Singapore will make changes to the application process for companies seeking permits to employ foreign professionals, managers and executives, Manpower Minister Lim Swee Say said in parliament Friday.
The Southeast Asian nation will add three criteria for companies applying for so-called employment passes for foreigners in jobs that pay at least $3,300 a month. Firms will be assessed based on how strong their “Singaporean core” is, whether they have a commitment to strengthen this core, and their relevance to the local economy and society, said Lim. Authorities currently look only at “individual related” criteria and will examine company-related factors going forward, he said.
For companies that don’t meet the three new criteria, “they will be placed on our watch list, not because we are anti-foreigner but because their behaviour has added to the deepening of local-foreign divide in our Singapore workforce," said Lim. So far the firms have been “broadly cooperative” and the vast majority of them “will not be affected,” he said.
Singapore has already tightened rules for hiring foreign workers in recent years, after their growing presence in the economy spurred voter unhappiness over greater competition for jobs, housing and space on the island. While this has led to a labor shortage and pushed up wages, prompting some companies to seek cheaper locations, Lim said Singapore still requires foreign workers because it doesn’t have enough manpower necessary to meet the needs of global investors.
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The Southeast Asian nation will add three criteria for companies applying for so-called employment passes for foreigners in jobs that pay at least $3,300 a month. Firms will be assessed based on how strong their “Singaporean core” is, whether they have a commitment to strengthen this core, and their relevance to the local economy and society, said Lim. Authorities currently look only at “individual related” criteria and will examine company-related factors going forward, he said.
For companies that don’t meet the three new criteria, “they will be placed on our watch list, not because we are anti-foreigner but because their behaviour has added to the deepening of local-foreign divide in our Singapore workforce," said Lim. So far the firms have been “broadly cooperative” and the vast majority of them “will not be affected,” he said.
Singapore has already tightened rules for hiring foreign workers in recent years, after their growing presence in the economy spurred voter unhappiness over greater competition for jobs, housing and space on the island. While this has led to a labor shortage and pushed up wages, prompting some companies to seek cheaper locations, Lim said Singapore still requires foreign workers because it doesn’t have enough manpower necessary to meet the needs of global investors.
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