What types of employment agreements can be accommodated in Singapore (i.e., fixed-term, part-time, hourly, etc.), and what are the restrictions for each type? Does Pebl have templates available?

In Singapore, a variety of employment agreements can be accommodated, including:

• Indefinite Employment Agreements
• Fixed-term Employment Agreements
• Hourly Employment Agreements: These agreements must specify the number of work hours per day or week, as well as the hourly rate of pay. However, Velocity Global Singapore does not currently support payment processing or hour tracking for hourly employees.
• Part-time Employment Agreements: These agreements should not require the supported employee to work 35 hours or more per week.

Velocity Global Singapore provides templates for these types of employment agreements upon request.

Is it necessary for the employment agreement to be bilingual with the native language taking precedence in Singapore?

In Singapore, the employment agreement is exclusively written in the English language. It is not necessary for the employment agreement to be bilingual with the native language taking precedence.

Can seniority be recognized in employment agreements in Singapore?

Seniority can be recognized in employment agreements in Singapore. This is achieved by including language in the employment agreement that specifies an earlier start date for the supported employee for the purposes of determining employment benefits and tenure.

Can variable compensation be included in the employment agreement or should it be outlined in a separate Variable Compensation Plan in Singapore?

Variable compensation should always be outlined in a separate Variable Compensation Plan and not included within the employment agreement.

Does the Variable Compensation Plan require a local translation in Singapore?

The Variable Compensation Plan does not require a local translation in Singapore.