Your Trusted Payroll Solution in Singapore
FastLaneRecruit’s payroll team specializes in tailored payroll services that make payroll processing efficient and straightforward. We’ll help you streamline your payroll, reducing compliance risks and enhancing productivity.
Benefits of payroll outsourcing
Managing payroll in-house is often complex and time-consuming. Payroll processing comes with its own set of regulations and requires meticulous accuracy. As businesses must adhere to intricate payroll requirements while ensuring that employees are paid correctly and on time. The effort needed to maintain effective payroll management can overwhelm internal teams and divert focus from core business activities.
By choosing FastLaneRecruit for your payroll outsourcing needs, you can:
1. Minimize Compliance Risks with Speedy Processing
Our efficient payroll services ensure a fast and accurate turnaround to keep you fully compliant with all legal requirements so your business stays ahead of compliance issues
2. Leverage Regional and Local Payroll Expertise
Our experienced team brings in-depth knowledge of Singapore’s labor laws, paired with extensive payroll expertise across various regions in Southeast Asia. With FastLaneRecruit, you have access to payroll specialists who understand both local and regional payroll complexities.
3. Empower Business Decisions with Advanced Reporting
Gain valuable insights from detailed and up-to-date payroll reports. Our comprehensive reporting tools enable you to make informed business decisions and have a clear view of payroll costs and obligations.
Outsourcing payroll to a professional partner like FastLaneRecruit frees up your internal resources and ensures you remain compliant with legal standards.
Contact usFastLaneRecruit payroll outsourcing service
FastLaneRecruit offers a full range of payroll outsourcing services tailored to businesses operating in Singapore. Whether your company is local or has a regional presence, our experienced payroll team is here to streamline your payroll processes, ensuring accuracy, efficiency, and compliance.
1. Comprehensive Payroll Management
Our payroll services cover every aspect of payroll processing to let you focus on business growth. Here’s what we can do for you:
- Monthly Payroll Calculation to ensure accurate and timely payroll every month.
- Employee Salary Payment Arrangements by setting up smooth and on-time salary payments.
- Expense Reimbursement to automate employee expense reimbursements.
- Payslip Creation & Distribution to distribute digital payslips with ease.
- Payroll Software Setup & Implementation to integrate payroll software into your operations.
- Payroll Reporting to access monthly payroll summaries for complete transparency.
2. Singapore Income Tax Advisory
FastLaneRecruit offers specialized salaries tax advisory services to help you stay compliant and make the most of your tax position. Our tailored services include:
- Tax Return Preparation & Submission: Accurate and timely filing of individual tax returns.
- Personal Salary Tax Filing: Expert assistance with your salary tax obligations.
- Customized Tax Advisory: Guidance on optimizing your tax strategy.
3. Payroll Administration & Support
Our payroll administration services are designed to simplify your operations. FastLaneRecruit manages all payroll-related administrative tasks while ensuring compliance with employment laws. We offer:
- Employee Records Management: Maintain organized and compliant records.
- Full Payroll Administration: Efficiently manage payroll tasks to free up your internal resources.
4. CPF Administration
Managing CPF contributions can be complicated and time-consuming. Our CPF services ensure that contributions are calculated and processed correctly, keeping your business compliant with all regulations. We provide:
- Authorized Signatory Representation: Simplifying CPF administration on your behalf.
- Executive Summaries & CPF Statements: Receive detailed monthly reports for full transparency.
- Employee Enrollment & Contribution Management: Efficiently manage employee CPF enrollments, terminations, and ongoing contributions.
FastLaneRecruit’s payroll services give you the freedom to focus on strategic initiatives, reduce administrative burden, and maintain compliance effortlessly. Our expertise spans multiple regions, including Singapore, Hong Kong, Australia, Malaysia, and Vietnam, making us your trusted partner for payroll outsourcing across Asia-Pacific.
Outsource your payrollIndustries we serve
FastLaneRecruit’s contracting recruitment and EOR services cater to a wide range of industries in Singapore, including:
- Digital Marketing
- Engineering & Manufacturing
- Executive Search
- Finance & Accounting
- Human Resources
- Information Technology
- Legal
- Healthcare and Life Sciences
- Marketing
- Procurement & Supply Chain
- Property
- Sales
Why choose FastLaneRecruit?
Choosing FastLaneRecruit for your payroll needs in Singapore means partnering with industry experts who are dedicated to making your business life easier. Here’s why FastLaneRecruit stands out:
Save Time and Money
By partnering with our experienced payroll services, you can focus on your main business goals without the hassle of hiring and training internal payroll staff.
Ensure Compliance
Our team has in-depth knowledge of local laws and regulations, ensuring your business meets all compliance requirements. This reduces your administrative load and mitigates the risk of non-compliance penalties.
Tailored to Your Needs
We provide customized payroll solutions that fit your specific needs, whether you are a small startup or a large corporation. Our services scale with your business, offering the support you need at every stage.
Advanced Payroll Solutions
We offer comprehensive payroll solutions that cover every aspect of employee management. From onboarding to managing contributions and timely salary payments, we’ve got it all covered to streamline your payroll processes.
Here’s what our clients and candidates say about FastLaneRecruit:
Segovia Financial Services Limited
“Efficient and expert! Fastlane Malaysia’s talent recruitment and EOR services are integral to our corporate success.”
Wristcheck Exchange Limited
“Kudos to Fastlane Group for their outstanding payroll services. Their team’s expertise ensures precision, compliance, and timely processing. A reliable ally for our business.”
Arcadia Consulting Limited
“On-time paychecks, happy faces. FastLane keeps my team motivated and focused on what matters.”
Get started with FastLaneRecruit today!
Ready to simplify your payroll and boost your business efficiency? Reach out to our team to discuss your payroll requirements and discover how FastLaneRecruit can support your business. Don’t wait—let’s elevate your payroll processes together!
Get StartedFrequently asked questions about payroll
What Information Do I Need to Set Up Payroll in Singapore?
To set up payroll for your employees in Singapore, you’ll need:
- Full name
- Date of birth
- Immigration status
- Identification number
- Current job start date
- Pay frequency
- Pay currency
- Pay amount
- Self-help group contribution status
- Payment method
- Bank account details
What Are the Working Conditions and Wage Requirements in Singapore?
Working Hours: Employees in Singapore usually work:
- A nine-hour day, with an average 44-hour workweek and two days off per week, or
- An eight-hour day, working six days a week.
Pay Cycles: Salaries are typically paid monthly.
Minimum Wages: There is no legal minimum wage. Salaries are mutually negotiated between employers and employees.
Overtime, Rest Day, and Holiday Pay: Overtime is paid at 1.5 times the basic hourly rate, capped at $2,600 monthly or an hourly rate of $13.60. Employees can work a maximum of 72 overtime hours per month. Pay rates for rest days and holidays vary.
What Are the Holiday and Leave Requirements for Payroll?
- Paid Holidays: There are 11 public holidays annually.
- Annual Leave: Employees are entitled to 7-14 days of paid leave, based on years of service.
- Sick Leave: Entitlement ranges from 5-14 days of outpatient leave and 15-60 days of hospitalisation leave, depending on service length.
- Maternity Leave: Eligible mothers can receive 16 weeks of paid leave if:
- Their child is a Singaporean citizen,
- They have worked for the employer for three months before birth, and
- They gave one week’s notice before leave.
- Employers can claim reimbursements under the Government-Paid Maternity Leave Scheme.
- Paternity Leave: Two weeks of government-paid leave is available if:
- The child is a Singaporean citizen,
- The employee has worked for the company for three months, and
- The father is or was legally married to the mother between conception and birth.
- Childcare Leave: Parents of Singaporean citizens get six days of paid leave annually, while non-citizen parents receive two days. Eligibility requires the youngest child to be under seven, and the employee must have worked for three months. Employers cover the first three days, and the government pays the rest.
- Unpaid Infant Care Leave: Parents of Singaporean citizens are entitled to six days per year if the child is under two and they’ve worked for three months.
- Other Leave Types (Not mandatory but subject to employer approval):
- Marriage leave: Three days
- Compassionate leave: Two to three days
- Birthday leave: One day
- Exam leave: Two days per subject
- Eldercare leave: Two days (for public service agencies)
What Social Security and Statutory Contributions Must Employers Make?
Central Provident Fund (CPF): Employers and employees (Singapore citizens or permanent residents) must contribute to the CPF retirement scheme. Employer contribution rates for those under 55 years are 17%.
Self-Help Group (SHG) Funds: Voluntary contributions for community support, deducted from wages, ranging from $0.50–$30 per month.
Skills Development Levy (SDL): Employers contribute 0.25% (minimum $2) on the first $4,500 of monthly wages to support training programs.
Foreign Worker Levy (FWL): Applicable to Work Permit or S Pass holders. The rates depend on factors like industry, employee skill level, and the number of foreign workers.
Are Payslips Mandatory in Singapore?
Yes, itemised payslips are required for all employees under the Employment Act.
Is 13th Month Pay Mandatory?
No, 13th month pay is not mandatory but is common in business practices.
Do All Employees Need to Be on Payroll?
Yes, all employees under the Employment Act must receive payslips, so they need to be on payroll.
Can I Handle Payroll Myself?
Yes, but it’s simpler and more accurate to outsource to a specialist provider like FastLaneRecruit.
Do Employers Pay Taxes on Payroll?
Employers don’t withhold taxes from salaries. However, taxes must be withheld for foreign workers leaving Singapore for more than three months. Social security and statutory contributions, like CPF and SDL, are mandatory.
Is It More Expensive to Outsource Payroll Than Doing It In-House?
Usually, outsourcing is more cost-effective. Hiring in-house payroll experts can be expensive, and outsourcing reduces costs associated with payroll software and infrastructure.
What Is Multi-Country Payroll Outsourcing (MCPO)?
MCPO allows businesses operating in multiple countries to streamline payroll through one provider, ensuring compliance with local laws and practices. It also helps standardize payroll costs across countries for effective comparison.
What’s the Difference Between HR and Payroll?
HR handles employee management, benefits, and talent retention, while payroll manages employee payments and related statutory contributions.
How Secure Is Outsourcing Payroll?
Very secure if done with a reputable provider. Look for certifications like ISO 9001, ISO 27001, SOC2, or OSPAR in Singapore. These indicate compliance with security standards.
How Can FastLaneRecruit Help with Payroll?
At FastLaneRecruit, we provide secure, efficient payroll services using advanced technology and regional expertise. Our Ignite platform simplifies payroll management for businesses of all sizes. Contact us today for reliable payroll outsourcing solutions.
