Information Extracted From MOM
Posted by admin on Nov 18, 2009
This post was extracted from MOM, about calculation of salary. We hope that with this post, it will help to reduce your confusion on how to calculate the salary with more detail.
EMPLOYMENT ACT
SOME COMMONLY ASKED QUESTIONS ON CALCULATION OF SALARY
The Employment Act covers all employees except those employed in a managerial and executive position, seaman, domestic worker and employees of statutory board or the government.
Calculation of Salary
“BASIC Rate vs GROSS Rate”
1. What is “Basic rate of pay”?
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“Basic rate of pay” is the total amount of money (including wage adjustments and increments) which an employee is entitled to under his contract of service but does not include overtime payment; bonus payment or annual wage supplement (AWS), any sum paid to the employee to reimburse him for special expenses incurred by him in the course of his employment, productivity incentive payment; and any allowance however described.
2. What is the “Basic rate of pay” used for?
The “Basic rate of pay” is used to calculate pay for work on rest days, work on public holidays and overtime work.
For a monthly-rated employee who works on a rest day or a public holiday, the Basic rate of pay for 1 day is calculated as follows:
12 X Monthly Basic rate of pay
52 X Average No. of days an employee is
required to work in a week
For a monthly-rated employee who performs overtime work, the hourly Basic rate of pay is calculated as follows:
12 X Monthly Basic rate of pay
52 X 44
3. What is “Gross rate of pay”?
The “Gross rate of pay” is the total amount of money including allowances which an employee is entitled to under his contract of service, but does not include overtime payments, bonus payments or annual wage supplements (AWS), any sum paid to the employee to reimburse him for special expenses incurred by him in the course of his employment, productivity incentive payments and travelling, food or housing allowances.
4. What is “Gross rate of pay” used for?
The “Gross rate of pay” is used to calculate payment of salary in lieu of notice of termination, deduction of pay for absence from work, paid holidays, paid annual leave, paid sick leave and paid maternity benefits.
For a monthly-rated employee, the Gross rate of pay for 1 day is calculated as follows:
12 X Monthly Gross rate of pay
52 X Average No. of days an employee is
required to work in a week
5. What is “Productivity incentive payment”?
“Productivity incentive payment” means a variable payment, whether made annually or otherwise, to an
employee as a reward for an improvement in that employee’s performance or an increase in the employee’s productivity or contribution to the employer’s business, trade or undertaking.
6. Can certain allowances such as shift and attendance allowances be considered as “Productivity incentive payments” and be excluded from the “Gross rate of pay”?
If the payment of the allowance incorporates features of an incentive scheme which fall within the definition of a “Productivity incentive payment”, it could be excluded from gross rate of pay. Shift and attendance allowances are paid to employees for carrying out shift duties and keeping good attendance respectively.They do not fall within the definition of a “Productivity incentive payment” and are considered part of “Gross rate of pay”.
7. If a company operates on rotating shifts with different rates of shift allowance, how should the allowance be computed in working out an employee’s “Gross rate of pay” when he goes on annual leave?
Employers may consider using any of the following methods:
(a) Standardise the rate by working out a simple average as shown in the example below:
1st shift - no allowance
2nd shift - $5
3rd shift - $10,
Average allowance per shift: 0+5+10 = $5
3
Hence, when an employee goes on leave, he is to be paid shift allowance of $5 for each day of his
leave, irrespective of the shift on which he is rostered to work.(b) Continue to pay the allowance as though the employee has worked for the day. Using the same example in 7(a), if the employee goes on leave when he is rostered to work on the 1st shift, he is not paid any shift allowance, but if he goes on leave when he is rostered to work on the 3rd shift, he is paid $10.Companies may also use other methods as long as they are fair and reasonable.
8. How do I calculate the salary of a monthly- rated employee who has only worked part of the month?
An employee may work an incomplete month if:
• he commenced employment after the first day of the month;
• his employment was terminated before the end of the month;
• he has taken no pay leave during the month; or
• he has taken leave of absence to perform his national service under the
Enlistment Act.
In such cases, the salary payable to him is pro-rated as follows:
Monthly Gross Rate of Pay x
• If the number of working hours in any working day is 5 hours or less, regard it as a half-day. If it is more than 5 hours, regard it as one day.
• Number of days the employee actually worked
• Number of days which the employee is in that month
required to work in that month (includes public holiday if he is entitled to holiday pay but excludes rest days and non-working days)
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Flexi Works Scheme
Posted by admin on Nov 3, 2009
Flexi-Works! is an initiative by the Singapore Workforce Development Agency (WDA) and the National Trade Union Congress (NTUC) for companies to hire new workers on part-time or flexible work arrangements. The scheme offers a grant of up to $100,000 to support a company’s efforts in the recruitment of workers on part-time or flexible work arrangements. The programme has been enhanced and extended to run for another year from 1 Mar 2009.
Enhancement to Flexi-Works!
Enhancements to the Flexi-Works! Scheme included the following:
• Previously, workers to be recruited must be aged 35 & above. Under the revised scheme, this age criterion has been lowered and workers to be recruited need only be aged 30 & above
• In addition to encouraging the hire of economically inactive workers, Flexi-Works! now also include a tranche of funding dedicated specifically to help companies introduce flexible work arrangement.
• Extension of the scheme to run for another year starting from 1 Mar 2009
The Flexi-Works! scheme will also be extended till 31 March 2010.
Enhanced Flexi-Works!
Under the enhanced scheme, funding would be disbursed in 2 tranches as follows:
Tranche 1: Companies can claim up to $10,000 for introducing flexible work arrangements in the organisations. Dr. Dolittle: Tail to the Chief download
For this tranche, companies will have to:
• Send HR staff for MOM-approved Work-Life training;
• Make provision for FWA in their HR policies; and
• Communicate the policy to their staff
Grant Computation
The grant amount will be based on 80% of actual cost incurred, and will work on a reimbursement system, capped at $10,000 per company.
This tranche is common to the first tranche of WoW! Fund. Each applicant can only tap on this tranche once, either under the WoW! Fund or Flexi-Works! programmes. However, they are still eligible to tap on the 2nd tranche of both schemes.
Tranche 2: Companies are entitled up to $90,000 for recruiting eligible workers on part-time or Flexible Work Arrangements. Rush Hour 2 film
For this tranche, companies would have to:
• Fulfill the requirements of Tranche 1;
• Recruit workers with the following two requirements
o Aged 30 and above
o Singaporeans and/or Singapore Permanent Resident
Grant Computation
The grant amount will be based on:
• Number of workers recruited on part-time or flexible working arrangements and retained for at least 2 months multiplied by $1,800; OR
• 80% of the actual project costs, whichever is the lower, subject to a cap of $90,000 per company. Companies should aim to achieve their recruitment target 6 months from the date of approval for their application.
What can the Grant be used for?
• The grant can be used for costs incurred for job redesign, consultancy, recruitment, training, absentee payroll and equipment, to put in place part time or flexible working arrangements.
• The grant cannot be used for any form of retention bonus or salary support as well as on-the-job training.
Should you interested to find out more information on the above scheme, please contact ,
Evelyn Chng / Brian Ng / Michelle Chong
361 Degree Consultancy Pte Ltd
Customer Service Hotline: 3152 3152
Email: enquiry@361dc.com
FAQs:
What are the qualifying criteria?
Companies can apply if:
1. They intend to create jobs that are part-time or flexible in nature;
2. Intend to hire NEW workers. These workers have to fulfill the following requirements:
i) Singaporeans or Singapore PRs; and
ii) aged 30 and above.
What costs can I claim?
The grant will support costs incurred by the company for job re-design, consultancy, recruitment, training, absentee payroll, equipment and materials associated with making part time and flexible work arrangements possible. This can include one time cost of buying additional sets of uniforms, tools, materials, etc that arise because of part time work arrangements.
However, companies cannot claim against recurrent manpower cost or staff holding cost, such as wages, medical benefits, insurance, staff welfare.
How will the grant be computed?
For Tranche 1, the grant amount will be based on 80% of actual cost incurred, and will work on a reimbursement system, capped at $10,000 per company.
For Tranche 2, the eligible grant for each company will be based on
• Number of workers recruited on part-time or flexible working arrangements and retained for at least 2 months multiplied by $1,800; OR
• 80% of the actual project costs, whichever is the lower, subject to a cap of $90,000 per company.
What is the definition of a “part-time worker”?
A part-time worker is defined as an employee who is required under his contract of service with an employer to work less than 35 hours a week.
What is the definition of “flexible work arrangements”?
Flexible work arrangements include flexi-time, permanent part-time work, job-sharing, compressed work-week, tele-working or annualised work hours.
I am the owner of a small retail shop in the HDB heartland and in the process of recruiting two female workers to work on part-time basis. Can I apply for the grant?
Yes you can apply for the grant.
MYOB Promotion October 2009
Posted by admin on Oct 24, 2009
Are you thinking of getting Singapore No. 1 Accounting Software? Here is your chance, we are launching a promotion in this month and get up to $250.00 CASH REBATE!
What’s more? You can also obtain a subsidy to defray your cost up to 50%! It’s a Mad Mad Mad Mad World
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361 Degree Consultancy Pte Ltd
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Setting up Website at 80% Subsidy (SIP)
Posted by admin on Oct 24, 2009
If you have not got your website or you are still using xxx@hotmail.com or xxx@yahoo.com.sg, time to change! To boost adoption of infocomm, our beloved government has introduced a scheme to help local SME.
This particular grant will subsidy up to 80% on the expenditure (capped at $2,000) of establishing a website which include domain registration (www.yourcompanyname.com). This is a perfect grant for new start-up!
If you are looking for other government assistance schemes for SME, visit us at www.361dc.com.
Details as follow, enjoy!
SME INFOCOMM PACKAGE (SIP) INITIATIVE
To help ease the adoption of technology by Small and Medium Enterprises (SMEs), IDA has launched the SME Infocomm Package (SIP) Initiative.
The infocomm solution package you purchase is automatically subsidized by IDA if this is the first time you are investing in a web presence for your business. The subsidy is available to 5,000 SMEs on a first-come-first-served basis.
The subsidy covers (capped at $2,000 per SME):
§ *80% of monthly broadband subscription charges for 12 months;
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*80% of monthly hosting and maintenance of website or web pages for
12 months; and
§ 80% of website or web pages development efforts.
*SME must sign a contract of at least 12 months.
You qualify for subsidy if:
§ You are a local SME with
§ at least 30% local shareholding,
§ less than $15 million fixed assets, and
§ employ less than 200 employees (applicable to non-manufacturing sector only)
§ You do not already own a website;
§ Your purchase includes the development of a website or web pages for
your business; and
§ You have not claimed under this initiative before.
Work-Life-Works $20,000 funding from Ministry of Manpower
Posted by admin on Jun 23, 2009
· Organisations who have at least FIVE paid employees.
· Organisations who would like to promote Work-Life Policy in the organisation.
For What?
· To encourage organisations to adopt a Work-Life Balance for their employees.
· To provide more opportunities for the unemployed to be introduced to the workforce.
How Much?
· The WoW! Fund will subsidise 80% of approved project costs, up to a maximum of 20,000 per organisation. It Consists of:
Common Tranche
· Maximum of $10,000 per organisation , subject to successful provision
of Flexible-Work-Arrangements (FWAs) to appropriate staffs. There are
five broad categories of FWA below:
1) Part-time Work - Employees who normally work for less than 35 hours in a week.
2) Staggered hours -Work arrangement in which employees can vary their start and finish times within prescribed limits.
Flexi-time - Arrangement where employees can vary their daily start and end times to suit their work and personal commitments. [To qualify for enhanced funding, employees must be allowed flexibility of at least 2 hour band.]
3) Job-sharing -Workload of a full time job is split between 2 or more people in the office. Jobsharers work at different times although there may be a time overlap to maintain continuity.
4) Flexi-place - Arrangement in which employees perform work in places other than the office. Employees under this arrangement may be required to spend certain ‘core’ times in the office.
Telecommuting - Refers to a variant of flexi-place made possible by information and communication technologies. [To qualify for enhanced funding, employee must be allowed the flexibility to work away from office for at least 2 working days per month.
5) Alternate work schedules -Arrangement where shifts are redesigned in innovative manners to help employees manage their personal commitments [To qualify for enhanced funding, the redesign of shift schedules must be significant and useful to employees involved.]
· At least 2 out of 5 of the categories of FWA above must be provided.
· In addition, these conditions must also be achieved:
1) Project leader has completed his/her Work-Life training.
2) HR policies are communicated to staff. [Emails or circulars on the communication should be produced.]
Enhanced Tier
· Maximum of $10,000 per organisation, subject to achieving the following:
1) Developed a Work-Life strategy to address the issues. Summary of other Work-Life or HR programmes that contribute to the success of Work-Life Harmony should be provided.
2) Completed an employee’s needs assessment to access whether the project had met employee needs.
3) Tracked how applicant organisations are impacted by the Work-Life programmes, e.g, turnover, absenteeism, overheads, e.t.c.
4) Provide proof of outcomes achieved for employees who are placed on FWA, which were declared in the Common Tranche.
· The WoW! Fund can be used to subsidise the following type of expenditures:
1) Training of HR managers and line supervisors to facilitate or implement Work-Life Strategies.
2) Engaging a qualified Work-Life Consultant.
3) Cost of physical or IT infrastructure that facilitates the development of FWAs.
4) Infrastructure and programmes that support selected Employee Support Schemes (ESS), e.g, lactation or family rooms.
Things to note
· Projects must be completed within one year, effective from date of approval.
· Only Work-Life Consultants approved by MOM may be engaged for consultancy or training.
· The MOM reserves the right to audit successful applicants at random to ensure that the disbursed WoW! Fund is used appropriately.
· Applicants should retain receipts, proof of purchases, as well as other documentary proof related to the project for 3 years.
To find out more, give us a call at 31…, by the way, this is a Singapore number and it is offered by Starhub. Shall share with everyone in the next post.
Get $20,000 work-life grant
Posted by admin on Jun 2, 2009
In today’s business competition, remuneration has not been the primary reason that employees stay with company. Money does not equal to loyalty, so how to keep employees?
The answer is rather simple, if the company gives employees what they want, they will stay. So the next question is, what employee wants?
Flexibilities is the key word, we now having very different mixed of generation, say example, generation X, generation Y, Baby Boomers & Pioneers. Our parents are probably in the pioneer or baby boomers where they work really hard, becuase, times are really bad, and working hard is the only way to servive. However, it is diffrent now, Generation X & Y wants a quality life rather than anything.
By giving more flexibilities to employees, employer will ensure long term working relationship and happy employees. Happy employees normally result in happy customer, and happy customer, will of course, pay you happily.
What’s more, our government is supporting the initiatives by extending $20,000 to all companies. To find out more about the grant, please visit our website at www.361dc.com or contact our friendly consultant at 3152 3152.
By the way, 361 Degree Consultancy Pte Ltd is a certified consulant by Ministry of Manpower.
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Workplace Health Promotion Grant
Posted by admin on May 28, 2009
Do you know Health Promotion Board (HPB) has recently revise the workplace health promotion grant? HPB will defray 80% of the cost (capped at $10,000) for the purpose of workplace health implementation. What’s more, it supports such as medical equipment, sports activitity (bowling games & etc) & etc. How about placing a massage chair in the office? Just kidding, this is NOT included in the grant. For your easy reference, I have copied the details (as follow) from HPB website, feel free to read. Source: http://www.hpb.gov.sg/hpb/default.asp?pg_id=2165
Workplace Health Promotion Grant WHAT is the Workplace Health Promotion Grant? WHAT is the value of the Grant?
The maximum grant quantum is $10,000. The organisation must co-fund the WHP project by contributing 50% or more of the project cost. WHAT can the Grant Fund?
The Grant covers a wide range of WHP services/activities including: Funding is not extended to activities that are funded by other agencies. Please refer to WHP Grant Funding Guidelines and Examples of WHP activities fundable by the Grant. WHO can apply for the Grant?
Any organisation registered in Singapore can apply. The organisation must abide by the following terms and conditions: Shoot on Sight download HOW is my organisation reimbursed? Without a Paddle: Natures Calling trailer
The Workplace Health Promotion (WHP) Grant is a funding scheme offered by the Health Promotion Board (HPB). The Grant provides financial support to help organisations start and sustain their workplace health programmes.
HOW to apply for the Grant?
Submit the completed Application Form (See attached sample) to HPB. HPB will notify you of the outcome within 15 working days upon receipt of your application.
The Grant will be disbursed upon completion of the project. To seek reimbursement, please submit to HPB:
The amount reimbursed will be based on principal sum and excludes GST. All payment will be made via GIRO.
Who is eligible for Enhanced Maternity Leave
Posted by admin on Apr 26, 2009
Recently, our clients enquire about Maternity leaves and for the benefit of everyone, here are the criteria list by MOM.
Source: www.mom.gov.sg
Who is eligible for the extended Government-Paid Maternity leave?
a) Your child is born on or after 31 Oct 2008 when the legislative amendments take effect. download 666: The Beast movie Mirrors move Popeye The Brood ipod
b)Your child is a Singapore Citizen; and
c) The child’s parents are lawfully married;
AND
You have worked for your employer for a continuous duration of at least 90 calendar days before the birth of your child;
OR
You are self-employed and have been engaged in a particular business / trade / profession for a continuous duration of at least 90 calendar days before the birth of your child; and you have lost income as a result of not engaging in your trade, business, profession or vocation during the maternity leave period.
Observe and Prepare, start your business when time is right.
Posted by admin on Apr 26, 2009
Starting a business is always not easy and through survey, most people started a business because they are passionate of what they believe.
However, when is the right time to start business? In fact, anytime is the right time. Question is: ARE YOU READY?
Opportunity knock on your door almost everyday, it is just that we do not realize because we are not trained to smell it. My mentor, Mr. Andy Ong, from ERC Holdings written a book and commented that we are brought up a environment to find a stable job and work and work. Best it is in a MNC with great benefit such as dental claim and etc. You probably recall, once discussing with friends to compare how much can you claim on benefit.
Entrepreneur is always looking out for opportunity in any time and any place! Most of the successful entrepreneur mentioned that they started the business at the right placea and at the right time. Not really, in fact, they have waited for so long and the time is right, they started the business at the right place!
Entrepreneurs have been preying and waited patiently…..
Are you ready to set up your business? Pursuing your dream? If you answer yes, start observing and and be prepared! Joy Ride ipod Martyrs movie
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Extension of GST Grant
Posted by admin on Apr 17, 2009
You can still enjoy $5000 government to expand your business till the end of June 2009.
Spring Singapore has recently announced that GST grant has been extended to 30 June 2009, which means, company or businesses who voluntarily register GST can enjoy a $5000 government grant. The grant can be used to cover accounting software such as MYOB Premier or MYOB Premier Plus. Not only accounting software, you can also use the grant to subsidize computer hardware such as laptop, server, printer & etc.
For the grant detail, please visit the following link
http://www.361dc.com/index.php?option=com_content&task=view&id=25&Itemid=27
or visit Spring Singapore website.You can also send an enquiry to
enquiry@361dc.com
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