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Singapore is an international business hub where many big companies have their APAC headquarters. The talent here is comparable with the likes of Silicon Valley; leaders come to Singapore to fill senior leadership positions and high-skill roles. Combined with its convenient geographical position, stable reputation, and ease of access into regional economies, these factors bolster Singapore's attractiveness as Southeast Asia's leading business hub.
In-Demand Roles
Titles like "Mr." and "Ms." are still common in formal settings, particularly in traditional industries. However, many companies, especially international and creative sectors, are moving towards a more casual and friendly approach in addressing colleagues.
Singapore's workforce is a blend of different ethnicities and nationalities. This diversity makes inclusiveness and respect for cultural differences essential, promoting teamwork and open communication in the workplace.
Punctuality is highly valued in Singapore's work culture. Meetings, deadlines, and project timelines are closely adhered to, reflecting the nation's reputation for efficiency and professionalism.
While hard work is important, there is a growing focus on achieving work-life balance. Flexible working hours and wellness initiatives are increasingly common, showing a shift towards supporting employees' long-term well-being.
Employment agreements should be drafted in the English language. In Singapore, there are typically two types of employment agreements:
While there is no maximum probationary period mandated by law, the common practice is to have a probationary period of 3 months
Employees covered by the Employment Act are subject to a work limit of 44 hours per week and 8 hours per day
Singapore observes 11 public holidays a year. Employees who work on a public holiday must receive an extra day's salary or leave day in lieu.
Annual Leave
Special Leave
Medical Leaves
| Contribution Type | Details |
|---|---|
| Employee Monthly Contribution | 17% of monthly salaries, up to SGD 6,000 |
| Skill Development Levy (SDL) | 0.25% of total wages, with a minimum of SGD 2 and a maximum of SGD 11.25 per employee/month |
| Chargeable Income (SGD) | Exempt from Tax | Exempt Income (SGD) |
|---|---|---|
| First 10,000 | 75% | 7,500 |
| Next 190,000 | 50% | 95,000 |
| Total | 102,500 |
| Chargeable Income (SGD) | Exempt from Tax | Exempt Income (SGD) |
|---|---|---|
| First 100,000 | 75% | 75,000 |
| Next 100,000 | 50% | 50,000 |
| Total | 125,000 |
| Taxable Income Band (SGD) | National Income Tax Rates |
|---|---|
| 1 – 20,000 | 0% |
| 20,001 – 30,000 | 2% |
| 30,001 – 40,000 | 3.50% |
| 40,001 – 80,000 | 7% |
| 80,001 – 120,000 | 11.50% |
| 120,001 – 160,000 | 15% |
| 160,001 – 200,000 | 18% |
| 200,001 – 240,000 | 19% |
| 240,001 – 280,000 | 19.50% |
| 280,001 – 320,000 | 20% |
| 320,001+ | 22% |
| Employee Age Group | CPF Contribution Rate |
|---|---|
| 55 & below | 20% |
| 55 to 60 | 14% |
| 60 to 65 | 8.50% |
| 65 to 70 | 6% |
| Above 70 | 5% |
While not required by the Employment Act of Singapore, it has become common practice to give an annual bonus equivalent to at least 1 month's salary (13th month payment)
