Product Update September 2023

It’s time for another edition of the Employment Hero product update, where we share all of the latest and greatest updates over the past month.

We’re sharing new upgrades around the CPF ordinary wage ceiling, expenses claiming for teams around the world, revamped employee audit trails and some critical local features.

CPF ordinary wage ceiling raised from $6,000 to $6,300

In order to keep pace with rising salaries and help middle-income Singaporeans save more for their retirement, the government has decided to increase the CPF monthly salary ceiling from September 2023 onwards. The CPF monthly salary ceiling sets the maximum amount of CPF contributions payable for ordinary wages. The increase will be phased in over four years — from September 2023, the CPF monthly salary ceiling will be raised by S$300 to S$6,300. It will go up to S$6,800 from January 2024, S$7,400 from January 2025 and S$8,000 from January 2026.

Our platform has been updated since May to align with these CPF legislative changes announced in Singapore’s Budget 2023. Starting from September 2023, CPF contributions will reflect the revised ordinary wage ceiling of $6,300.

Employee Audit Trail gets a glow-up with improved filters and layouts

When there’s lots of updates happening, it can be tricky to keep track. That’s what our Employee Audit Trail is designed to solve, and we’ve just updated it to ensure it’s meeting all your requirements.

As well as a new look and design, our Employee Audit Trail now has updated filtering options so that you can easily narrow down what you’re searching for. We’ve also included new modules for tracking, including changes to `Personal Details’ and ‘Bank Details’, so you can be across every single detail.

Finally, there’s a new column for ‘Channel’, which shows exactly how the change was made – whether that’s by web, mobile or any other platforms.

Custom conversion amounts introduced for Global Teams expenses

Our Global Teams employees are based all over the world, so it makes sense that they should be able to claim expenses and be reimbursed in their local currency.

To reflect that, we’ve recently enabled custom reimbursement amounts, so Global Teams employees can insert custom conversion amounts for expenses involving multiple currencies. This will also allow employees to account for disadvantageous exchange rates for transactions in foreign currencies.

Custom Security Settings are here to make data visibility much, much easier

Ensuring the right security settings across an organisation can be complicated. You might want to grant admin level access to certain people for only a few functions, but keep other elements of the platform private. Previously our platform only allowed for blanket management across the business, but we know that wasn’t suitable for everyone.

That’s why we’re updating our Custom Security Settings to be much more customisable. You’ll be able to set up users to have access to management of specific teams, but not for employees outside of those teams. It’s an important way to ensure that you’re keeping all data secure and refining admin access for less confusion later on.

Please note – this will only be available for our Platinum customers.

Our leave request function now has a ‘half day leave’ option

Taking leave isn’t always as simple as taking a day here, a day there. That’s why we’ve introduced a ‘half day leave’ feature, so employees can request half days when required.

The leave request length will still reflect the selected leave duration (so a ‘half day’ will be half of the company’s ‘typical work day’ hours set in their company settings). However, users will still be able to edit the number of hours in their leave request.

Follow along every month for the latest and greatest product updates

We want our customers to get the most out of our platform. Whether it’s HR, payroll or benefits, you can expect to find new updates here – all designed to make your world at work easier. If you’d like to stay up to date with all of our content, you can visit our resource hub or follow us on LinkedIn.