Singapore is one of the world’s most prosperous nations and it has a conducive business environment, efficient legal system, highly skilled workforce, political and economic stability, as well as a very low unemployment rate. These are the pull factors for companies who choose Singapore as the nerve centre for their operations. The economy of Singapore is dominated by services, electronics and chemicals manufacturing, as well as exports. Singapore also ranks high in the Institute for Management Development (IMD) world Competitiveness Ranking.
Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Singapore. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.
Global payroll solutions make it easy to find and hire top talent in Singapore. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.
Singapore’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.
Singapore’s main labour law is the Employment Act. It provides for the basic terms and working conditions for all types of employees, with some exceptions. Companies may be subjected to workplace inspections to help businesses comply with the labour laws.
Globelise will be able to help you navigate through the employment process and so that you’ll be able to offer a competitive and compliance offer to attract and retain your employees in Singapore.
Singapore’s labour unions are designed to help Singapore stay competitive and workers remain employable. They work with the local authorities to tackle issues such as promotion of fair and progressive employment practices, flexible wage system, among other labour-related issues. Employees may seek their union for help when they feel that they are unfairly treated or have been non-compliant with their employment terms.
While it is not mandatory, the common practice of probation period is 3 to 6 months.
Company or Individuals who are looking to hire talents and run payroll globally
Talents who wants to work compliantly from anywhere