Working in Singapore
Singapore welcomes a diverse workforce, more so as the government
became increasingly pro-business in the past few years.
In fact, Singaporeans with overseas experience
are highly valued here. With our modern infrastructure, an industrious culture and
sound planning, Singapore offers an ideal work environment and opportunities in a range
of future-forward industries, including biomedical sciences, R&D, healthcare and
financial services.
Working Conditions
Most companies in Singapore now operate on a five-day work week, based on the legal
standard of 44 hours a week. Vacation leave varies from seven to 14 days, usually
increasing with length of service and seniority. Contracts often include two to three
weeks of paid sick leave and hospitalisation leave.
Salaries are very competitive in Singapore, comparable with the developed world.
The 13th month bonus is given at the end of the year, equivalent to one month’s
salary. In addition, you may receive variable bonuses, depending on the
company’s and your individual performance.
To sweeten the deal, many companies provide their employees with other incentives
such as recreational facilities and holiday subsidies.
Another piece of great news for Singaporeans – Singapore’s personal
income tax rates are still among the lowest in the world. To find out more information
and tax rates, visit the Inland Revenue Authority of Singapore
website.
Professional Resources
The Singapore International
Chamber of Commerce is an excellent information bank on industries and employment
trends. If you belong to any professional association, you may contact them directly
to find out the latest developments in your profession. Some of them are:
For further networking and career improvement opportunities, refer to the Career Development
section.
There are 84 trade unions and professional organisations which promote industrial
relations between companies and workers. Two major entities are the Singapore National Employers’
Federation and the Singapore
Labour Foundation.