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.
On top of salary, the employer pays
- 17% CPF, employer
What the employer pays on top of salary in Singapore
- 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.
Yearly cost of one employee in Singapore, by vendor
Salary plus the charges above plus the vendor's published monthly fee, for twelve months. Not included: benefits and currency conversion fees.
Vendor fees used
Atlas HXM $599, Deel $599, G-P $599, Multiplier $459, Oyster $699, RemoFirst $199, Remote $699, Skuad $199, Velocity Global (Pebl) $399. 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.