Posted on 4/03/2020 by PrimeHR
SINGAPORE - Rules for hiring foreign workers will be tightened as part of efforts to assure Singaporeans that they are competing on a level playing field.
From May this year, the minimum salary for foreign professionals to qualify for an Employment Pass (EP) will be raised to $3,900 per month, up from $3,600.
The salary criteria for older and more experienced EP candidates will also be increased - for example, an EP applicant in his early 40s will need to earn around double the new minimum qualifying salary of $3,900.
The new salary requirement will only take effect for EP renewals from May 1, 2021, "to moderate the impact on businesses", she added. The minimum EP-qualifying salary was last raised in 2017 from $3,300 to $3,600 a month.
In addition, the "local qualifying salary" or the minimum salary a local worker must earn to count towards a firm's quota for hiring foreigners on work permits and S Passes will be raised from $1,300 to $1,400. This will take effect in July.