SSIC 7810 - Employment and Recruitment Agencies

Understanding SSIC 7810

The SSIC 7810 classification pertains to employment and recruitment agencies. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with the Employment Agencies Act (Chapter 92) and its regulations is mandatory, including licensing requirements from the Ministry of Manpower (MOM).
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd) registered with ACRA.
Frequent regulatory requirements involve maintaining accurate records of job placements, adhering to fair recruitment practices, and complying with MOM's guidelines on foreign worker employment.

Common Business Operations

Employment placement agencies provide services such as matching job seekers with employers and recruiting personnel for companies, as defined by the Singapore Standard Industrial Classification (SSIC).

Activities include sourcing candidates through job portals like JobStreet Singapore and LinkedIn, conducting interviews, and verifying candidate qualifications as per ACRA's business activity descriptions.

Examples include agencies specializing in specific sectors like IT (e.g., recruiting software engineers) or healthcare (e.g., placing nurses in hospitals), aligning with ACRA's classification examples.

Industry practices often involve charging placement fees to employers or candidates (subject to MOM regulations), and utilizing technology for candidate management and recruitment automation, as highlighted in EDB's reports on the professional services sector.

SSIC 7810 Employment and Recruitment Agencies

Companies in This Category (26,673)

Understanding SSIC 7810

Key Characteristics:

Common Business Operations