Singapore All

Benefits

Mandatory Benefits

Central Provident Fund (CPF)

Employers must enrol all Singapore Citizen and Singapore Permanent Resident (SPR) employees and make monthly contributions into the national pension fund.

Employers contribute 17% of the salary of employees aged 55 or below, while employees contribute 20%. The amounts are capped at SGD 1,020 and SGD 1,200 respectively.

Health insurance

While Singapore Citizens and SPRs benefit from MediSave, foreign employees are not entitled to the same benefit. Employers are required to provide health care only to Work Permit and S Pass holder employees. For Employment Pass holders, health insurance is not a requirement. 

 

Non-Mandatory Benefits

Most common non-mandatory benefits in Singapore.

Health insurance

Although Singapore has a free public healthcare system for citizens and permanent residents, many companies offer additional private healthcare, which covers non-work accidents and hospitalization, and sometimes extends the benefits to dependents.

Small companies may provide an allowance in lieu of arranging insurance.

Per diem

Many companies offer a per-day travel allowance or reimbursement of expenses incurred in work-related trips to employees. The per diem amount depends on the location the employee travels to.

Additional holiday

Most companies give employees 14 to 20 days of additional paid vacation yearly.

Stock options

Stock options are a common incentive by companies (dependent on the employee's role), which are often requested by senior executive employees.

Bonus

Discretionary or contractual annual bonuses of one month's salary or more are standard in Singapore. Their exact amount varies between employees and will typically be tied to employee and company performance. It's not unusual for employees to receive an annual bonus equaling 2-3 monthly salaries during good economic times.

Relocation package

Some companies that require an employee and their family to relocate will cover the costs of shipping personal belongings, airfare, housing, utility bills and school fees.

Life insurance

Some companies offer life insurance to executive employees or an allowance in lieu of arranging the insurance.

Visa sponsorship

Many tech companies in Singapore offer visa sponsorship to attract international talent.

Flexible working

Most tech companies give employees the options to work flexible hours or from home to improve work-life balance.

Hardware

Most tech companies give new employees their choice of computer and all the gear necessary when joining the company.

Career Development

Many companies offer training time, including tech workshops, paid conferences, professional training allowance and subscriptions for employees to stay up to date and progress in their career.

This page was last updated on 26th January, 2021. If you have questions about this page, send us an email.