HR Glossary

What is SHG Fund (Singapore)?

Mandatory monthly contributions deducted from Singapore employees' wages and remitted to community-based self-help groups (CDAC, MBMF, SINDA, or ECF) based on the employee's ethnic group, funding education, welfare, and community programs.

Why it matters in hiring

SHG Fund (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 S

• Salary Benchmarking
• Salary Sacrifice (UK / Australia)
• Saudi Labour Law (Saudi Arabia)
• Self-Assessment
• Self-Paced Learning
• Separation Agreement
• Service Certificate (Singapore)
• Severance Pay

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