This means tougher requirements for foreigners having high-skills wanting to come to Singapore for working here.
Tougher Singapore immigration norms for skilled foreigners—Skilled foreigners looking to come to Singapore for working here will be facing stricter requirements. That’s due to recent tougher rules by Singapore government.
Giving details about the latest Singapore immigration changes, an economist with Credit Suisse, Singapore, Michael Wan, said the new rules mean increased hassles as well as paperwork for firms. Moreover, such changes may result in lowering the economic growth rate in the long-term, he added.
Singapore immigration will become tougher for skilled foreigners due to recent introduction of new stricter rules by the government.
Companies to be fair towards Singaporeans for jobs—New rules will require employers in Singapore to give fair consideration to Singaporeans before taking steps to recruit skilled foreigners. The new rules were announced by the Manpower Ministry this Monday. So, employers applying for Employment Passes(EP) will be affected by new changes.
As per the information, such passes are the work passes foreigners working in executive, managerial or specialized positions of jobs in Singapore.
The new Singapore rules are, in no way, to give any priority to Singaporeans for jobs but only a fair consideration before hiring applicants for Singapore jobs, the ministry clarified. It may be worth mentioned that majority of firms in Singapore abide by norms but its only a couple of rims that need improvement in terms of hiring of workers for skilled jobs.
There has been some public discontent over increased reliance on skilled foreigners for filing up jobs in Singapore.
So, the Ministry of Manpower took a decision to implement new rules in stages with effect from next year.
What are new rules?—
• Increased minimum monthly compensation threshold that firms are required to pay to individuals on employment passes.
So, new compensation threshold will be S$3,300 from the earlier S$3,000
. • Firms having more than 25 employees will have to advertise all job positions with fixed monthly salaries below S$12,000 for not less than 2 weeks on a government run database.
Singapore still attractive destination—However, a point worth notable in this regard is that Singapore is going to remain attractive for firms.
Why? Simply because factors like political stability, tax incentives and access to ASEAN region will play to the favor of the nation, added economist Wan.