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Chitchat Singapore tightens rules for hiring foreign professionals, samsters Happy Now?

Pinkieslut

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Singapore tightens rules for hiring foreign professionals​

c2b8edaf67a62fa3f1e13cbd8239d01e

A commuter pushes his bicycle past cars stopping at a traffic light during morning rush hour in Singapore
Xinghui Kok
Mon, 4 March 2024 at 12:41 am GMT-8


By Xinghui Kok
SINGAPORE (Reuters) - Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday.
From January next year, foreigners must earn S$5,600 ($4,170) or more a month - up from the current S$5,000 - to qualify for the so-called employment passes typically granted to high-paid professionals.
Those in the financial sector will have the qualifying salary hiked to S$6,200 from S$5,500.
The manpower ministry said the move is meant to "ensure that EP (employment pass) holders are of high quality, and to maintain a level playing field for locals".
The Southeast Asian financial hub has long been a popular location for foreign firms to base their regional headquarters, while foreign labour has been a thorny issue with the local population worried about competition for employment opportunities.
As of June last year, Singapore had 197,300 foreigners on employment passes out of a total foreign workforce of about 1.5 million. The country has a population of 5.9 million.
Since the pandemic hit in 2020, the salary floor for hiring foreigners have been raised three times with the previous adjustment - from S$4,500 to S$5,000 - taking effect just in September last year.
 

Cottonmouth

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The manpower ministry said the move is meant to "ensure that EP (employment pass) holders are of high quality, and to maintain a level playing field for locals".
This is to ensure that mediocre ones will be given a payrise just to keep them employed.
 

bobby

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Up $600pm salary is called “tighten rules”…liddat say got include salary increments in lieu of bonuses?
 

millim6868

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Lol, all come with fuck cert them enrolled pastime in sg, all fake certs turn to real cert,lol like recent case of money laundry, many more not discover,lol
 

Loofydralb

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Singapore tightens rules for hiring foreign professionals​

c2b8edaf67a62fa3f1e13cbd8239d01e

A commuter pushes his bicycle past cars stopping at a traffic light during morning rush hour in Singapore
Xinghui Kok
Mon, 4 March 2024 at 12:41 am GMT-8


By Xinghui Kok
SINGAPORE (Reuters) - Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday.
From January next year, foreigners must earn S$5,600 ($4,170) or more a month - up from the current S$5,000 - to qualify for the so-called employment passes typically granted to high-paid professionals.
Those in the financial sector will have the qualifying salary hiked to S$6,200 from S$5,500.
The manpower ministry said the move is meant to "ensure that EP (employment pass) holders are of high quality, and to maintain a level playing field for locals".
The Southeast Asian financial hub has long been a popular location for foreign firms to base their regional headquarters, while foreign labour has been a thorny issue with the local population worried about competition for employment opportunities.
As of June last year, Singapore had 197,300 foreigners on employment passes out of a total foreign workforce of about 1.5 million. The country has a population of 5.9 million.
Since the pandemic hit in 2020, the salary floor for hiring foreigners have been raised three times with the previous adjustment - from S$4,500 to S$5,000 - taking effect just in September last year.
Did it so many times but it doesn't meet it's intended objectives
Still want to do it again?
Like Einstein said Insanity is doing the same thing over and over and expecting different results.
So they look like intentionally doing it not because of insanity but because their intended aim is to give pay rises to these leeches.

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