Blog
Increase CPF contribution rate to strengthen retirement adequacy
24/09/2021
The CPF contribution rates for employees aged above 55 to 70 will be increased by 1.5-2% with effect 1 JAN 2022 to strengthen their retirement adequacy. This will impact the take-home nett salary of employees in this age range as well as the labour costs to the employers. There are no changes to the graduated… View Article
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Firms to notify MOM of any retrenchment
23/09/2021
New requirement!!! With effect 1 Nov 2021, firms with at least 10 employees will have to notify the Ministry of Manpower (MOM) each time they retrench any staff. Companies can notify MOM of retrenchments via its website by submitting information including the size of the workforce before retrenchment and the details of the affected worker,… View Article
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SNAP WFH Arrangements
22/09/2021
Starting on 22 Sep 2021, a snap WFH regimen will be implemented only if three or more employees working in the same premises test positive for Covid-19 within a period of seven straight days. The duration of enforced WFH – for workers who are able to work from home – will also be cut down… View Article
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Progressive Wage Model (PWM)
09/09/2021
Recommendations for Progressive Wage Model (PWM) for lower-income workers will be rolled out by 2023. The higher wages for low-wage workers are expected to lead to higher prices for goods and services for consumers. The PWM measures will be rolled out in phases from Sept 1, 2022 and March 1, 2023. Feel free to contact… View Article
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Unemployment grants / support for PMETs
07/09/2021
Update on unemployment grants / support for PMETs NTUC calls for unemployment support for PMEs beyond current grants Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #HR #Unemployment #PMET #Grants
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Impact of WFH arrangements at workplaces in S’pore
31/08/2021
Businesses : How have the Work-from-home arrangements worked out for your corporate culture and business efficiency thus far? With the easing of Covid19 curbs at workplaces with effect 19 Aug 2021, will there be likely changes in your work schedules and arrangements from what has transpired in the past 1.5 years? Let’s take a look… View Article
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Updated Advisory for Covid19 Vaccination at the workplace
30/08/2021
New guidelines are issued by tripartite partners Ministry of Manpower (MOM), National Trades Union Congress (NTUC) and Singapore National Employers Federation (SNEF) on 23 Aug 2021 – Updated Advisory for Covid19 Vaccination at the workplace. Quick Summary of the Advisory: All employers are urged to consider implementing a regime for existing employees and new hires… View Article
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New measures to retain, hire work permit holders
24/08/2021
This spells good news for the construction, marine shipyard and process industries. New measures to retain, hire work permit holders in construction, marine shipyard and process sectors Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #HR #Hiring #Workpasses #employmentvisas #singaporejobs… View Article
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Change in growth forecast for Singapore
23/08/2021
Change in growth forecast for Singapore: Singapore raises 2021 growth forecast to 6-7% on faster Covid-19 vaccinations Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Growthforecast #Trends #Economy #vaccinations
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Virtual AGMs gains pace despite concerns
23/08/2021
Online AGMs have been the latest trend in the midst of the pandemic. Is the trend here to stay? Virtually forever? Switch to online AGMs gains pace despite concerns Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #AGM #OnlineAGM #virtualAGM
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