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Category: Employment

How To Employ Foreign Nationals In Your Singapore Company

Every year about few thousand foreign owned companies get registered in Singapore. At the same time, the number of foreign professionals working in the country has gone up considerably and now over one-third of the entire working population in Singapore comprises of overseas professionals. Although this year saw a number of amendments introduced on the employment pass scheme to ensure only the best minds were able to live and work in Singapore, overall it is fairly simple for a company to employ foreign nationals in the country.
Firstly companies that need to employ foreigners for whatever reason must ensure they apply for an employment pass for each of the foreign professional they want to employ. The employment pass is actually the main type of work visa meant for foreigners that want to work in Singapore. Obtaining an employment pass takes about a month and authorities would check the background of both the professional who is being employed as well as the company that is employing the foreigner. With the recent changed introduced in the eligibility criteria for an employment pass, authorities in Singapore would look at the relevant work experience of the foreign professional, their educational qualifications as well as their existing and offered salaries in Singapore. The third criterion, that of salary is an important addition to the eligibility for employment pass as Singapore wants to ensure highly skilled professionals who already have a good professional background are able to enter the country.
Foreign companies that are about to incorporate in Singapore and need to bring in staff from their head office can apply for the employment pass immediately after receiving the certificate of incorporation. Again it must be noted that an application has to be submitted for each of the overseas staff members they wish to relocate. Ministry of Manpower (MoM) in Singapore processes employment pass applications and they would ensure that the employment offered is legitimate and whether all rules and regulations are being followed.
If a company in Singapore wants to employ a foreigner who is already working in the country for another company, they must endorse a new application for the foreign professional as each employment pass is connected to one employer. Moment the foreigner stops working for the company that originally employed them, their employment pass expires immediately. Hence for change of companies, foreigners need to apply for the employment pass again endorsed by the new company employing them.

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Outlook And Opportunities Of The Engineering Jobs Of United Kingdom

United Kingdom is the 7th largest manufacturing nation in the world, provides employment for about 8 million people in the engineering and manufacturing sector.

This article seeks to list the various engineering as well as allied industries which provide ample opportunities for engineering jobs.
1.Aerospace: More than 3,000 companies which cater civil as well as military air transport equipments provide employment to approximately 96,000 people or more.

2.Automotive: A combination of professionals as well as apprentices forms a massive task force of 73,000 in the UK alone in the automotive industry. In 2011, the industry absorbed almost 11% of the entire graduates from UKs leading educational institutions and universities.

3.Chemical: The industry is made up of 3,300 companies offering employment to 200,000 people.

4.Electrical and electronics: with more than 11,000 companies and over 250,000 employees this industry tops the order of the highest average number of employees per organization.

5.Metals and minerals: From the time immemorial UK has been a pioneer in the metals and mineral processing industry and has been responsible for introducing many cutting edge technological advances to the world.

6.Marine: with close to 5,000 companies employing 90,000 workers, this industry also provides employment and job opportunities for various small scale industries.

7.Oil and gas: providing employment to about 440,000 employees this sector is the backbone of the country proving power to light homes and fuel for transport.

8.Pharmaceutical: UK employs about 67,000 people in its pharmaceutical industry which gathers the maximum investment for research and development projects.

Employment outlook of industrial sector for graduates

Fresh graduate recruits for engineering jobs can expect wide exposure to knowledge as well as processes that various industries deploy in their operations. Engineering jobs require working in different environments and scenarios which can be equally challenging as well as rewarding. Depending on the nature of the job, graduates may be hired for engineering jobs requiring working in extreme outdoor conditions like oil rigs, construction sites or even in the comfortable seat of an office cabin. The average earnings of a fresh engineering recruiting may range anywhere in between 25,500 to 27,000 as industry statistics.

Recession and its impact on employment opportunities

Although the recession had a major downtime in creating employment in the engineering sector as well as many other sectors, a quick progress is anticipated to result in business development and creation of employment opportunities including engineering jobs. The government is also taking initiatives to foster growth in manufacturing and engineering sectors through the introduction of special economic development plans to encourage the young generation to seek employment in these industries. The engineering industry is expected to show explosive growth after the destructive effect of the recession. The 2011 statistics have already revealed the unemployment rates to have fallen and more graduates to have secured employment in a much easier manner. With global corporations like Airbus, Toyota, Ford, jaguar, Shell, etc sketching their development plans in the UK, the employment rates are up for a boost and hold great promise for graduates in engineering jobs.

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Singapore Employment Pass Important Requirements For Foreign Applicants

The Singapore Employment Pass is a visa issued to foreign businessmen, shareholders, managing directors, supervisors, and employees with specialized skills, according to the Ministry of Manpower (MOM).

To prove their eligibility, foreign applicants are required to provide MOM with these following documents and certificates:
Educational certificates, and if applicable, testimonials from their previous employers.

All the documents and testimonials should be in English, if not, these should be translated into this language by an authorized translation service.
A completed Employment Pass Application form which is downloaded from MOMs official website.

For professionals: In case that their employer is a Singapore-based company, they should be sponsored by this business entity. However, if their employer is an overseas company which does not operate a local office, they should get sponsorship from a local company which must sign the EP form and stamp this with its company seal.
A company should provide its latest business profile which must be registered to the Accounting and Corporate Regulatory Authority (ACRA). However, if a company is not yet registered to this agency, it should provide at least the registration papers from its respective professional body.

The applicants passport-sized photograph which must be taken within the past three months.

Relevant travel documents and passport particulars of an applicant.

It is important to note that MOM usually requires additional documents and certificates to foreign entrepreneurs. For example, they are required to secure an approval letter from the International Enterprise Singapore if they are planning to setup a representative office.

The approval letter should state the purpose of the application, duration of an applicants assignment, and activity for the maintenance and repatriation of an applicant.

Meanwhile, foreign professionals such as doctors, dentists, school teachers, nurses, lawyers, and pharmacists are also required to submit supporting documents provided by their respective accreditation agency or professional body.

Requirements for EP Applicants

One of the most important requirements is a college diploma from a reputable university. However, passing in this qualification does not guarantee a successful EP application since MOM also considers other factors.

For professionals, they should have several years of work-related experience, specialized skills, and at least a fixed monthly salary of S$2,500. And for businessmen, strong entrepreneurial skills and their companys reputation, background, and paid-up capital will determine their eligibility for this visa.

In some cases, MOM also considers an applicants age, roles and responsibility in a company, and current citizenship.

Madison employment agencies – a best solution to your staffing needs!!!!

To find the right person for the right job is a tedious as well as time consuming task. It involves a number of steps to be followed during the staffing process starting from the job advertisement to the final recruitment and joining of the selected candidate. All these steps should be performed skillfully such that only the deserving candidate would make his/her way to the selection. The Madison employment agencies help the organization in this regard and perform the recruitment process on their behalf. They have trained experienced and skilled professionals who judge the expertise, knowledge and competency of the applicants in an efficient manner. They offer the staffing solutions for variety of jobs such as manufacturing, clerical, industrial, technical and others. They ensure the top management of selecting and recruiting the deserving candidate thus relieves them from undertaking the complicated recruitment process to find the appropriate candidate. They offer direct hire employment, contractual basis staffing, and temporary staffing both for short term and long term and temporary-to-hire staffing solutions to the organization.

Full assurance of effective management

At the same time they help to cut down the expenditure related to the recruitment process and thus enable the organization to cater to the staffing needs in an economical way. Besides this, they also give training to the new employees so as to make them understand the work for which they have been employed such that they can adjust in the work environment easily. They provide technology based training to the old employees to make them compatible with the latest technology which would be beneficial for the organization. Apart from this, they also help the unemployed people by giving them the opportunity of the immediate employment. The temporary assignment helps the unemployed people to gain experience and also to understand the area of interest such that they can be sure of the career option and can achieve the desired success.

Satisfy your staffing needs to the maximum

Thus, the madison employment agencies provide a reliable solution to the staffing needs of the organization. They help the workforce to find the right job in accordance with the skill and qualification thus enabling them to attain the goal. They also provide free career counseling to the aspiring professionals to help them realize their talent and a successful career alternative. So, they provide the opportunity of immediate employment and enable them to meet their needs and requirements in a convenient and suitable way. Thus they contribute towards the growth and development of the nation by catering to the staffing needs of organization.

To conclude with this, these agencies help the organization to find the right and suitable personnel who can work with full dedication and contributes towards the growth of organization.

Reading the reviews provided by the author is one of the best ways to gain necessary information on http://www.employmentagenciesmadison.com/contact/

Google Adsense Self Employed Taxes Helping You Know Your Responsibilities

Estimated Tax Payments: If you are a sole proprietor, a partnership, or a shareholder in a Sub-chapter S corporation, you are considered self-employed. Since you don’t have an employer deducting taxes from your pay throughout the year, you are responsible for making advance payments of your estimated federal income tax. Estimated tax payments are due quarterly – on April 15, June 15, September 15, and January 15 – and are filed on a Form 1040-ES. At the end of the tax year, you will file a final Form 1040 with a Schedule C, which itemizes your business expenses for the whole year.

To avoid underpayment penalties – which are substantial – individuals whose adjusted gross incomes were under $150,000 need to have paid at least 100 percent of their prior year’s tax bill. People whose incomes were over $150,000 need to have paid 110 percent of the amount they owed in the prior year.

It’s in your interest to make your estimated tax payments during the year. This system also keeps you from owing a large sum of money all at once, which can be overwhelming. If your state of residence has income taxes, as most do, you will have to make estimated tax payments throughout the year for state taxes as well.

2. Self-Employment Tax: Your estimated tax payments will also include the federal self-employment tax – Social Security and Medicare. If you were employed by someone else, your employer would pay half of your Social Security and Medicare and the other half would come out of your paycheck. Self-employed people must pay the full amount themselves; however, 50 percent of the self employment tax is deductible on the 1040 form.

What if you are a salaried employee and you operate a home-based business as a sideline? In this case, you’ll be filing both the usual Form 1040 and a Schedule C for your home business deductions; you may also have to pay additional self-employment tax. No matter how little your sideline income is, you should be aware that it is subject to tax – although by taking advantage of the home-office deduction, you may find you owe little or no taxes.

3. Employment Taxes: Home-based workers who employ others must comply with many additional tax requirements. IRS Circular E, Employer’s Tax Guide, covers the federal regulations, and your state tax agency can inform you of state requirements for employers with regard to income, state unemployment, and workers’ compensation taxes.

If you employ your children or grandchildren, their earnings are deductible. Family businesses do not need to pay Social Security or unemployment taxes on minor children, and the children pay no income taxes on the first $3,000 of earned income. To substantiate this claim, keep time records of their work (the records will be more believable to the IRS if a non-relative keeps them), note the work done, and pay family at the rate you would pay a non-family member for the same work.

4. State and Local Taxes: Depending on where you live, you will face a variety of state and local tax requirements. All but nine states (Alaska, Wyoming, Nevada, Florida, Tennessee, South Dakota, New Hampshire, Texas, and Washington) have state personal-income taxes. But even those may have taxes on business. For example, Florida levies an income tax on corporations. Some cities, like Kansas City, have earnings taxes apart from the state income tax; others have unusual taxes on business. New York, for example, taxes unincorporated busines