Cost-of-Hiring Calculator
Salary + statutory contributions + benefits + recruitment + onboarding = the true annual cost of every hire. No surprises.
Country / statutory regime
Compensation & costs
Gross monthly salary before deductions
Amortised over 2\u20133 years if preferred
Typical agency fee 12\u201320%. Set to 0 for direct hire.
True Annual Cost
S$84,635
True Monthly Cost
S$7,053
Effective Multiplier
1.41×
Annual cost breakdown
| Cost component | Annual | % of salary |
|---|---|---|
| Base salary | S$60,000 | 100.0% |
| Statutory contributions (SG) | S$10,335 | 17.2% |
| Benefits (health + transport) | S$3,000 | 5.0% |
| Equipment & workspace | S$1,800 | 3.0% |
| Recruitment fee | S$9,000 | 15.0% |
| Onboarding cost | S$500 | 0.8% |
| Total annual cost | S$84,635 | 1.41× |
Cost composition
Frequently Asked Questions
Understanding the real cost of hiring
🇸🇬 Singapore — Employer contributions
Rates used in this calculation
Capped at S$6,800/month; reduces with age
Min S$2, max S$11.25/month
Budget planning tips
- Add 20–30% on top of salary as a baseline for statutory + benefits in SEA markets
- Recruitment agency fees are one-time but significant — factor them into year-1 cost
- Equipment can be amortised over 2–3 years if you reuse hardware
- For contractors, remove statutory contributions but add invoice markup (15–25%)
Disclaimer: Contribution rates are indicative and may vary by employee age, salary band, and company size. Always verify with your local payroll provider or statutory authority.
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