Companies Are Doing This One Thing To Reduce Employee Stress

14 January, 2020
By G-Team in Payroll
In a survey conducted by investment management company, BlackRock in 2017, survey results show that Singaporeans are worried about outliving their retirement savings.

According to the survey results, 64% of Singaporeans are worried about running out of retirement. This figure is the highest proportion across the Asia Pacific region. Additionally, nearly nine out of ten Singaporeans believe that they are responsible for their own retirement savings. However, less than three-quarters of the survey respondents have started saving.
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Payroll tips for you this festive season

05 December, 2019
By G-Team in Payroll
It is just a few weeks away from Christmas and many are processing their payroll early this month. Who wouldn't want to have an delightful payroll experience? For many small business owners, year end is a busy period for payroll and tax filing preparation. If running payroll for the last couple of years has been a little nutty, how about a change this coming new year?
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Basic Income versus Living Wages in Singapore

26 November, 2019
By G-Team in Payroll

Singapore is one of the highly developed countries in Asia Pacific, with a thriving economy and high quality of living but, wait there is no minimum wage?

A minimum wage or “basic income” as referred to in other countries is the lowest wage in which an employee can be paid. The minimum wage across countries varies and ensure that employees are sufficiently paid. There are around 193 United Nations member states that have a minimum wage system in place. However, Singapore is one of the few countries with no minimum wage. In fact, wages in Singapore are determined by the labour market demand and supply.

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The Best Way To Pay Your Employees

25 November, 2019
By G-Team in Payroll
Pay day is undoubtedly the one of the few days in the month, besides the weekends, that employees eagerly look forward to. However, when employees do not receive their pay on time or discover that they have been paid less than what they should be getting, it will certainly result in frustrated and angry employees.

As an employer, it is imperative to ensure that employees receive their pay on time and ensure that the correct amount of wages is disbursed to the employee. These are highly dependent on multiple factors, such as the HR professional who is processing the entire company's payroll as well as the method of salary disbursement, Unfortunately, each companies may have various methods of salary disbursement - some might work in the favour of employers but at a disadvantage to employees.

Here are some common salary disbursement methods which may be more favourable for employers but not for employees, and vice versa.
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