Blog

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.

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.

Giving Yourself A Salary Hike

With the rising inflation rates and higher costs of living, it might seem that saving money from our monthly salaries should be high on our priority list. However, with the seemingly astronomical increase in inflation rates and cost of living, the annual salary raises that we look forward to might not be sufficient to keep us afloat in the coming years.

Can you associate "payroll" and "delight" together? You definitely can. With a wide array of payroll software vendors out there offering more or less the same features and functionalities, it is a hard to decide which one to go for. Even for those who are using a payroll software, many are procrastinating on the switch because they are not able to see a strong reason to change. However, it is not too difficult to make a choice. Choose between a painful payroll experience versus a delightful one. A rational decision is to go for the later.

At Gpayroll, we want our customers to enjoy their payroll experience. Starting from the initial implementation to the regular monthly payroll processing, our Customer Success team is there to offer you the help you needed. If you have been following us, you will know that we beat out 18 other companies to emerge as the winner of the inaugural HR Tech Pitch-Fest at HR Festival 2019. Excuse us for flaunting it a little. We are definitely not shy to share what it is that makes us uniquely different from the others. So what are our unique selling points?

Customers always want more

Payroll functionalities like payroll calculation, electronic payslips, employee self-service and standard integration with accounting softwares with Xero and Quickbooks, we have it all. But that is not enough. We have "something" more and that is we are the first and only payroll software vendor that has AutoWage & AutoFiling. What exactly does that mean and how does it help in delighting our customers?

Spending hours doing salary payments and statutory filing yourself? That's boring and a waste of time. We are pretty sure you do not want to miss out what we are going to share below. You will be delighted to know that "somebody" can do the salary payments and statutory filing for you. Gpayroll is the "somebody". Our payroll software can automatically disburses salaries and files monthly provident fund on your behalf.