Singapore will require many companies operating in the city-state to consider Singaporeans for skilled job vacancies before turning to candidates from abroad, bowing to public pressure over a surge in foreigners over the past decade.
"The measures might mean more hassle and paperwork for companies, and it might even lower the long-term economic growth rate," said Michael Wan, an economist with Credit Suisse in Singapore.
"But I don't think this will necessarily lower Singapore's attractiveness to companies because there are other factors that they take into account -- such as tax incentives, political stability and access to the ASEAN region."
Starting next August, firms with more than 25 employees must advertise a vacancy for professional or managerial jobs paying less than S$12,000 ($9,600) a month on a new jobs bank administered by the Singapore Workforce Development Agency for at least 14 days, the Ministry of Manpower said in a statement.
Only after that period can the company apply for an employment pass to bring in a foreign national. Full story...
Related posts:
"The measures might mean more hassle and paperwork for companies, and it might even lower the long-term economic growth rate," said Michael Wan, an economist with Credit Suisse in Singapore.
"But I don't think this will necessarily lower Singapore's attractiveness to companies because there are other factors that they take into account -- such as tax incentives, political stability and access to the ASEAN region."
Starting next August, firms with more than 25 employees must advertise a vacancy for professional or managerial jobs paying less than S$12,000 ($9,600) a month on a new jobs bank administered by the Singapore Workforce Development Agency for at least 14 days, the Ministry of Manpower said in a statement.
Only after that period can the company apply for an employment pass to bring in a foreign national. Full story...
Related posts:
No comments:
Post a Comment