Interloop
If you are looking for an efficient way to grow your employees fast and professionally in your field? Interloop’s Employer of Record (EOR) is the most flexible, cost-effective method for both your business and employees to grow.
Singapore
Singapore dollar
(S$, SGD)
5,850,342
(Est. Dec 2020)
English, Malay, Mandarin, & Tamil
Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. According to the World Economic Forum’s Global Competitiveness Report 2019, Singapore is the world’s most competitive economy, having overtaken the United States. Singapore also ranks highly on the United Nations’ Human Development Index (HDI) and finds a place among the top 10 countries in per capita nominal GDP, as estimated by the International Monetary Fund.
Employees in Singapore typically work 44 hours a week (for a five-day workweek) or 48 (for a six-day workweek).
Employees can opt out of these provisions provided that they don’t work overtime for more than 72 hours in a month and they don’t work for more than 12 hours in any one day.
Employees are entitled to 12 paid holidays each year. If they are required to work on these holidays, they are entitled to be paid at twice the rate of their regular wage. In addition to this, they also get three special, non-working unpaid holidays.
Employees also receive five days of paid vacation leave after every 12 months of service. This is called the “service incentive leave” and can be taken as holiday or sick leave.
The duration of sick leave entitlement provided to employees in Singapore is dependent on how long they have been employed by their employer. The breakdown is as follows:
Employees are only entitled to paid sick leave if they have worked for at least three months with the employer.
Employees will be reimbursed for medical consultation fees if it results in paid sick leave.
Expecting mothers are entitled to 16 weeks of pregnancy leave as long as they have been employed for more than 3 months prior to giving birth and the child is a Singapore citizen. Companies are not allowed to terminate employment during this period.
For the first two children, the compensation for the first 8 weeks is paid by the employer and the remaining balance can be reimbursed by the government. For the third child onward, all 16 weeks of maternity leave is reimbursed by the government.
Maternity leave is 12 weeks if the child is not a citizen of Singapore.
Fathers are entitled to a paternity leave of two weeks in Singapore. In order to meet the requirements of government-paid paternity leave, the child must be a Singapore citizen and the father must have been legally married to the mother between the conception and birth of the child. Paternity leave is applicable even when the child is adopted, as long as the child is a Singapore citizen. Managers earning more than SGD 4,500 per month are covered by specific terms of the employment contract.
As per the employment act in Singapore, either party can give the other a notice to terminate the contract of employment. In the event of a termination of a local employee, the employee’s salary must be paid on the last day of employment.
In case the employee resigns without notice and no notice period is served, the employee’s salary for the period he or she worked must be settled within 7 days of the last day of employment. In case of termination due to misconduct, the employee’s salary must be settled on the last day of employment. However, if this is not possible, the employee must be paid within 3 business days.
The probation period in Singapore is optional, but three to six months is common practice.
The minimum notice periods depend on the employee’s length of service and range from one day to four weeks.
Either party can terminate the employment immediately by paying the other party a sum equal to the salary which would have accrued during the period of the notice.
Compliantly set up your new hires to work faster than ever.
Create an airtight contract according to local laws, send it for signing and complete onboarding; all within a simple, self-serve platform.
Say goodbye to manual payment for contractors and employees, complicated local taxes and troublesome payrolls!
Now you can pay your entire team every month with a single bulk payment, and Globelise will make
Imagine onboarding, contracts payroll, benefits and built-in compliance at your fingertips.
Here at INTERLOOP, we provide all the basic tools required to expand into and grow in the region. Our solutions range from providing simple company incorporation, key staffing and work force management, digital marketing solutions, tax and accounting solutions, and in-depth consultation on customized market entry analysis.
We also provide our expertise in more complex areas including formulating Go-To-Market strategies, applying for relevant government schemes and licenses, M&A advisory or business matching services, and English legal document or contract preparation, review, and negotiation.
Are you looking to expand your business into Asia? If you are looking for an efficient way to grow your employees fast and professionally in your field?
Interloop’s Employer of Record (EOR) is the most flexible, cost-effective method for both your business and employees to grow.
When you are using Interloop’s EOR & secondment services, we become the legal employer of your staff and second them back to you under a service agreement. Our EOR and secondment contract allows you to remove all the unnecessary costs and time associated with setting up and maintaining a legal entity, investing minimum capital, annual company administration, etc. – allowing you to expand into a new country in as little as 1 day.
Your people are your greatest asset and the right fit can make a massive impact on your business. We believe that borders shouldn’t hinder you to hiring the greatest talent for a specific role. We know all the struggles in international hiring and we’re here with solutions.
Our recruitment service will take care of the entire recruiting process: from recruitment planning, to searching and screening, to evaluation and control.
We will handle everything from hiring, onboarding, compliance and payroll for your contractors, so your business can take advantage of the abundance of local, skilled contractors to grow your company on a global scale.
Handling payroll in multiple jurisdictions can be time consuming, expensive and an ongoing administrative task. We will handle the payments for your employees and contractors in the country of your choice in a dependable and timely fashion.
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05. International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05. International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
