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Mar 14, 2024 · Use the quota calculator to plan how many Work Permit and S Pass holders your company can hire. For your company’s current workforce and quota, you should always check Work Permit Online.
Mar 14, 2024 · Log on to WP Online to check your company’s current workforce and quota; Use the quota calculator below to plan how many Work Permit and S Pass holders your company can hire. Calculate your quota. If you have never applied for a Work Permit or S Pass, you need to declare your business activity.
You are limited by a quota and must pay the monthly foreign worker levy for each S Pass holder you employ. Find out your quota and levy requirements, how to pay the levy and applying for a levy waiver.
Mar 18, 2024 · The minimum qualifying salary criteria for S Pass holders is $3,150 a month and up to $4,650 for those aged 45 and above. For S Pass holders in the financial services sector, the minimum qualifying salary is $3,650 and increases progressively with age, up to $5,650 for those 45 and above.
The calculator lets employers determine exactly how many S Pass and work permit employees they can hire. The quote is determined based on the sector your business is involved in. Another determining factor is your current workforce.
How is the S Pass quota calculated if the company has more than one CPF account? The company’s S Pass quota will be based on the Central Provident Fund (CPF) account declared on the S Pass application form. The following local employees are not counted when calculating your quota: Business owners of sole proprietorships or partnerships.
Sep 7, 2021 · Calculating quota with quota calculator. Get Help from Timcole. Work pass applications. Payroll services. What do recent Quota Reductions mean for Businesses in Singapore? Before these recent quota reductions happened, the DRC stood at an astonishing 45% back in 2013.
