Singapore’s business environment is one that has international acclaim as one of the most vibrant and thriving business hubs in the Asian region. Companies in Singapore are always striving to meet their needs of finding the perfect candidate to fit the various roles within an organization, and that is where Employment Agencies come into play.
If you are thinking about starting an Employment Agency business in Singapore, this must-read guide is for you.
In Singapore, an Employment Agency is a company which has been established to help other companies fulfil and meet the demands of their staffing and recruitment needs. Employment Agency employees will usually serve as the middle person between the interviewee and the company, helping the company screen for potential employees and source for the best candidates to fit the roles. An Employment Agency can assist with both local and foreign candidates, and when it comes to position levels, the range can be anywhere from top-level positions to executives.
Employment Agencies in Singapore must be in possession of what is known as an Employment Agency License or EAL for short before they can commence their business activities in Singapore.
This license is a mandatory requirement for any Employment Agency intending to dabble in the recruitment business. Employment Agencies in Singapore are governed by the Ministry of Manpower (MOM) Singapore. Irrespective of whether you intend to base your Employment Agency in Singapore or overseas, or whether your Employment Agency is going to deal with recruiting for jobs in Singapore or abroad, you are going to need an EAL before you can begin.
To successfully setup an Employment Agency in Singapore, you would need to fulfil the following requirements:
If all your documents are in order, your Employment Agency License should be issued within 3-5 weeks.
An Employment Agency in Singapore would generally cover the following scope of activities: