Employees in Singapore
- Opening Hours
- Legal Weekly Duration
- 8 hours per day and 40 hours per week with one-hour lunch break.
- Maximum Duration
- 44 hours
- Night Hours
- 11 pm – 7 am
- Working Rest Day
As per the Employment Act, an employee is entitled to a rest day comprising one whole day (midnight to midnight) every week. The rest day can be on a Sunday or any other day.
- Paid Annual Vacation
The Employment Act specifies that all workers are entitled to seven days of paid annual vacation during their first year of service and an additional day of paid leave for every year after that. This implies a maximum of 14 extra days, or 21 days total.
- Retirement Age
- 62 years
- Child Labor and Minimum Age For Employment
- Employment Act prohibits the employment of children under the age of 12.
- Informal Labor Market
- Because of a higher demand for foreigners working in Singapore, a huge informal sector of illegal foreign workers exists in the country.
The Cost of Labor
- Minimum Wage
- Singapore has no minimum wage law.
- Average Wage
- The average monthly gross earnings in Singapore in 2007 was USD 2,500.
- Other Forms of Pay
- Pay For Overtime
- 1,5 times the normal hourly rate.
- Pay For Rest Days Worked
- Twice the normal hourly rate.
Social Security Costs
- The Areas Covered
A comprehensive social security plan is provided to Singapore citizens and Singapore Permanent Residents by contributing to Central Provident Fund (CPF). It covers the following areas: retirement, healthcare, home ownership, Family Protection, asset enhancement.
- Contributions Paid By the Employer: For non-government employees: 14,5% to 5% (depending upon age)
For government employees: 10,875% to 3,75% (depending upon age)Contributions Paid By the Employee: For non-government employees: 20% to 5% (depending upon age)
For government employees: 15% to 3,75% (depending upon age)
- Competent Organization
Singapore Provident Fund Board
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