As an employee, you might have noticed some deductions from your monthly gross salary as stated on your payslips. However, as an employer, if you are planning to employ talents from Singapore, there are some monthly contributions that you have to make towards Employee Contributions Fund and Social Security Contribution for your employee’s benefit as required by local labor law in Singapore, namely Central Provident Fund (CPF) and Skill Development Levy (SDL)
Compliance
With the rising trend of remote work, many employees are considering relocating to an ideally better and less expensive neighborhood area to move in. Employees now don’t need to find accommodations close to their office anymore. In fact, employees are now more than ever to have the freedom to decide on where to work. However, geography-based pay comprises many complex factors. For this reason, it is crucial to acknowledge various approaches employers can take to implement these policies.
Digital Culture
Creating a DEI-friendly workplace by incorporating a diverse workforce, enforcing equity at work, and achieving inclusion to be embodied in the company culture is not easy. One of the main reasons as to why DEI hasn’t been widely implemented is mainly due to its relatively high cost. In order to create a DEI-friendly workplace, the company needs to allocate several resources as follows: