The New Employment Contract is a fundamental document used when establishing an employment relationship in Singapore. It serves as the primary legal agreement between an employer and employee, ensuring compliance with Singapore's Employment Act and related legislation. This document is essential for protecting both parties' interests, clearly defining employment terms, and meeting statutory requirements. It should be used at the commencement of any new employment relationship, whether for permanent, fixed-term, or contract positions, and must incorporate Singapore-specific elements such as CPF contributions, statutory leave provisions, and local labor law compliance.
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1. Parties: Details of employer and employee
2. Background: Context of employment relationship
3. Definitions: Key terms used throughout the contract
4. Position and Duties: Job title, responsibilities, and reporting structure
5. Compensation and Benefits: Salary, bonuses, and statutory benefits including CPF contributions
6. Working Hours and Leave: Standard working hours, overtime, annual leave, sick leave, and public holidays
7. Termination: Notice periods and grounds for termination
8. Confidentiality: Protection of company's confidential information
1. Probation Period: Terms of initial probationary period for new employees or role changes
2. Non-Competition: Restrictions on working for competitors, typically for senior positions or roles with access to sensitive information
3. Non-Solicitation: Restrictions on soliciting employees or customers, relevant for client-facing or management roles
4. Intellectual Property: Ownership of work products and inventions, particularly important for creative, technical, or R&D roles
5. Remote Working: Terms for working from home or remote locations, applicable for flexible working arrangements
1. Schedule 1 - Job Description: Detailed outline of role responsibilities and requirements
2. Schedule 2 - Benefits Schedule: Detailed breakdown of employee benefits and entitlements
3. Schedule 3 - Company Policies: Reference to relevant company policies and procedures
4. Schedule 4 - Performance Metrics: KPIs and performance evaluation criteria for performance-based roles
5. Schedule 5 - Equity/Stock Options: Terms of any share or option schemes if equity compensation is offered
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