What other notable statutory benefits does Singapore’s social security system offer?
Employers are generally required to purchase and maintain work injury compensation insurance for employees engaged in manual labour and employees whose monthly salary is SG$2,600 or less.
Employers are required to provide payment to eligible employees who are injured at work or die due to an injury sustained at work. Employees will be able to file claims under the Work Injury Compensation Act (WICA) or via Common Law. For more information on the differences, please see this website.
Does Velocity Global provide travel insurance?
Velocity Global provides a general travel insurance plan through MSH that you can opt to pay for. However, please note that the coverage under this plan may differ from travel insurances commonly offered in the APAC region. It is advised that supported employees purchase travel insurance on their own and submit their expenses on our cloud-based expense platform for reimbursement.
Can Velocity Global help me offer additional maternity or parental leave to supported employees?
There are statutory maternity and paternity leave benefits in Singapore, subject to certain requirements. If you want to offer beyond the statutory benefits, this can be facilitated by Velocity Global.