Close

The labor market in Singapore

Recommend

Singapore's labor market is quite open to expatriates. Thousands of jobs are available in various fields...

Singapore is a dynamic and competitive economic power and has become one of the leading financial center in Asia. The country's bustling economy and the local advantageous taxation system attract hundreds of new immigrants each year. It is estimated that one third of the population is of foreign origin. 

In spite of a light contraction of the labor market due to the recent financial crisis, the unemployment rate in Singapore is around 1,8% in september 2013, which is clearly below European or North American averages. The labor market in Singapore remains dynamic and the country is always seeking for foreign qualified and graduate workers in the manufacturing, catering, teaching, biotechnology, technique, financial or tourism sectors.

Several professions are nonetheless reserved to Singaporeans, like medical-related professions, while others require a professional affiliation (legal professions, architects, pharmacists etc.)

As far as employment conditions are concerned, the legal working time cannot exceed 8 hours per day and 44 hours per week. Singaporeans are generally paid extra for working overtime and benefit from ten bank holidays and at least one week paid vacation per year.  

Work contracts must strictly be respected. Be aware though that employers can easily dismiss employees, sometimes without notice.

There is no minimum wage in Singapore, and salaries vary according to the type of profession or activity carried out in the country. The average wage is around US$ 4,433 per month.

There are few strikes in Singapore, and trade unions are more or less controlled by the state.

 Useful links : 

Singapore statistics www.singstat.gov.sg
?Singapore ?Ministry of Manpower www.mom.gov.sg

Recommend
expat.com Your favourite team
Member since 01 June 2008
Small earth, Mauritius
Write a comment

See also

It is not difficult to find a job in Singapore. You can check out classified ads in local newspapers, job websites, hiring agencies, and even rely on word-of-mouth. You will find job vacancies in various fields.
If you wish to do an internship in Singapore, you must first find a sponsor. Once you have received an internship offer, you can apply for an internship visa.
Setting up a business in Singapore generally requires a capital of about S$ 50 000. You should also apply for a professional visa or an investor visa.
An employment pass is valid for a year, sometimes longer. In cases where the work run-time is pushed forward or extended, you're required to extend your EP too. This used to be quite a tedious process. However, not so long ago, the Ministry of Manpower greatly streamlined the process.
To be able to drive in Singapore, you will need an international driver's license which is valid for one year. If you intend to stay for more than a year in the country, you will have to apply for a national driver's license with the traffic police.

Expatriate health insurance in Singapore

Free advice and quotation service to choose an expat health insurance in Singapore

Moving to Singapore

Find tips from professionals about moving to Singapore

Travel insurance in Singapore

Enjoy a stress-free travel across Singapore

Flights to Singapore

Find the best prices for your flight tickets to Singapore