singapore
Currency
SGD (Singaporean Dollar)
Principal Language
English, Malay, Mandarin, and Tamil
Government
Parliamentary system
Employment Contracts
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.
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.
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.
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.
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.
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.
Working Hours
The standard working hours in Singapore are 44 hours per week, as set by the Ministry of Manpower (MOM).
Public Holidays
In Singapore, there are 11 public holidays each year, as declared by the Ministry of Manpower. These public holidays are:
1. New Year’s Day – 1st January
2. Chinese New Year – two days in January or February, depending on the lunar calendar
3. Good Friday – the Friday before Easter Sunday, usually in March or April
4. Labour Day – 1st May
5. Vesak Day – in May or June, depending on the lunar calendar
6. Hari Raya Puasa – one day in May or June, depending on the lunar calendar
7. National Day – 9th August
8. Hari Raya Haji – one day in July or August, depending on the lunar calendar
9. Deepavali – one day in October or November, depending on the lunar calendar
10. Christmas Day – 25th December
11. Boxing Day – 26th December
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:
1. New Year’s Eve – 31st December, for government and statutory board employees
2. Chinese New Year Eve – one day in January or February, depending on the lunar calendar, for employees in the Chinese community
3. Good Friday Eve – the Thursday before Good Friday, for employees in the Christian community
4. Deepavali Eve – one day in October or November, depending on the lunar calendar, for employees in the Indian community
Employee Benefits
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.
Find out about AYP’s total workforce management solution today!
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