Minimum wage
in Singapore

Start hiring in Singapore

Hire and pay talents
with Horizons in
180+ countries

[hiring_sidebar]

What is the minimum wage in Singapore per hour?

Singapore does not generally apply a mandatory minimum wage laws or regulations. Rates of pay must be agreed upon between the parties through collective bargaining agreements or negotiations.

However, Singapore does follow the Progressive Wage Model (PWM), which mandates a minimum monthly wage for employees in certain economic sectors. As of September 2022, the PWM applies to workers in the retail, cleaning, security and landscape sectors.

Are there regional variations in Singapore’s minimum wage?

There are no regional variations.

How has minimum wage in Singapore changed in the last 5 years and beyond?

There generally isn’t a minimum wage in Singapore.

Minimum wages are a fundamental aspect of labor standards and fair compensation in any industry, including the online casino sector. A comparison between minimum wages for online casino employees in Canada and Singapore reveals distinctive approaches to labor regulations and economic contexts. In Canada, minimum wage regulations are set at the provincial and territorial levels, resulting in varying minimum wage rates across the country. And trusted casinos employees’ minimum wages can significantly differ from one province or territory to another. Provinces with higher living costs, such as Ontario and British Columbia, tend to have higher minimum wage rates. In Singapore, the approach to minimum wages differs from many other countries. Instead of a legislated minimum wage, Singapore relies on wage guidelines, collective bargaining, and market forces to determine salary levels.

Is there a different minimum wage for foreigners in Singapore?

The Singapore government has special rules in place regarding the minimum salaries of foreign workers employed in Singapore. They are referred to as S Pass and Employment Pass (EP) workers, depending on the position they hold.

EP employees are qualifying highly skilled foreign professionals. Their minimum monthly salary is SGD 5,000 or SGD 5,500 for those employed in the finance sector. Mid-level skilled foreign workers in Singapore who hold an S pass will receive a minimum monthly salary of SGD 3,000. For S pass employees in the financial sector, the minimum salary is SGD 3,500 per month.

Hire borderless talent with Horizons

Hiring in Singapore, Made Easy

Your business can easily hire employees in Singapore without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.

FAQs

What is the difference between the average salary and the minimum wage in Singapore?

The median gross monthly salary in Singapore is SGD 4,680. There is no legally mandated minimum wage.

Is it possible to hire skilled employees close to the minimum wage?

There is no legally mandated minimum wage in Singapore.

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

"As a seed-stage, London-based startup, we were initially hesitant to expand internationally due to the administrative workload involved. Horizons took the headache out of the process, allowing us to hire a team of software engineers in Germany."

Gabor SzedlakCo-founder & COO at MindLabs (UK)

"I truly appreciated the thoroughness and the professionalism of Horizons personnel while we hired internationally with them. They were knowledgable on all subject matters pertaining to international employment."

Gary PaskyVP Software Development, PICS ITech (USA)

"On deciding to begin commercial activities in Asia Pacific, we needed a provider to handle the employment and remuneration of our workforce. With Horizons the result was fast, efficient, and fit-for-purpose. We recommend Horizons as an EOR provider.”

Chris MorrellManaging Director, Schaeffler Group (Germany)

"The collaboration with the Horizons team is excellent. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. We can highly recommend the Horizons solution to anyone."

Christoph EngelbertCo-Founder & CTO, Clevabit (Germany)

"We needed an EOR that could provide expert support for payroll in APAC. We are pleased with Horizons’ expertise and the fact that they are flexible, responsive, and easily accessible from Belgium. They were able to provide services within the short timeline we required."

Katia FlamandHuman Resources, Devian Chemicals (Belgium)