The shift in the way employees are being remunerated and the increasingly complex employment structures has brought about different challenges for Human Resource (HR) and Finance teams looking at employment income reporting.
Given the fast-changing landscape, more controversial situations have arisen. In this webinar, Adrian Sham and Ruiyuan Tan of our Employer Solutions team covered the top 5 areas of contention that organisations face in payroll reporting and the considerations to manage them.
The team shared common mistakes that we see in payroll reporting, focusing on the following areas:
Please note that there are no recordings for the breakout sessions.
Employers in Singapore need to be aware of the key legal and employment tax issues when handling termination scenarios, including routine resignations, performance-related departures, and workforce restructuring. Understanding these considerations is essential to navigate the complexities of ending employment relationships effectively and responsibly.
Managing payroll in Singapore involves more than just issuing paychecks - it’s about ensuring compliance, maintaining accuracy, and adapting to regulatory changes. In this article, we sieve out 5 key criteria to consider when managing payroll in Singapore. By focusing on these five areas, you’ll be well-equipped to streamline your payroll processes and avoid costly mistakes.
Equity-based incentive plans have gained significant traction in Singapore as a tool to attract, retain and reward employees. These plans allow employees to share in the company’s success, aligning their interests with shareholders while also deferring part of the company’s expenses. SGX-listed (i.e. public) companies have long used these structures, and private companies, including startups, now increasingly adopt them for their flexibility and impact on long-term motivation of employees.
