Simplify Expansion & Compliance with Glints EOR in Singapore
Effortlessly handle payroll, compliance, and benefits for your team in Singapore with our comprehensive Employer of Record (EOR) service
Our expert solutions in Singapore streamline every aspect of employment management, optimizing your operations seamlessly.
Simplify Expansion & Compliance with Glints EOR in Singapore
Effortlessly handle payroll, compliance, and benefits for your team in Singapore with our comprehensive Employer of Record (EOR) service
Our expert solutions in Singapore streamline every aspect of employment management, optimizing your operations seamlessly.
Expand Seamlessly in Singapore with Glints EOR
Expanding your business into Singapore involves understanding local employment laws, payroll systems, and tax regulations. Our EOR services manage all aspects of compliance, payroll, and benefits, making the expansion process much smoother. This allows you to hire and manage your team efficiently while focusing on growing your business in Singapore.
In Singapore, employers have the flexibility to choose between indefinite and fixed-term contracts. Indefinite contracts do not specify an end date, offering long-term employment stability, whereas fixed-term contracts are set for a specific duration and are used typically for project-based or seasonal work. This flexibility allows employers to tailor employment agreements to the specific needs of their organization and the roles they are looking to fill.
While not legally mandated, the common practice in Singapore is to employ a probationary period, typically lasting three months. This period is crucial for both the employer and the employee to assess mutual fit. During this time, employers can evaluate the employee's performance, work ethic, and integration into the company culture, while employees can determine if the job meets their career goals and workplace expectations.
Singaporean law requires that salaries be paid at least once a month, and no later than 7 days after the end of the salary period. This regulation ensures that employees receive timely payments, which is essential for their financial stability and trust in their employer's reliability.
The Central Provident Fund (CPF) is a mandatory pension fund scheme in which both employers and employees must contribute a set percentage of the monthly salary. This fund is pivotal in providing for the employees' retirement, healthcare, and housing needs.
The contributions are scaled according to age and salary bands, ensuring that the system is equitable and supports individuals throughout their employment and into retirement.
Under the Employment Act, employees are limited to a maximum of 44 hours per week, with a standard day capped at 8 hours. This regulation aims to prevent overwork and ensures employees have sufficient rest, contributing to a healthier work-life balance.
Additionally, employees are entitled to 11 public holidays annually, and if required to work on a holiday, they must be compensated with an extra day’s salary or a day off in lieu, promoting fair treatment
Extended Leave Entitlements
Starting from the first year of employment, employees are entitled to a minimum of 7 days of annual leave, with an additional day added each year up to the eighth year, where it caps at 14 days. Beyond annual leave, special provisions cover maternity, paternity, childcare, and other forms of leave such as adoption and compassionate leave.
These benefits underscore Singapore's commitment to supporting employees' personal and family needs alongside their professional commitments
Termination procedures in Singapore require a formal notice to be issued by either party. This notice must be in writing and should specify the reasons for termination, ensuring transparency and a record for future reference. This process helps protect the rights of both the employer and the employee, providing a clear basis for the termination and any potential disputes.
While Singapore does not generally mandate severance pay, employers often develop internal policies that may provide severance as part of the employment contract, especially in cases of redundancy or company restructuring. These policies help maintain a positive workplace environment and offer support to employees transitioning out of the company.
Get Started with Glints EOR Solutions in Singapore
Looking to streamline your team management in Singapore? Explore how our EOR services can enhance your operations, ensuring efficiency and compliance without the complexities.
Dive into the advantages of choosing EOR in Singapore with us.