COME Sept 1, the minimum qualifying salary for new Employment Pass (EP) applicants will be raised further to S$4,500, while that for S Pass applicants will increase to S$2,500 from Oct 1. Read more at The Business Times.
In a separate statement, the central bank said the higher salary criteria for E Pass in the financial-services sector"will provide further support for hiring Singaporeans in the sector".
MOM said the government has regularly updated the criteria for approving work passes"to enable businesses to grow as well as to support employment opportunities for locals". MOM said employers who want to beef up their local PMET workforce with additional EP or S pass applicants must"strive continuously to build up and retain a strong Singaporean core".
MOM said it will extend the Fair Consideration Framework Job Advertising Requirement to S Pass applications submitted from Oct 1."This will promote greater awareness of vacancies in mid-skilled jobs among local jobseekers and require employers to make greater efforts to consider local candidates." Employers had expressed concern about the impact on costs, the labour shortage and Singapore's competitive edge when Mrs Teo first announced the move to further adjust the foreign workforce policies on Wednesday.
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