Employee Benefits in Singapore - PowerPoint PPT Presentation

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Employee Benefits in Singapore

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The report provides in-depth industry analysis, information and insights into employee benefits in Singapore, including: • An overview of state and compulsory benefits in Singapore • Detailed information about private benefits in Singapore • Insights into various central institutions responsible for the administration of the different branches of social security • The regulatory framework for employee benefits in Singapore To get details at: – PowerPoint PPT presentation

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Title: Employee Benefits in Singapore


1

Main Title
Market Research Report 
Employee Benefits in Singapore
reportscue
2

Synopsis The report provides in-depth industry
analysis, information and insights into employee
benefits in Singapore, including An overview
of state and compulsory benefits in Singapore
Detailed information about private benefits in
Singapore Insights into various central
institutions responsible for the administration
of the different branches of social security 
The regulatory framework for employee benefits in
Singapore
3

Report OverviewThe Republic of Singapores
social security system is founded on principles
of self-provision and self-reliance the
countrys government limits its expenditure on
social security schemes. The governments
policy has been that each generation must earn
and save enough for their entire life cycle, with
each individual being responsible for their own
financial sustenance after their retirement.
The Central Provident Fund (CPF) is a key
component of Singaporean social security system.
Most mandatory and state-sponsored benefits are
limited to nationals and permanent citizens of
the country.
4

Scope This report provides a detailed analysis
of employee benefits in Singapore It offers a
detailed analysis of the key government-sponsored
employee benefits, along with private benefits
It covers an exhaustive list of employee
benefits, including retirement benefits,
death-in-service benefits, long-term disability,
medical benefits, workmens compensation,
maternity and paternity benefits, family
benefits, minimum reources, unemployment, other
benefits and private benefits It highlights
the economic and regulatory situations relating
to employee benefits in Singapore
5

Key Highlights The Central Provident Fund
(CPF) plays an important role in Singapores
social security system. The CPF addresses
employees retirement, medical, housing and
education needs. Numerous means-tested
assistance programs provided by the Ministry of
Social and Family Development and Ministry of
Health cater to the needs of disabled people and
lower-income groups. Since most statutory
benefits offered in Singapore are limited to
citizens and permanent residents, benefits
offered by private companies play a significant
role in attracting and retaining talent.
Employees are given an option to choose benefits
that are suitable for them. 
6

Table of Contents 1 Executive Summary 2
Introduction 3 Country Statistics 4 Overview of
Employee Benefits in Singapore 5 Regulations 6
State and Compulsory Benefits 7 Private
Benefits 8 Macroeconomic Indicators 9 Appendix
7

Reason To Buy Make strategic decisions using
in-depth information related to employee benefits
in Singapore Assess the Singapores employee
benefits market, including state and compulsory
benefits and private benefits Gain insights
into the key employee benefit schemes offered by
private employers in Singapore Gain insights
into key organizations governing Singapores
employee benefits, and their impact on
companies To Get Details http//www.reportscue.
com/employee-benefits-in-singapore-market
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