Working Hours
Most companies have a 5 and a half day working system, with half a day of work on Saturdays and a rest on Sundays. However, in recent years, 5-day workdays have also become more common. Generally speaking, the work day is 8 hours with a 1 hour lunch break in between.
Medical
Singapore is one of the largest medical tourism destinations in Asia because of its advanced medical equipment and world-leading medical standards, as well as its low medical costs compared to other European and American countries.
Children's Education
Currently, children of permanent residents study at S$13/month for elementary school and S$22/month for ZF secondary school. Depending on the latest policy of the Ministry of Education, there may be some adjustments. It is estimated that the general increase will not exceed 30%. Tuition fees for autonomous schools have been adjusted to S$220/month in some cases. About 0.3-0.5% of parents' income
Pension system
Everyone in Singapore has their own pension account; women contribute up to the age of 55 and men up to the age of 60. When you retire and stop working, CPF helps you to become financially independent. Your employer and you are required to make a monthly CPF contribution, and when you turn 55, you only need to keep the minimum deposit, and the rest of your CPF savings can be withdrawn. The current minimum deposit is S$70,000 Until age 55, you can use your CPF savings to pay for hospitalization, buy a home, take out insurance and invest.
HS
Singapore has a very good housing policy - the Singapore HDB policy, which is equivalent to affordable housing in China. The HDB system is the foundation of stability in Singapore. The HDB flats are cheap and of good quality and are the fundamental for the people of Singapore to live and work in peace and happiness. Permanent residents, foreign senior employees (EP, P1, P2 work visa holders) can directly apply to HDB for renting HDB flats at a price lower than the market rental price. There is basically no special restriction on renting a ZF HDB flat, and some people have rented for as long as 10 to 8 years, but this is the same flat, and once the rental contract is terminated, it is no longer possible to rent a flat from ZF. Permanent residents are not entitled to the ZF housing subsidy. If you have already purchased a HDB flat when you were a permanent resident, you will not be able to get the rental subsidy if you apply for citizenship later on.
Other Benefits
Companies in Singapore tend to provide comprehensive benefits to their employees, with many offering key benefits such as outpatient and specialist medical treatment. About half of the companies also provide medical benefits for the immediate family members of their employees. Employers generally provide life, personal accident and hospitalization insurance for employees, with coverage ranging from 12 to 36 months' salary, with an average of 24 months.
Other major rewards include job-related training and access to leisure facilities. Employees employed under the Expatriate Staff Allowance Package may be able to receive additional benefits such as transportation/car and entertainment allowances. These additional allowances generally range from $600 to $2,400 per month. Other out-of-work benefits for expatriate employees include housing allowance, childcare allowance and payment of children's school fees.