Despite having low personal tax rates, Singapore remains one of the 20 most expensive countries in terms of the cost of employing expatriates, says ECA International. The Straits Times Employing expatriates in Singapore was significantly less costly in 2017 as compared to a year ago but the nation still ranks among the most expensive for international companies to send their employees to, based on a survey by data company ECA International. Findings from ECA’s annual MyExpatriate Market Pay survey, published on Monday (May 28), revealed that the average cost of employing an expatriate in Singapore has contracted markedly by more than S$16,000 ($12,000) from 2016 to 2017. The survey polled more than 290 companies, covering 160 countries and over 10,000 international assignees. It looks at pay levels for expatriates around the world, including information on benefits, allowances, salary calculation methods and tax treatment. When it comes to determining the cost of an expatriate … [Read more...] about ‘Dramatic’ pay drop for expatriates in Singapore and Malaysia: Survey
Salaries in singapore
Ma Khin Lay, a volunteer with the Humanitarian Organisation for Migrations Economic in Singapore, said the court sentenced Ma Mya Pwint Phyu, 24, on Tuesday. According to The Straits Times newspaper, Ma Mya Pwint Phyu bit the cheek and ear of the six-month-old boy to stop him from crying when they were alone in his family’s apartment in 2017. On the same day, the grandfather of the baby visited the apartment and noticed bruises and marks on his grandson’s face. When he confronted the maid about them, she immediately confessed to her crime. Two days later, the father of the boy filed a complaint at a police station and sent his son to a hospital for examination. The judge rejected the maid’s claim that she bit the boy as an act of love. According to Singapore laws, people who mistreat children, causing unnecessary injury can be sentenced to up to 4 years in jail, a S$4000 fine (US$2982/K2.02 million) or both. “As a domestic worker, … [Read more...] about Maid in Singapore jailed for biting baby
According to the Ministry of Manpower, there were 246,800 foreign domestic workers working in Singapore as of 31st December 2017, comprising 18 per cent of the foreign workforce in the country. Not only that, as the demand for foreign domestic workers grew, their bargaining power also has been growing as well, translating into higher salaries and better protection through comprehensive insurance packages. While this is a good news for the helpers, it could conversely result in higher costs for households in Singapore. Then, just how much does one have to earn to afford a FDW in Singapore today? HOW MUCH DOES IT COST TO HIRE A FOREIGN DOMESTIC WORKER? According to our research, it costs about S$1,400 in one-time fees just to hire a maid foreign domestic worker. Most households hiring a helper for the first time usually go through maid agencies as they take care of all the paperwork and can also help out with mediation if things do not work out between you and your new FDW. Hiring a … [Read more...] about How much do you have to earn to hire a foreign domestic worker in Singapore?
IT leaders prefer experience to education when awarding higher starting salaries to candidates. Pixabay Singapore’s leaders in information technology (IT) apparently have no qualms about offering top professionals in the sector higher starting salaries in a bid to secure talent in a market short on relevant skills, according to a recent study. Findings from the newly released 2018 Robert Half Salary Guide also showed that when it comes to awarding higher pay, IT leaders prefer experience to education from their candidates. The annual study – developed by specialised recruitment firm Robert Half – was conducted from June to July last year and is part of an international workplace survey which looks into job and workplace trends as well as talent management. The survey polled 75 chief information officers (CIOs) chief technology officers (CTOs) in Singapore. According to research, most Singaporean IT leaders are willing to increase starting salaries to draw in new … [Read more...] about Singaporean IT leaders willing to pay experienced tech staff higher starting salaries in 2018: Robert Half report
More Singaporean employees in the financial services industry can look forward to improved work-life balance as employers continue to roll out initiatives. The Straits Times The outlook for work-life balance of Singaporeans in the financial services industry seems to be optimistic with signs of ongoing improvement, a recent study reveals. According to an annual survey commissioned by specialised recruitment consultancy Robert Half, more than two in three (68%) Singapore chief financial officers (CFOs) within the financial services industry say that employee work-life balance in their organisation has improved over the past three years. While one in three (29%) say that work-life balance for employees has stagnated within the same period of time, only 3% say there was a decline. The survey was conducted with 75 CFOs and finance directors in financial services in Singapore by an independent research firm. It was part of an international survey focusing on job and workplace trends as … [Read more...] about Work-life balance for employees in financial services in Singapore is improving and their employers stand to gain too: Survey