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Compensation and Benefit

Working Hours

Standard working hours are Up to 9 hours per day or 44 hours a week. The standard workweek is from Monday to Friday.

Public Holidays

Annual Leave

Full-time employees are entitled to 7 days of paid time off (PTO) a year. PTO accrues monthly 0.58 days per month. Employees are eligible for annual leave after 3 months of work. Employees are entitled to one additional day for each year of service until reaching 14 days.

Sick Leave

Employees are entitled to paid sick leave for up to 14 days provided they have worked for at least 3 months. The number of sick days varies depending on the length of service. Employees will receive 100% of their salary while on sick leave paid by the employer.

Employees are also entitled to paid hospitalization leave for up to 60 days provided they have worked for at least 3 months. The number of sick days varies depending on the length of service. Employees will receive 100% of their salary while on sick leave paid by the employer

Maternity Leave

Pregnant employees who have worked for 3 consecutive months are entitled to 16 weeks of paid leave. 4 weeks must be taken before the child's birth and 8 weeks after the birth. The remaining 4 weeks can be used as the employee wishes. The employee will receive 100% of their average salary during this period, and the employer will be responsible for the first 8 weeks and Social Security for the second 8 weeks.

Paternity Leave

Employees who have worked for 3 consecutive months are entitled to 2 weeks of paid paternity leave. The 2 weeks must be taken continuously anytime within the 16 weeks of maternity leave. The employee will receive their normal salary capped at $2500 per week and Social Security will be responsible for this pay.

In Singapore, no law covers parental leave. However, fathers are entitled to share 4 weeks of the mother's 16 weeks of maternity leave. The employee will receive their normal salary capped at $2500 per week

Family Leave

Tax

Individual Income Tax Rate

The individual income tax ranges from 0% to 22%

VAT Rate: 7%

Retirement Age: 63

Policy of Termination & Severance

The minimum notice period is 1 day and will be increased according to the length of the employment.

1 day if the length of service is less than 26 weeks

1 week if the length of service is between 26 weeks and 2 years

2 weeks if the length of service is between 2 years and 5 years

4 weeks if services if longer than 5 years

Main Types of VISAs

Work permits are required in Singapore; however, the type of permit required is based on the person’s skills. A person with a degree, professional qualifications, or specialist skill will need an Employment Pass to work in Singapore.

In contrast, a Work Permit is required for other skilled or unskilled foreign workers. The Singapore Ministry of Manpower (MOM) is responsible for issuing of all types of Employment Passes.

Different types of Employment Passes may be issued depending on the applicant’s salary, but the basic procedures remain the same. An Employment Pass is set by the individual and the company they work for. If an Employment Pass holder wants to change jobs, the employer will have to cancel the existing EP, and the new employer will have to apply for a new one. The Employment Pass must also be cancelled if the holder ceases employment in Singapore or obtains Permanent Resident status.

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