Starting next year, companies in Singapore will need to pay higher minimum salaries to hire foreign professionals. The minimum monthly salary for an employment pass is being raised to SG$5,600. This change aims to ensure that foreign workers are paid fairly and to encourage companies to prioritize hiring local talent.
The increase in minimum salary requirements for work visas in Singapore is meant to protect the local workforce by making it more attractive for companies to hire Singaporean workers. By raising the minimum salary for employment passes, the government hopes to reduce competition for jobs and ensure that foreign professionals are being compensated appropriately for their skills and qualifications. This move is in line with Singapore’s efforts to strike a balance between attracting foreign talent and protecting the interests of its own citizens.
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