Payroll in Singapore isn’t just about paying salaries on time. It’s a critical function that ensures compliance with Singapore’s labor laws, manages tax contributions, and supports employee well-being through timely and accurate payments.
When managing a Singapore-based workforce, payroll can seem complex due to regulatory requirements, but we’re here to simplify the process.
In this guide, we’ll walk you through how to set up and run payroll efficiently in Singapore in seven simple steps.
How to Run Payroll in Singapore
Step 1: Start Here
Click on “Hire & onboard” to begin onboarding employees and setting up payroll in compliance with Singapore’s employment laws.
Step 2: Import Employee Details
Select “Direct employee” and add employee information including basic details, salary details, and benefits. Use the bulk onboarding feature or integrate with your HRMS for efficiency.
Step 3: Customize Payroll
Go to “Settings” > “Company settings” to define payroll cut-off dates, pay dates, and statutory pay components such as allowances and commissions.
Step 4: View Summary
Click on the “Payroll” tab to view the Payroll dashboard and select your Singapore entity to review a consolidated summary of payroll across your Singapore-based employees.
Step 5: Confirm Payroll
Select “Confirm payroll” after reviewing pay calculations, including tax deductions, benefits, and Singapore-specific contributions.
Step 6: Process Payroll
Generate payroll reports upon submission. The dashboard updates with processed payroll details, ensuring compliance with Singapore’s tax and labor laws.
Step 7: Access Reports and Publish Payslips
View and download payroll reports, tax filings, and variance reports. If any issues arise, reach out to your CSM. When ready, publish payslips, which can be integrated with your HRMS and accessed via employee self-service portals.
Singapore Payroll, Simplified
With Multiplier, running payroll in Singapore is reliable, transparent, and fully compliant with local regulations. Book a demo today to see how we can streamline payroll for your Singapore-based team.
