Views on recent publication by MAS on finance sector jobs

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kjose88
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Views on recent publication by MAS on finance sector jobs

Post by kjose88 » Thu, 03 Jun 2021 5:28 pm

Hi,

Went through a recent study published by MAS:

https://www.mas.gov.sg/news/speeches/20 ... orce-ready

Does it bear any effect on PR granting process especially for techies working in finance sector? OR statistics were pretty much same before and this doesn't reveal anything new neither changes anything?

Experts' views please!

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sundaymorningstaple
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Re: Views on recent publication by MAS on finance sector jobs

Post by sundaymorningstaple » Thu, 03 Jun 2021 8:58 pm

PR granting is based on a lot of things, only one of which may be your industry. PR is used for maintain the status quo for ethnic demographics as well. The government tried to maintain the same demographic percentages it's maintained basically since the 1990s. It used PR and SGC to "top up" those that are having a shortfall and curtailing those who, due to government drives also increased certain minorities total percentage to where the government felt uncomfortable. They have been curtailing PRs & SGCs from those ethnicities since the 2011 GE to pull the percentages back into the alignment they are comfortable with. Will this have an impact. Most definitely. But the government will have their way, regardless of what the think tanks say.
Life isn't about avoiding the bruises. It's about collecting the scars to prove we showed up for it!

kjose88
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Re: Views on recent publication by MAS on finance sector jobs

Post by kjose88 » Thu, 03 Jun 2021 9:16 pm

sundaymorningstaple wrote:
Thu, 03 Jun 2021 8:58 pm
PR granting is based on a lot of things, only one of which may be your industry. PR is used for maintain the status quo for ethnic demographics as well. The government tried to maintain the same demographic percentages it's maintained basically since the 1990s. It used PR and SGC to "top up" those that are having a shortfall and curtailing those who, due to government drives also increased certain minorities total percentage to where the government felt uncomfortable. They have been curtailing PRs & SGCs from those ethnicities since the 2011 GE to pull the percentages back into the alignment they are comfortable with. Will this have an impact. Most definitely. But the government will have their way, regardless of what the think tanks say.
Agreed. Ethnicity is the major driving force behind approval or rejection but skills/industry should come next. Hypothetically if two applicants have almost similar personal profile but different professional profile, priority would be given to the one who works in booming industry and who have in-demand skills. Therefore, I see above study leaving some impact on PR decisions in near future if not immediately.

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Re: Views on recent publication by MAS on finance sector jobs

Post by the observer » Fri, 04 Jun 2021 6:20 am

If they wanted to grow a stronger Singapore core in tech roles, they’d dish out out more PRs for certain nationals.

And so they did previously, but there’s the political cost.

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Re: Views on recent publication by MAS on finance sector jobs

Post by sundaymorningstaple » Fri, 04 Jun 2021 2:27 pm

Yep, and that, combined with the covid debacle is going to be a bitch at the next ballot box. Wait & see.
Life isn't about avoiding the bruises. It's about collecting the scars to prove we showed up for it!

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Re: Views on recent publication by MAS on finance sector jobs

Post by simple_guy » Fri, 04 Jun 2021 3:17 pm

@SMS, sent you a msg requesting for your advise!

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Re: Views on recent publication by MAS on finance sector jobs

Post by smoulder » Fri, 04 Jun 2021 6:09 pm

the observer wrote:
Fri, 04 Jun 2021 6:20 am
If they wanted to grow a stronger Singapore core in tech roles, they’d dish out out more PRs for certain nationals.

And so they did previously, but there’s the political cost.
Surely, just importing foreigners is not the only way to do it these days especially given that much of the work can be done remotely. What they should be retaining is the planning and architecture roles.

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