|
 |
|
Source:
www.mom.gov.sg |
|
MOM Unveils New Package of
Foreign Workforce Measures |
|
|
To meet strong labour market demand |
|
Employment creation is hitting another
record high in 2007. The overall unemployment rate has fallen to 1.7% in
September 2007, the lowest in almost a decade. |
|
A record proportion of the resident
population has secured employment, especially women and older residents.
Far more jobs are being created than locals can fill. |
|
Following rapid gains in the past two years,
the growth in resident labour force eased in 2007, due to a smaller pool
of remaining residents able to work. |
|
Amidst this tight labour market, companies
have been giving feedback that it is increasingly harder to find
workers, especially locals. |
|
The Ministry of Manpower (MOM) will
therefore implement a package of foreign workforce measures to support
the manpower needs of the growing economy. |
|
For All Sectors – S Pass |
|
To help meet the growing industry demand for
mid-skilled foreign workers, companies will have greater access to S
Pass holders. |
|
With effect from 1 January 2008, the S Pass
quota for all sectors will be increased from 15% to 25%. The new S Pass
quota will come entirely from companies' Work Permit quota which will be
increased for all sectors. Companies can therefore employ more S Pass
holders, in lieu of Work Permit holders, hence improving the quality of
their foreign workforce. |
|
Construction, Process and Marine Sectors |
|
The Building and Construction Authority (BCA)
expects the Construction sector's annual output to rise by $19-$22
billion. Given robust growth in Asia's energy markets and global demand
for petrochemicals, the process and marine sectors are experiencing
rapid growth. |
|
To ease the manpower pressure in these
sectors, MOM will: |
(i) Raise the Dependency Ratio for the
Construction and Process sectors from 1 local worker : 5 foreign
workers, to 1 local worker: 7 foreign workers, from 1 January 2008;
(ii) Reduce the work experience
requirement for non-Man Year Entitlement workers in Construction from
4 to 2 years from 1 March 2008; and
(iii) Raise the Dependency Ratio for
the Marine sector from 1 local full-time worker: 3 foreign workers, to
1 local worker: 5 foreign workers, from 1 January 2008.
|
|
More..... |
|
Source:
www.mom.gov.sg Press Release 28
Nov 2007 |
|
 |
|
Important
Notice |
|
Our FrontPage
Editions are a historical record of our Web site and reflect
the changing of the times, and also of our Web site through
time. We do not and will not update the links and stories on
these FrontPages even if they have become obsolete. |
|
FrontPage Edition: Sun 9 December 2007
All rights reserved
