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COUNTRY TRADING PROFILES
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Labour market
The active population in figures |
Working conditions |
Cost of labor |
Social partners
The active population in figures
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2009 | 2010 | 2011 | 2012 (e) | 2013 (e) |
| Labor force |
- | 3,075,000 | - | - | - |
| Rate of activity (%) |
- | 64.7 | - | - | - |
| Unemployment rate (%) |
3.0 | 2.2 | 2.3 | 2.3 | 2.2 |
Source:
CIA - The world factbook
; UN - United Nations
; World Bank
Note: (e) Estimated data
Working conditions
- Legal weekly duration
- 8 hours per day and 40 hours per week with one-hour lunch break.
- Retirement age
- 62 years
- Working contracts
- However the nature of contract depends on the type of contract which could be of following types: Annual hours contract, casual workers contract, fixed-term contract, home-workers contract, job sharing contract, flexi-time contract, part-timers contract, self-employed workers contract.
Cost of labor
- Minimum wage
- Singapore has no minimum wage law.
- Average wage
- The average monthly gross earnings in Singapore is USD 2,500.
- Social contributions
-
Social security contributions paid by employers: For non-government employees: 14,5% to 5% (depending upon age)
For government employees: 10,875% to 3,75% (depending upon age)
Social security contributions paid by employees: For non-government employees: 20% to 5% (depending upon age)
For government employees: 15% to 3,75% (depending upon age)
© Export Entreprises SA, all rights reserved.
Last updates: May 2012
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