How to conduct responsible retrenchment

In accordance with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment (TAMEMRR), it is imperative that the criteria for selecting employees for redundancy are objective and the process is executed equitably. While adherence to the TAMEMRR is not mandated by law for employers, it delineates recommended practices for progressive workforce management, emphasizing the [...]

By |2024-04-09T13:34:04+08:00April 9th, 2024|Employment and Immigration, Running a Company|

What businesses can foreigners on certain passes in Singapore start?

Singapore generally allows foreigners to start businesses in Singapore. However, foreigners on certain passes may be restricted from starting or managing their business based on restrictions placed on that pass. Most pass holders are not allowed to manage their businesses in Singapore. This means that they are not allowed to register sole proprietorships or partnerships. [...]

By |2024-03-25T18:21:47+08:00March 25th, 2024|Employment and Immigration, Useful Incorporation Articles|

How to get a Singapore PR through the Singapore Global Investor Programme

In the realm of business opportunities in Singapore, the pathway to acquiring permanent residency (PR) through investment is open to those willing to infuse capital into the nation's economy and demonstrate entrepreneurial acumen. This avenue, formally designated as the Global Investor Programme (GIP Scheme), is commonly known as the Investor Scheme. For individuals contemplating relocation [...]

By |2024-03-20T19:29:22+08:00March 20th, 2024|Employment and Immigration|

Contract of Service vs Contract for Service

Contract of Service A Contract of Service, as defined by the Ministry of Manpower (MOM), is a formal agreement between an employer and an employee. It provides a crucial foundation for both parties, offering security and protection. Essentially, it functions as an employment contract. For employees, this contract ensures a sense of security as it [...]

By |2023-10-24T17:08:30+08:00July 26th, 2023|Employment and Immigration|

A breakdown of an employee’s salary components

Variable Components Monthly Variable Component (MVC) MVC acts as an “emergency lever” component to help employers bring down wage costs in the case of sudden and severe business or economic setbacks to survive and save jobs. MVC forms part of the monthly basic salary and it shall be included in computing overtime payment and CPF [...]

By |2023-10-06T16:03:36+08:00July 24th, 2023|Employment and Immigration|

In what circumstances may an employer deduct or recover monies from an employee’s salary?

Salary payments are governed by the Employment Act (EA). Hence, an employer may only deduct an employee's salary for reasons allowed under the act. Alternatively, he may also do so if there is a court order. According to the act, authorised deductions can be made for the following reasons: For absence from work (without valid [...]

By |2023-10-24T17:21:45+08:00July 19th, 2023|Employment and Immigration|

Basic Payroll regulations in Singapore

Payroll-related matters in Singapore are regulated by the Employment Act (EA). The EA is applicable to all employees, regardless of nationality, who work under a contract of service. However, it excludes seamen, domestic workers, and individuals employed by statutory boards and the government. All employees under a contract of service with an employer are covered [...]

By |2023-10-24T17:28:13+08:00July 17th, 2023|Employment and Immigration|

What is the Skills Development Levy?

The Skills Development Levy (SDL) is a mandatory levy that all employers will have to pay to their employees working in Singapore. The SDL is paid to the CPF Board who will then place the monies into the Skills Development Fund. This fund is managed by SkillsFuture Singapore (SSG). The monies are used to support [...]

By |2022-03-18T15:35:30+08:00February 14th, 2022|Employment and Immigration|

Can I set up a company in Singapore and apply for a valid work pass?

This article was previously featured on Singapore Employment Agency and syndicated on our website.   The short answer to this question would be yes. However, there are a few qualifiers and you should read further into this article to better understand what they are.   There are many who would like to come to Singapore [...]

By |2022-01-25T12:20:29+08:00January 25th, 2022|Employment and Immigration, Questions and Answers|
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