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     New foreign workforce measures to meet strong market demand

Continued from FrontPage of Article

Manufacturing and Services Sectors

Both Manufacturing and Services sectors are expected to enjoy continued strong employment growth.

Companies in these sectors will be allowed a higher proportion of foreign workers in their workforce. The Manufacturing Dependency Ratio will be increased by a further 5% to 65%. The Services Dependency Ratio will also be increased by a further 5% to 50%. Both these changes will take effect from 1 January 2008, and details are below:

Manufacturing sector

Current

 (With effect from 1 Jan 2008)

Dependency

Tier

Levy

Dependency

Tier

Levy

Skilled

Unskilled

Skilled

Unskilled

≤40%

$150

$240

≤40%

$150

$240

40%<DR≤50%

$150

$280

40%<DR≤55%

$150

$280

50%<DR≤60%

$450

55%<DR≤65%

$450

Services sector

Current

 (With effect from 1 Jan 2008)

Dependency

Tier

Levy

Dependency

Tier

Levy

Skilled

Unskilled

Skilled

Unskilled

≤30%

$150

$240

≤30%

$150

$240

30%<DR≤35%

$280

30%<DR≤40%

$280

35%<DR≤45%

$450

40%<DR≤50%

$450


Enhancements to the Personalised Employment Pass (PEP) Scheme

The Personalised Employment Pass (PEP) scheme, launched earlier this year, has been well received. The scheme facilitates skilled professionals holding Employment Passes to continue working in Singapore, as it is granted on the strength of an individual's own merits, rather than being tied to a specific employer. PEP holders are allowed to remain in Singapore for up to six months between jobs to evaluate new employment opportunities.

To strengthen our global talent attraction and retention efforts, refinements will be made to the PEP scheme. Foreign professionals whose last drawn fixed monthly salary overseas was at least S$7,000 will be eligible for a PEP. The PEP will also be granted to former P1 Employment Pass holders upon application.

These changes will take effect from 1 March 2008. Existing and new P1 pass holders working in Singapore that apply for the PEP ahead of the 2-year requirement will be accorded in-principle approval. They can apply to take up the PEP at the end of 2 years on their current P1 pass.

For more information on the various measures, please visit the MOM website at www.mom.gov.sg.
 

Annex

Summary Table of Foreign Workforce Measures and Effective Dates

 

S/N

Adjustments

Effective Date

All Sectors

1

Increase S Pass quota to 25%.

1 January 2008

2

Enhancements to the PEP Scheme

1 March 2008

Construction and Process Sector

3

Raise Construction Dependency Ratio to 1 local full-time worker: 7 foreign workers.

 

1 January 2008

 

4

Raise Process Dependency Ratio to 1 local full-time worker: 7 foreign workers.

5

Reduce work experience requirement for non-MYE workers in Construction to 2 years.

1 March 2008

Marine Sector

6

Raise Marine Dependency Ratio to 1 local full-time worker: 5 foreign workers.

1 January 2008

Manufacturing Sector

7

Increase Manufacturing Dependency Ratio by a further 5% to 65%.

1 January 2008

Services Sector

8

Increase Services Dependency Ratio by a further 5% to 50%.

1 January 2008

Source: www.mom.gov.sg Press Release 28 Nov 2007