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Contract Staffing in Singapore
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Contract Staffing
in Singapore
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More and more companies are turning to
flexible staffing options - one of which is contract staffing…
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| With the current economic
situation, more companies are turning to flexible staffing options - one of
which is contract staffing. Contract staffing has been widely accepted in
America and many European countries. However, in Singapore, many still have
misconception of what contract staffing is all about. |
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| Reasons for Contract Staffing |
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Companies hire contract staff for
various reasons. Some of which are :
 Headcount
issue
Special
Project (only requires the staff for the project period)
Uncertain
of business outlook
Starting
up new department / division
Company
Restructuring / Reorganization
Cost
savings
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| When you take up a contract job,
it does not necessarily mean that you have to pay a penalty if you do not
complete the complete the contract period. In most cases, there will be a
termination clause in the employment contract, just like in a permanent
employment contract, to state the notice required by either party. With the
current job market, employers will find it difficult to attract good candidates
to take up their contract job offer if they put a heavy penalty on them for not
completing the contract period. On the other hand, they are normally quite
willing to give a completion bonus if the staff completes the contract period.
Typically, the duration of a contract job may vary from 3 months to 1 or 2
years.
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Depending on the salary and
duration of the contract, most companies offering contract jobs will offer the
following benefits :
Employer
CPF contribution (in accordance to CPF Act)
Workmen’s
Compensation Insurance (in accordance to Workmen’s Compensation Act)
Annual
Leave (in accordance to Employment Act)
Medical
Leave (in accordance to Employment Act)
Medical
Reimbursement (in accordance to Employment Act)
Maternity
Benefit (in accordance to Employment Act)
Other additional benefits include :
Hospitalization
Insurance
Dental
Allowance
Completion
Bonus |
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| Currently, many companies are
going through major restructuring and reorganization. As such, even if you take
up a permanent job, it may not mean necessarily mean long-term employment with
the company. On the other hand, a contract position may be even more secured as
the cost to the employer is much lower. |
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| Consider these before you select a
contract job offer : |
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Is this a good company ? (you will generally be able to get more exposure in
reputable multinational companies)
What is
my job scope ?
Does
this job give me the opportunity to develop new skills and enhance my job
experience so that it will help in my next job search ?
Terms
of the contract |
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When selecting a job, it is important to discuss and negotiate on your
compensation and benefits package with your perspective employer and to ensure
that you are clear about its terms and entitlement. Be it selecting a permanent
or contract job, one should always ensure that the job is able to give you the
opportunity to learn and develop yourself. Selection should not be based on
purely on whether it is on permanent or contract basis.
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Courtesy of Jobsnet.asia –
Singapore's interactive jobs website for job seekers and recruiters
To go back to Jobsnet.asia – Singapore’s leading recruitment portal click here |
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Should
I take up a Contract Job