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It is important for employers to know about compliance to avoid unnecessary disputes with their employees or related authorities. To help employers, we have curated useful information which serves as a refresher, and it can be a good reference for start-ups especially.
| Description | Keynotes | ||
| 1. |
Have a written Contract or Key Employment Terms (KETs) |
It is important to provide employees with their KETs in writing. With the written KETs, employees will have a better understanding of their employment terms and benefits. This will also foster trust between employers and employees, and minimise misunderstandings and disputes. |
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| 2. |
Keep record of employees’ work hours |
Clocking work hours can bring a host of benefits to the employers and employees, and it is an essential step in the human resource administrative process. It allows employers to manage employees' work schedules, and record and track their work hours (including over-time work). |
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| 3. |
Pay employees on time |
According to the Singapore Employment Act, salaries and over-time pay must be paid on time. It is an offence not to pay your employees, full-time or part-time. |
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| 4. |
Provide employees with itemised payslip |
Since 1 April 2016, all employers must issue itemised pay slips to employees who are covered by the Employment Act. An itemised payslip may be issued as hard or soft copy. This will minimise disputes over calculation errors, delayed pay issuance, and additional hours clocked in and paid.
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| 5. |
Make statutory contributions |
The Singapore Government mandates that employers and/or employees contribute to applicable ethnic-related and provident funds.* *New CPF contribution rate from January 2022. |
Generally the types of statutory contributions in Singapore are (subject to applicability & criteria):
*Chinese Development Assistance Council (“CDAC”) Fund, Eurasian Community Fund (“ECF”), Mosque Building and Mendaki Fund (“MBMF”), Singapore Indian Development Association (“SINDA”) Fund
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| 6. |
Ensure public holidays and leave entitlements are granted |
Employees are entitled to paid non-work days, such as public holidays and annual leave. |
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Assurance Health-Check
Additional assurance required? PayrollServe has a dedicated team to perform a health-check on your present or past year records. We examine the following areas where errors and omissions are likely to occur:
- Monthly Payroll Records
- Wage Classification
- CPF Computation
- Treatment of Taxable Items
- IRAS Reporting and Tax Clearance
- Review of Other Statutory Board Submissions
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