Employer Of Record (EOR) Outsourcing In Singapore

• Highly precise and well-managed EOR services
• Achieve global growth objectives
• Reduce employment and legal complications

Edge–Your Singapore Employer Of Record Partner

Singapore is one of the key business hubs in the world, providing a business-friendly environment, competent workforce, and extraordinary infrastructure. The drastic economic growth of the country has made it the most suitable location to kick-start an international business journey.

However, hiring international employees in Singapore is complicated as they follow strict local employment laws and regulations. It is very challenging to comply with acts such as the Employment Act, Central Provident Fund (CPF) Act, Income Tax Act, Work Injury Compensation Act (WICA), and so forth. Edge helps you adhere to these regulatory measures and makes hiring a global workforce easier and quicker.

We provide end-to-end employer-of-record solutions for your businesses, helping avoid the risk of grave consequences and penalties due to non-compliance with local labor laws. Apart from local employment laws compliance, international hiring is a regular task that is time-consuming and energy-draining. Edge, as your trusted employer or records service provider, will guide you all the way to help your business grow and succeed in global markets.

Our Employer Of Record Services At Your Fingertips

Singapore is ranked as one of the world’s most competitive economies, which makes it difficult for businesses to establish and sustain themselves in new global markets. Managing global team employees amidst such a competitive international market will be a bit challenging. But not with Edge as your employer of record provider. We offer effortless and seamless employer-of-record solutions in Singapore.

The local employees in Singapore are extremely educated and consistent. However, timely payroll administration, disbursement of salaries, workplace safety, and other perks are necessary to maintain the efficiency of the workforce. A healthy working environment and timely global payroll processing are the best meals for an employee. With Edge’e Global HR services, you can be sure to keep your employees satisfied.

Our employer of record services in Singapore cover everything from hiring a global workforce to drafting locally compliant employment relationship contracts, distributing wages on time, and ensuring international payroll compliance. Our experts are knowledgeable in various aspects of employment regulations in Hong Kong, such as the Central Provident Fund (CPF), foreign workers levy, skill development levy, year-end bonuses, statutory claims, and so on. We keep you updated about the amendments in the daily employee management rules and regulations and also take care of the applicable taxes and tax filings, mitigating the chances of compliance risks.

Effective Time Utilization

After you hire in Singapore, you should work on strategies to retain the global talent pool. While it is an inevitable process, it can also be time-consuming. Dedicating your local workers to preparing these strategies is injudicious. Therefore, your best bet is to reap the benefits of utilizing an employer-of-record solution that will not only make your task easier but also increase productivity. Edge can work as your global employer of record partner and is ready to help you in any way possible.

Risk Is No More A Bother

Data confidentiality is one of the most important principles that Edge upholds. The data of the employees, business, or any other sensitive data will be maintained with utmost care, and privacy will be assured by strict means. We guarantee nobody will ever be able to access the details you shared with Edge.

No More Additional Expenditures

It is absurd to keep an in-house HR and payroll department in your company. It can gain you nothing except some additional expenses. It is always economical to outsource payroll, employer of record services, and HR services. Edge is an all-in-one solution for this. We take care of your payroll, hire employees overseas, and provide professional employer organization (PEO) services in Singapore.

Our Employer Of Record Offerings Suite

• Staffing agency to hire talents across the globe
• Wages and payroll taxes computation of the employees
• Calculation of payroll taxes based on statutory requirements and company policies
• Hire new employees globally
• Preparation & filing of Central Provident Fund
• Preparation of payslip
• Submission of income tax forms
• Filing of year-end income
• Transparent and crisp reports
• Handling paperwork associated with offboarding employees
• Updating of payroll based on new international employment regulations
• Provide advice regarding local laws and international employment regulations

Edge’s Employer Of Record Solutions In Singapore

Employment Contract In Singapore

Employers in Singapore are encouraged to draft a comprehensive written contract that outlines all pertinent legal responsibilities, employee benefits, and other obligations. This should cover the duties and responsibilities of the job role, as well as the pay and benefits that come with it.

Employment contracts and letters of offer should both consistently state the total salary in Singapore dollars (SGD). Using your own local entity or our legal employer of record & PEO in Singapore can help you draft locally compliant employment contracts.

Central Provident Fund (Cfp)

The central provident fund is Singapore’s national pension scheme. It is one of the most promising social security systems that the Singapore government has put forward. Although a certain percentage of the amount is levied monthly from the employee’s salary, it adds additional security and confidence to the citizens.

The CPF of an employee is determined based on the employee’s monthly wages. It is payable by Singapore nationals and Singapore permanent residents. The contribution to the central provident fund is 17%. It is up to a maximum contribution of 6000 SGD, and the maximum amount paid is 1020 SGD per month.

Skill Development Levy

The skill development levy is a compulsory payable amount by employers. The amount payable is 0.25% of the employee’s monthly wage. The minimum contribution to SDL is 2% to a maximum of 11.25 per employee.

Foreign Worker Levy

The Foreign Worker Levy is an amount to be paid by employers who hire foreign employees with work permits or S passes. This amount is to be paid monthly and is determined based on the worker’s qualifications, company sector, and so on.

Income Tax

The income tax to be paid by an individual depends upon one’s residency status. The resident taxpayers must pay the highest personal income tax rate at 22%, and the non-residents are taxed at a flat rate of 22%

The salary used for charity, relief funds, etc., are exempted from the income tax. The married couples must file the taxes separately. Here is the income tax rates based on the income.

دورة استحقاق الرواتب

The frequency of a payroll cycle is monthly. It is usually paid 7 days after the end of the salary period, but in case of a termination or resignation, payment is due on the last day of work.

A 13-month wage cycle is a standard business practice used by companies in Singapore, but it is not a legally mandated payroll cycle.

Minimum Wages In Singapore

There are no local labor laws or regulations regarding the minimum wage in Singapore. It must meet the fair living standards.

Holidays And Leaves

According to the employment laws, the usual working hours allowed is up to 12 hours a day. Employees can opt for overtime if required. All the work that exceeds the regular working hours, excluding the break, is considered overtime. An employee can work overtime for a maximum of 72 hours per month. The overtime rate for non-workmen is $13.60 at an hourly rate. A legal employer must pay at least 1.5 times the basic rate of pay for overtime work and must be paid within 14 days after the last day of the salary period.

Under the Holidays Act, employers are required to provide paid off to employees for public holidays. An employee who is working on a holiday must be paid a full day salary or a full day off.

7 days of paid leave is given to an employee who has completed one full year of service under an employer. In addition, one day of paid annual leave is granted every subsequent year of continuous service with the same employer.