SINGAPORE: Adjusting the Employment Pass and S Pass criteria to complement the measures available for businesses to expand and retain local ...
SINGAPORE: Adjusting the Employment Pass and S Pass criteria to complement the measures available for businesses to expand and retain local employment is timely amid the COVID-19 economic fallout, said Minister for Manpower Josephine Teo on Thursday .
The ministry also announced that S Pass jobs will be subject to the Fair Consideration Framework advertising requirement from October, to help promote greater awareness of vacancies in mid-skilled jobs among local job seekers. READ: Extension of Jobs Support Scheme among S$8 billion worth of measures announced by Heng Swee Keat
“They notice that in certain companies, certain departments, they notice that in certain industries, there is not enough of a spread of the country sources. And there are several reasons why we think it's important that we try to prevent this over concentration,” she added. “So when we have in certain companies or in certain industries a very high concentration of one , it doesn't feel the same as what we have come to be familiar with about Singapore.”The Manpower Ministry also announced on Thursday that the minimum qualifying salary for Employment Pass holders in the financial services will be raised further to S$5,000 from Dec 1.
Responding to questions about the possible impact of the raised minimum qualifying salaries on businesses, Mrs Teo said it is a “very valid concern”. “And then at the same time, also remember that we’re differentiating the increases, in the case of financial services we think that there is scope for us to raise it more, so that has gone up to a larger extent.”
The S Pass sub-Dependency Ratio Ceiling sets out the maximum permitted ratio of foreign workers to the total workforce that a company is allowed to hire.
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