HR and Payroll Services in Singapore
FastLane Group provides payroll and HR solutions for foreign companies in Singapore to comply with local regulations. With our expertise in navigating worldwide HR and payroll scenarios, you can trust us to maintain compliance with local statutes.
Streamline your global enterprise’s HR process with cloud-based solutions, benefiting from advanced systems and best practices to ensure accuracy and efficiency. Focus on your core activities and achieve efficient workforce management with Fastlane Group.
Why Choose Us 
Stay compliant at all times
Stay compliant at all timesTake advantage of the FastLane Group’s professional knowledge to stay on top of your Singapore employer obligations.
Focus on growing your business
Let us handle your complicating and time-consuming HR & Payroll process for you, dedicate more time to growing your business.
Reduce Costs
Enjoy a full HR and Payroll team without having to build this team yourself.
Cloud-based Systems
Let us manage your Payroll and HR obligations online completely.
We offer a wide range of comprehensive payroll packages
Payroll Management
- A Deliciated HR Specialist
- Payroll Software Setup & Implementation
- Employees’ Onboarding and Offboarding
- Monthly Payroll Calculation
- Employee Salary Payment Arrangements
- Employees Expenses Reimbursement
- EPF Contribution Calculation for Employer and Employees
- Payslips Creation and Distribution
- Leave Records Management
- Monthly Payroll Report
- Maintenance of Employees’ Personal Records
- Employer’s Tax Return Filing
Singapore salaries tax advisory
- Preparation and submission of individual tax returns
- Personal salary tax filing
- Salary tax advisory
HR administration and support
- Employee CPF enrollment
- Employees’ medical insurance schemes enrolments
- Advisory for employment regulation compliance
- Work Visa Application Assistance
CPF Administration Services
- Authorization to act on behalf of the employer
- Compile a monthly summary
- Provide a monthly CPF remittance statement for submission
- Employee enrolment, termination, and contribution arrangement
We utilize the following online payroll tools
Talenox
Talenox is a cloud-based HR software that is designed to manage tasks related to payroll and leave and was nominated as Best Payroll Software by HRM Asia. Being able to fully integrate with platforms such as Xero and coming with an easy set-up process, Talenox is an efficient way for companies to streamline their HR processes.
Trusted by 1000+ business owners since 2013
Grana
“FastLane have supported our capital raising round by advising and building our financial models, setting up Xero and Unleashed inventory systems, so we can focus on growing our business.”
Nanoleaf
“FastLane is the perfect fit for startups that are looking for flexibility, trustworthy consulting, and someone that is willing to work with you to grow the business together.”
Soundbrenner
“FastLane has allowed us to spend less time on these parts of the business, and hence contributed to our successes in becoming a global music technology brand.”
Frequently Answered Questions
If you’re a small business or startup. Small businesses and startups often don’t have the time or resources to manage payroll in-house. Outsourcing can be a great way to free up your time and resources so you can focus on other aspects of your business.
If you have a large number of employees. If you have a large number of employees, managing payroll can be a complex and time-consuming task. Outsourcing can help you reduce the administrative burden of managing payroll and free up your time to focus on other tasks.
If you’re expanding into new markets. If you’re expanding into new markets, you may need to comply with different payroll laws and regulations. Outsourcing can help you ensure that your payroll is compliant with all applicable laws and regulations in each market.
If you’re experiencing payroll problems. If you’re experiencing payroll problems, such as errors or late payments, outsourcing can help you get your payroll back on track.
Cloud-based / online payroll software offers a diverse range of benefits not commonly found in traditional payroll systems. Very simply, users of a cloud-based payroll software can enjoy cost advantages, increased efficiency, improved financial control and can devote more time and resources to business driving activities.
FastLane Group charges a setup and monthly processing fee in accordance with our clients headcount. Employees will only be counted towards the headcount when they are onboarded. Payroll, EPF calculations, tax administration and related off-boarding / termination filing services are included in our monthly fee. Other advisory fees are based on fixed fee quotations on a case-by-case basis.
The CPF Board collects SHG contributions from employers on behalf of the SHGs. The SHG contribution rates based on the tier of Monthly Total Wages. Employers are required to deduct the SHG contributions from their employees’ wages and remit them to the CPF Board.
CPF is a compulsory social security savings scheme in that it requires both the employer’s and employee’s contributions. This is essentially a financial savings for Singaporeans and PRs some fund to withdraw upon retirement. It offers people enough resources to provide for their retirement, homes and health care.
Yes, employers must make monthly CPF contributions for their Singaporean and Permanent Resident (PR) employees.
- Register as an employer with the CPF Board. You can do this online or at any CPF Service Centre. You will need to provide your company’s name, address, and contact details, as well as your NRIC number.
- Submit your employees’ personal details to the CPF Board. This includes their names, NRIC numbers, and basic salaries. You can do this online or by submitting hard copies of the forms to the CPF Board.
- Deduct CPF contributions from your employees’ salaries. The CPF contribution rate is 37% of your employees’ monthly salaries. You will need to deduct 20% of their salaries and contribute another 17%.
- Remit the CPF contributions to the CPF Board. You can do this online or by submitting hard copies of the CPF contribution forms to the CPF Board.
MediSave is a compulsory savings scheme for Singapore citizens and permanent residents. It helps individuals put aside part of their income into their Medisave Accounts to meet their future personal or immediate family members’ hospitalization, day surgery and certain outpatient expenses.
When building and managing a team, Singapore employers must take into account the various regulations surrounding employment. We understand that staying up-to-date with Singapore’s constantly evolving statutory employment requirements can be a time-consuming and tedious task. FastLane Group can provide updates on any regulatory developments and advise on how best to navigate and adhere to your business’s employer responsibilities.
Understanding payroll in Singapore is important as it entails insight into statutory deductions, schedules for statutory payments, accurate salaries disbursement and filing of payroll returns properly. The knowledge of payroll needs helps avoid penalties, lawsuits and ensures smooth operational performance.
The payment options available are weekly, bi-weekly or monthly payments. Any arrears in the last payment are to be cleared seven calendar days prior to a new wage period. Overtime payment shall follow fourteen calendar days after the wage period.
Normally, an individual’s normal working time is 44 hours a week. Anything over and above this is deemed as overtime.
The records to be kept by an employer include salaries, CPF contribution, deduction, and overtime records that should cover at least two years.
Yes, employees are granted seven to fourteen days of paid annual leave based on the year of service.
Yes, the main law on employee-employer relations in Singapore is the Employment Act which encompasses almost all working people.
The 13th-month bonus is not legally required but is widely used in practice. The employer would also have to fulfill such a promise should it be included in the employment contract.
SDL is a mandatory charge levied on every employer to foster continuous learning and skill formation in the labor market. Each worker gets a levy of 0.25 % on total monthly wages. Minimum is $2 and the maximum is $11.25.
The use of payroll software makes things easy as it takes care of all calculations relating to staff salaries, keeps records in order and up to date for future audits and also is effective as far as any changes in legislations.
Yes, the law requires all employees to receive an IR8A declaration from one’s employer on or prior to March 1st, each year declaring their income for a previous financial year.
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