![]() Previously, job positions with a monthly salary of S$15,000 (US$10,500) and above, were exempted from being advertised on the website. Under the Fair Consideration Framework, employers who want to submit EP applications must first advertise the job position on M圜areersFuture.sg to promote labor market transparency and fair employment practices. Increasing salary threshold for Fair Consideration Framework job advertisement These experienced professionals will need to earn double the S$3,900 (US$2,700) threshold to be eligible for an EP. The salary criteria for more experienced and older EP candidates will also be raised. For current EP holders seeking renewal, the revised salary criteria will apply from May 1, 2021.ĮPs are issued to foreign expatriates employed as executives, managers, and skilled professionals, for an initial two years which can then be renewed for three years at a time. The government, from May 1, 2020, has increased the minimum qualifying salary from S$3,600 (US$2,500) to S$3,900 (US$2,700) for new applicants of the Employment Pass (EP). Investors should seek the advice of qualified HR consultants to better understand how these changes can affect their business operations. This also includes the directors and shareholders of a company. ![]() Under this scheme, the government will cover 75 percent on the first S$4,600 (US$3,223) of monthly salaries for each local employee until May 2020. This is why up to 60 percent of its second ( Resilience Budget) and third ( Solidarity Budget) COVID-19 stimulus packages were dedicated to the Jobs Support Scheme (JSS). ![]() The government has been implementing new initiatives to prevent large-scale job losses, especially for those earning lower salaries. We manage payroll for companies that want to focus on their core business.
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