Do they do this often?as in raise the minimum income required for each level of employment passes?ksl wrote:From July the incomes will rise for all new pass holders, Government levies will also rise.
http://news.xin.msn.com/en/singapore/ar ... id=4698709
First rise since 2001carlsum1986 wrote:Do they do this often?as in raise the minimum income required for each level of employment passes?ksl wrote:From July the incomes will rise for all new pass holders, Government levies will also rise.
http://news.xin.msn.com/en/singapore/ar ... id=4698709
I didnt get what this meant actually even when I saw it on the news. "e.g., renews at the moment will be for 24 months before next renewal for existing staff before their salaries must increase"sundaymorningstaple wrote:Yep, it's gonna really put the screws to a lot of companies. The only blessing is a short term one e.g., renews at the moment will be for 24 months before next renewal for existing staff before their salaries must increase. This is going to make S pass holders worth 2450/month expense to the employer. Means you can pay a local 2140/mo and the total cost to the employer will be the same. Plus the tightening of criteria to even qualify gonna put the hurt of a lot of folks trying to come here. Gonna maybe put the screws to a lot of PEP applicants as well with P1 at 8K. PEP gonna follow suit I'd imagine.
Yes, your next renewal will be using the current salary thresholdscarlsum1986 wrote:I didnt get what this meant actually even when I saw it on the news. "e.g., renews at the moment will be for 24 months before next renewal for existing staff before their salaries must increase"sundaymorningstaple wrote:Yep, it's gonna really put the screws to a lot of companies. The only blessing is a short term one e.g., renews at the moment will be for 24 months before next renewal for existing staff before their salaries must increase. This is going to make S pass holders worth 2450/month expense to the employer. Means you can pay a local 2140/mo and the total cost to the employer will be the same. Plus the tightening of criteria to even qualify gonna put the hurt of a lot of folks trying to come here. Gonna maybe put the screws to a lot of PEP applicants as well with P1 at 8K. PEP gonna follow suit I'd imagine.
does this mean ep holders like us get one more renewal on our current salary before our salary has to increase?
The problem with that is that when switching jobs people will have to have their new employer apply for a new EP, and if the government is going to start tightening up then a few might find themselves rejected.carlsum1986 wrote:it all boils down to one thing.......lots of ppl will be switching jobs just to meet the threshold...........
One thing I wonder about is whether the locals will take up the jobs that cheap foreign labour leave behind...Strong Eagle wrote:I think it's a fairly bright move on the part of the gahmen to move companies into hiring more locals, and gives locals more incentive to work at an increased wage.
Yah... companies will bitch at wage inflation... and the reality is, if you are going to keep out cheap foreign labor, wages will rise.
And, what it means is that companies who have been getting rich screwing the labor force will now get a little less rich.
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