Singapore Employment Pass- New Qualifying Salary Criteria from 1st January 2017
The Singapore Ministry of Manpower(MOM) has announced that the qualifying salary criteria for singapore employment pass will be increased from the present SGD3,300.00 per month to SGD3,600.00 per month with effect from 1 January 2017.
MOM has regularly reviewed the salary and other qualifying criteria from time to time in order to keep pace with the wages of Singaporean professional and technical staff. This is to discourage employers from favouring foreign candidates instead of locals for professional and technical vacancies in Singapore. The singapore employment pass qualifying salary of SGD3,600.00 per month is benchmarked against the salaries of local university fresh graduates. Foreigners with more years of working experience would be assessed based on higher qualifying salaries consistent with what local professionals of similar work experience would earn.
Unlike blue collar workers level work passes, employers in Singapore are not subjected to any specific quota in terms of number local employees they must have employed before they can submit employment pass applications for their foreign applicants. Singapore has always maintained the policy of welcoming high quality foreign talent who can contribute positively and add value to the economy of Singapore.
However, over the years, MOM has examined each singapore employment pass application more thoroughly in terms of the eligibility of the candidates and background of employers when assessing each application. Each application is treated differently and assessed on the merits of each case.
MOM has been asking for more information such as the financial profile of the employing company and whether they have sustainable business to hire the foreign applicants. Foreign employment pass applicants are also required to come from high quality institutions to ensure that they can contribute positively to the economy of Singapore.
Despite the above measures, the employment pass application from foreign applicants for the singapore employment pass is not expected to decrease as Singapore is increasing seen as a global city with a high quality of standard of living. There is a growing number of foreigners who still keen to find employment and grow their careers in Singapore.