HR Glossary

What is Central Provident Fund (CPF) (Singapore)?

Singapore's mandatory social security savings scheme where employees and employers make monthly contributions split across three accounts for retirement, housing, and healthcare needs.

Why it matters in hiring

Central Provident Fund (CPF) (Singapore) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with C

• Career Ladder
• Career Lattice
• Career Pathing
• Career Site
• Certificate of Employment (Global)
• Certification
• Check-In
• Childcare Benefits

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.