Raising minimum qualifying salary of work pass holders may not be long-term solution, say companies

Singapore News News

Raising minimum qualifying salary of work pass holders may not be long-term solution, say companies
Singapore Latest News,Singapore Headlines
  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 99%

SINGAPORE — While higher manpower costs would be inevitable with the latest changes to salary requirements for work pass holders, companies TODAY spoke to said the impact on costs is not something they are too concerned about.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TODAYonline /  🏆 1. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS supports increase of minimum qualifying salary for entry-level EP holders in financial services sectorMAS supports increase of minimum qualifying salary for entry-level EP holders in financial services sectorSINGAPORE: The Monetary Authority of Singapore (MAS) on Thursday (Aug 27) said it supports the move by the Ministry of Manpower (MOM) to increase ...
Read more »

Minimum qualifying salary for Employment Pass holders goes up to S$4,500; higher salary criterion for financial servicesMinimum qualifying salary for Employment Pass holders goes up to S$4,500; higher salary criterion for financial servicesSINGAPORE — In view of how the Covid-19 pandemic has weakened the job market, the Ministry of Manpower (MOM) is significantly raising the minimum qualifying salary for an Employment Pass (EP) by S$600 to S$4,500 in a bid to encourage companies to hire more locals.
Read more »

Salary floor for Employment Pass holders in finance to be raised to S$5,000Salary floor for Employment Pass holders in finance to be raised to S$5,000MINIMUM salaries for Employment Pass (EP) holders in the financial services sector will be raised to S$5,000 from December, said the Ministry of Manpower (MOM) on Thursday, setting the bar S$500 higher than the tightened criteria for other sectors in the economy. Read more at The Business Times.
Read more »

Salary criteria for Employment and S Pass holders to be raised: MOMSalary criteria for Employment and S Pass holders to be raised: MOMTHE government will make further adjustments to Singapore's foreign workforce policies, including raising the salary criteria for Employment Pass (EP) and S Pass holders. Read more at The Business Times.
Read more »

Salary criteria for Employment Passes and S Passes will be raised: MOMSalary criteria for Employment Passes and S Passes will be raised: MOMSINGAPORE — The Government will raise the salary criteria for Employment Passes (EPs) and S Passes amid weak labour market conditions, Minister for Manpower Josephine Teo said on Wednesday (Aug 26).
Read more »

Minimum salary for Employment Pass to rise to $4,500, from $3,900; even higher qualifying salary of $5,000 for financial servicesMinimum salary for Employment Pass to rise to $4,500, from $3,900; even higher qualifying salary of $5,000 for financial servicesThe qualifying salaries for older and more experienced candidates in their 40s will also be raised.. Read more at straitstimes.com.
Read more »



Render Time: 2025-04-08 06:59:47