Need suggestions on working through consultancy in Singapore

vsankale

New member

Member since 20 April 2018

Singapore

vsankale

20 April 2018 09:50:55

vsankale

20 April 2018 09:50:55

Singapore

Hi all,

I am for India and recently hired by an human resource agency (Adecco) singapour
and i am paid by the agency instead of my direct company.

May i know is there any difference or risk associated with this kind of Employment contract.
Working through consultancy in Singapore is good option or not .

I am a senior software engineer and will be working for Investment Bank client through Adecco.

salary 6300 sgd offered.

surya2k

VIP Member

Member since 22 June 2014

Singapore

surya2k

20 April 2018 11:54:19

2889

surya2k

20 April 2018 11:54:19

2889

Singapore

In IT field it's a common trend where consultants or outsourcing companies such as Infosys, TCS, WIPRO, Cognizant or Nityo Infotech or Optimum (these are the major players in the market who hires Indians here). Then they send you to the clients (mostly global banks or financial institutions). So you work under the vendor's payroll but work for their clients.

It has pros and cons. The major difference is you are not the employee of the bank rather a contract staff or consultant. So, you are not entitled for direct benefits under a bank or financial institution but you can get benefits under the consulting firm as you come under their HR policy. Hope this clarifies your doubts.