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The Lanturn Blog

Carefully curated and thoughtfully written content for businesses of any size.

FOR FOUNDERS

5 Tips on Hiring the Right Staff for Your Small Business in Singapore

December 2022

The Lanturn Team

In the beginning, one might not give hiring employees much thought, especially if the business is tiny or if you and your family can occasionally pitch in to help with the day-to-day operations. But as you expand, you'll eventually need the extra hands. Even if you don't need to expand your workforce immediately, keeping these tips in mind will be useful, particularly if you require someone immediately.

Here are Lanturn’s 5 Tips for Hiring the Best Candidate:


1. Determine if you need a freelancer or an employee

Evaluate whether your business needs someone temporarily to hold a position or a full-time employee.

In some situations, hiring a freelancer or independent contractor can give your small business more leeway and meet your business's immediate demands. They also tend to be more cost-effective than full-time employees because they won't require training since they are already skilled to do the task you need done. Also, you would only have to pay for their labour, leaving out benefits and insurance that typical full-time employees enjoy. If an independent contractor consistently produces work that you are happy with, you can choose to hire them on a full-time basis.

If you are looking for someone who can be more available and can take on heavier responsibilities, a full-time employee is what you’ll want. Unlike freelancers who might be working for multiple clients at once, full-time employees only work for you, giving you more control over their workload.


2. Attend Job Fairs

Employment or job fairs are the ideal places to locate potential talent if you're prepared to spend time and effort training a new hire. These events usually are packed with fresh graduates and career shifters eager to land a job.

Companies interested in participating in job fairs don’t typically have to invest in setting up a large, expensive stall. Job fairs have spaces where companies can reserve and set up a table and some standees to try and attract talents. Some companies even do on-the-spot interviews during the fair and hire talents on the spot if they like what they see.


3. Consider Hiring Foreign Workers

If you are struggling to find local talents, employing skilled foreign workers can be something you could look into. Some foreign workers have specific skills and experiences that you can’t find in your local hiring pool and can potentially give your business the edge it needs to stay competitive.

Hiring a foreign national can be tricky in Singapore as there are certain requirements companies would need to comply with. You can read our article on the different types of work passes in Singapore and how to get them if you want to learn more about them.

Not sure how to acquire an employment pass in Singapore? We at Lanturn can help you! We can counsel you regarding Singapore's immigration regulations and offer other immigration services that suit your needs. Let Lanturn assist you in determining which Singapore work pass is best for your overseas personnel.

Check out the Lanturn’s post showing the benefits of immigrating to Singapore and becoming a permanent resident there.


4. Outsourcing

You can conserve valuable corporate resources by hiring an outsourced service provider with the appropriate skills and experience in a particular business function you need help with.

Companies incorporated in Singapore must process payroll, file GST, comply with corporate tax reporting regulations, submit annual reports to ACRA and IRAS, and maintain monthly financial records. With so many backend tasks to juggle, there is a chance that your company can mess up. It is why most small and medium-sized businesses look to experienced business service providers for help to ensure everything is in order.

Here are some other advantages of outsourcing:

  • Access to experts who are knowledgeable with IRAS and ACRA regulations

Professionals working for service providers like Lanturn can keep customers informed and compliant with shifting legal requirements.

  • Improved use of existing resources 

Businesses can free up time and money to devote to their core business activities by outsourcing less important company operations.

  • Strengthen risk management

Hiring specialised staff to handle marketing or promotions if your organisation is launching a new product or service enables you to lower risk and frees time for other crucial business functions.

Blog

7 Ways Outsourced CFO Services can Give your Startup an Advantage

How can outsourced CFO services benefit your startup? Discover the benefits and how to choose the correct virtual CFO in this comprehensive guide.


5. Easy Channels To Advertise Hiring

Jobs are now listed online rather than in newspapers or on television. It is because performing it is both quick and cost-free. Currently, there are 5.07 billion internet users worldwide. Within this incredible number are experienced job-seekers actively searching for new career prospects.

But which platform should you use to post your job advertising when there are so many options? These websites are some of the best to use if you're looking for qualified personnel, whether you're looking for skilled individuals or freelancers:

Beam. It is an online network for professionals to connect to find work, employ staff, and even meet investors. Employers can find candidates proactively by checking out their profiles and inviting them.

Careerbuilder. It is a worldwide job board with an extensive network of regional offices across several nations. Additionally, the website cross-posts your job advertisements to other job posting websites like JobCentral, JobStreet, and other social media networks.

Indeed Singapore. This job site is a component of the worldwide search engine Indeed. Employers can sponsor job advertisements by paying per click or publish free employment ads. Individuals can upload their resumes online for employers to evaluate.

LinkedIn. It is the most extensive professional network on the world wide web. It is a social networking website that resembles Facebook in some way but emphasises on providing people with a glimpse into your business life rather than your personal one. The website also features job postings that users may freely share on their accounts to increase exposure.

Gumtree Singapore. This is Gumtree's Singaporean equivalent, a well-known online marketplace for classified ads in the UK. For those seeking temporary opportunities, entry-level positions, and administrative jobs, this website is perfect.


Launch with Lanturn


If you are an aspiring entrepreneur considering starting a business in Singapore, you may be interested in our Launch with Lanturn Programme. Business owners eligible for the programme can obtain reasonably priced business incorporation services paired with a one-year company secretary service in Singapore. Visit our website’s Launch with Lanturn page to learn more about the programme.

Lanturn is ready to serve you as a reputable fund and corporate services provider. We can take care of your payroll, tax, compliance, and accounting needs if you need extra help managing your company’s day-to-day operations.

Talk with our experts today to learn more about Lanturn’s services!

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