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Singapore - LABOUR MARKET |
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Labour market indicators
Unemployment rate in
2001
:
3.4%
(ILO data)
Working population:
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Year
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Total Population
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Working population
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Activity rate
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2004
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4 335 000
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2 149 813
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50%
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Employment by sector:
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Year
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Agriculture
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Industry
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Services
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2003
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0.2%
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24.1%
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75.6%
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| Sources: ILO, Eurostat, last available data |
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Employment contracts
Legal clauses regulate employment contracts and to a lesser degree collective agreements and individual negotiations.
The terms of employment contracts are rigid. The conditions for hiring and the limits for dismissal are flexible.
Salaries
National monthly minimum wage as of
01/01/03
:
No legally mandated national minimum wage
Average wage for a
employee
in the manufacturing industry in
2001
:
3,117
dollars
by
month
(ILO data)
Social security contributions
Employer:
20 %.
Employee:
20 %.
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Number of hours
Legal definition of full time work (per week):
44 hours
Retirement age:
60
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Unions
Average rate of union membership:
15 %.
Unions:
The NTUC ( NATIONAL TRADE UNION CONGRESS), which is an organization closely tied to the government, co-ordinates the majority of trade unions. The government granting renewable licenses every year strictly controls trade unions.
Useful links
For further informations on the labour market, check out the following web sites:
- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets
- NATLEX : ILO database on national labour laws
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Ministry of Manpower
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Singapore National Employers' Federation (SNEF)
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Last modified in
January 2006
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