A full time employee refers to a Singaporean or Permanent Resident who:
- Earns at least $1,000 per month.
- Is employed under a contract of service. This includes the director of company who is also a paid employee.
Two employees who earns at least $500, but less than $1,000 each per month, can be considered as one full time employee.
Employees A and B are considered full time employees because they earn at least $1,000 per month.
Employees C and D are considered part-time employees because they earn at least $500 but less than $1,000 per month.
Employee E is not considered as his salary is below $500.
|Total number of full time employees
The following are not considered when calculating your quota:
- Business owners in sole proprietorships and partnerships.
- Employees who receive CPF contributions from three or more employers.
If you hired new employees recently
, you won’t see an immediate adjustment in your quota. It depends on when you pay the CPF contribution for each employee.