The qualifying salaries for older and more experienced candidates in their 40s will also be raised.. Read more at straitstimes.com.
SINGAPORE - From Sept 1, firms applying for new Employment Passes for foreign professionals will need to pay them at least $4,500, up from $3,900 now.
There will be no changes to levies and quotas for S Passes for now. Previously announced reductions in the quotas for the services, construction, marine shipyard and process sectors will proceed. "We also want to emphasise this point, once again, to businesses, that they must make efforts to build up and retain their Singaporean core. This is critical, particularly in a climate and a time like this," she said.
She had first announced on Wednesday that the salary criteria would be raised, as part of adjustments to foreign workforce policies in light of the slacker labour market conditions owing to Covid-19.In May, the EP salary threshold was raised to $3,900 for new applicants, from $3,600, with renewals to have followed suit in May next year. Before that, it was last raised in 2017.
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