Hiring in Singapore through an Employer of Record
A Singapore employer contributes to the Central Provident Fund on top of wages for citizens and permanent residents.
Employing someone in Singapore through an Employer of Record costs their salary, plus 17 percent cpf, employer, plus the vendor's own monthly fee, the lowest published being from $199 from RemoFirst. The charges were read from cpf.gov.sg, last on .
What does an employer pay on top of salary in Singapore?
- 17% CPF, employer
Each charge, and what it is for
- CPF, employer: 17 percent of wages, for employees aged fifty five and below.
CPF applies to citizens and permanent residents only, at lower rates for older employees, and only up to a monthly wage ceiling. Foreign staff on work passes pay no CPF, but the employer pays other levies instead.
What does one employee in Singapore cost a year?
Salary plus the charges above plus the vendor's published monthly fee, for twelve months. "At least" marks a vendor whose published fee is a starting price. Not included: benefits and currency conversion fees.
Vendor fees used
Atlas HXM from $599, Deel from $599, G-P from $599, Multiplier from $459, Oyster $699, Pebl (Velocity Global) $399, RemoFirst from $199, Remote from $599, Remundo from $498, Rivermate from $349, Skuad from $199, Slasify from $250, Teamed from $599. Not published: Rippling.
Where these numbers come from
- CPF, employer on cpf.gov.sg read
- Each vendor's own pricing page, linked from its name above.