Global Headhunting & Recruitment Solutions in Singapore
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for organizations that want to attract and retain the best talent from around the world. Here are some key reasons why:
1. Access to a larger talent pool: By casting a wider net and looking beyond local talent, organizations can tap into a larger, more diverse pool of candidates with a wider range of skills, experiences, and perspectives.
2. Cost savings: Hiring local talent may be less expensive in the short term, but in the long run, it can limit a company’s ability to scale globally. By creating a global recruitment strategy, companies can identify and leverage cost-effective hiring practices across different regions, which can help to reduce overall recruitment costs.
3. Better alignment with business goals: A global recruitment strategy can help ensure that hiring decisions are aligned with the company’s overall business strategy and objectives. By taking a more holistic approach to recruitment, organizations can ensure that they are hiring candidates with the skills, experience, and cultural fit that will help drive their business forward.
4. Improved employer branding: By positioning themselves as a global employer of choice, organizations can attract top talent and differentiate themselves from competitors. A strong employer brand can also help to reduce recruitment costs and improve employee retention rates.
Why hire talents in Singapore?
Singapore is an attractive destination for hiring talents for a variety of reasons:
- Cost-Effective Labor: Singapore’s labor costs are among the lowest in the world, which is why hiring talents here is cost-effective. Singapore has a low corporate tax rate, which makes the salaries and benefits of employees here relatively low compared to other countries.
- Highly Skilled Workforce: Singapore is home to a highly skilled and educated workforce. This is due to the country’s commitment to investing in education and human capital. The country’s universities produce talented graduates who are ready to join the workforce.
- Strategic Location: Singapore is an ideal base for businesses looking to tap into the Asian market. The country is well-connected to other countries in the region, making it easy to access markets and resources from around the world.
- Attractive Business Environment: Singapore is consistently ranked as one of the most business-friendly countries in the world. It has a transparent legal system, a stable political system, and a business-friendly attitude. This makes it an attractive place to invest in and to do business in.
- People-Friendly Business Culture: Singapore is a multicultural city and its people are known for their friendliness and work ethic. This makes it easy to find and attract top talent from around the world. The country’s diverse culture also makes it easier for businesses to adapt to different cultures and attract a global workforce.
How much does it cost to hire talent in Singapore?
The cost of hiring talent in Singapore depends on a variety of factors, including the type of role, the industry, and the level of experience required. Generally speaking, entry-level roles are more affordable, while roles requiring more specialized skills or higher levels of experience will be more expensive.
Entry-level roles typically cost between $2,500 and $4,500 per month (or $30,000 to $50,000 per year), while more specialized and senior roles may cost between $5,000 and $10,000 per month (or $60,000 to $120,000 per year). This is in addition to any bonuses or other incentives that employers may offer.
It is also important to consider the total cost of hiring talent, which includes the costs associated with recruitment, onboarding and training, and other employee benefits. These costs can vary greatly depending on the size of the company and the type of role.
Employee labor laws in Singapore
Working Hours in Singapore
The standard working hours in Singapore are 8.30am to 5.30pm, Monday to Friday. Some companies may also have different working hours, such as 9am to 6pm, or 10am to 7pm.
Minimum wage
The minimum wage in Singapore is currently SGD 1,300 per month.
General taxation
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Type of Tax
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Rate
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|---|---|
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Employer CPF Contribution
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Up to 17%
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Employee Income Tax
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Up to 22%
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Additional Wage Component Tax (AWC)
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5%
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Hire the best talent in Singapore with EER Global
EER Global provides a comprehensive, experienced, and tailored approach to finding the best talent for your business. They can assess and identify the right candidate for your specific role, allowing you to save time and money on hiring the wrong person.
With their industry experience and network of contacts, they can connect you with the best talent on the market, helping you to fill your positions quickly and efficiently. They can also provide valuable insights and advice on the hiring process, helping you to make the best decisions for your business. EER Global has a department that specializes in recruiting in Singapore, contact us today for more information.
