"Employee Benefits in Singapore" Published

The Republic of Singapore's social security system is founded on principles of self-provision and self-reliance; the country's government limits its expenditure on social security schemes. The government's 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.

Report Highlights

* The Central Provident Fund (CPF) plays an important role in Singapore's 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.

Full Report Details at
- http://www.fastmr.com/prod/925165_employee_benefits_in_singapore.aspx?afid=302

Report 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, workmen's 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

Reasons to Get this Report

* Make strategic decisions using in-depth information related to employee benefits in Singapore
* Assess the Singapore's 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 Singapore's employee benefits, and their impact on companies

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