According to the Ministry of Manpower, there are 246,300 foreign domestic workers working in Singapore as of January 2022, comprising almost 20.5% of the foreign workforce in the country. Not only that, as the demand for foreign domestic workers grow, their bargaining power also has been growing as well, translating into higher salaries and better protection through comprehensive insurance packages. In addition to paying their monthly salaries, Singaporean households also have to consider the costs of hiring them, providing for the helpers' day-to-day living expenses, and also getting them a good insurance policy. So, what are the exact costs of hiring a foriegn domestic worker, and is the mandatory maid insurance policy just an extra financial burden? How much should you be earning to comfortably afford hiring a foreign domestic worker? We answer all of these questions below. How Much Does It Cost to Hire a Foreign Domestic Worker? According to our research,...