MOM will be raising the qualifying salary for Employment Pass (EP) renewals and introducing a points system from Sep 23

[PNGMK]

https://www.mom.gov.sg/passes-and-permi ... ligibility

In short it's becoming a points based system and the hurdles on salary floor levels are much harder to overcome as an older employee.

MOM will be raising the qualifying salary for Employment Pass (EP) renewals and introducing a points-based Complementarity Assessment Framework (COMPASS) for EP applications. These changes will apply progressively from 1 September 2023.
At a glance

Candidates must pass a two-stage eligibility framework:
Stage 1 Earn at least the EP qualifying salary, which is benchmarked to the top 1/3 of local professionals, managers, executives and technicians (PMET) salaries by age.
Stage 2 Pass COMPASS, a new points-based Complementarity Assessment Framework.

[PNGMK]

The new salary levels are up considerably:

At least $5,000 (increases progressively with age from age 23, up to $10,500 at age 45 and above) from Sept 2023 compared to $4,500 (increases progressively with age from age 23, up to $8,400 at age 45 and above)

[malcontent]

Similar changes for S pass, effective Sep 1 it’s a minimum of S$3,000 which progressively increases to S$4,500 by age 45.

MOM has a SAT (self assessment tool) to evaluate what work pass you might qualify for upon new application or renewal.

https://service2.mom.gov.sg/workpass/sat

[truthhurts1]

The new salary levels are up considerably:

At least $5,000 (increases progressively with age from age 23, up to $10,500 at age 45 and above) from Sept 2023 compared to $4,500 (increases progressively with age from age 23, up to $8,400 at age 45 and above)

Where can I find the data for this salary level increasing progressively with age?
I will be applying for a new EP at the age of 44 with a package of 12,500$ a month
Will it work for me?

[jalanjalan]

This is the only salary benchmark by age I could find:
https://www.mom.gov.sg/-/media/mom/docu ... hmarks.pdf
I suppose they will update it this month.

[NYY1]

As noted above by PNGMK, there are two steps.

First, earn an EP Qualifying Salary:
https://www.mom.gov.sg/passes-and-permi ... ligibility

Second, accumulate enough (40) COMPASS Points from the various buckets (of which one is salary based).

The trick is that one can have an EP Qualifying Salary and not get any COMPASS Points (from salary). Alternatively, one could be eligible for COMPASS Points but does not even get out of Stage 1 because he/she does not have an EP Qualifying Salary (nominally, harder to meet with increasing age).

The former is more likely in high paying industries while the latter could result in lower paying industries.

[Wd40]

My renewal is coming up early next year and as per the SAT tool, I am eligible for S pass
I am in financial services, age 44 and salary slightly below 11k a month.

I dont understand why should age be a factor?

[truthhurts1]

My renewal is coming up early next year and as per the SAT tool, I am eligible for S pass
I am in financial services, age 44 and salary slightly below 11k a month.

I dont understand why should age be a factor?

Because according to Locals, FT’s mainly from one particular country come here and take their jobs.
I think the election is coming in 2024 or 2025 I dont care when, but there is not much option but to bite the bullet for most of us who are stuck here for years without a PR..
One of the biggest career suicide one can do is to move here especially if you are from that one particular country we all know

[PNGMK]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

[NYY1]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

I suspected this was behind one of your comments above (even if not impacting your household, general knowledge of the situation). The fact that the first step (EP Qualifying Salary) is nominal and not tied to industry pay levels could really be a squeeze in some situations.

[Myasis Dragon]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

I suspected this was behind one of your comments above (even if not impacting your household, general knowledge of the situation). The fact that the first step (EP Qualifying Salary) is nominal and not tied to industry pay levels could really be a squeeze in some situations.

It's going to kick up the cost of tuition to even more ridiculous levels.

[NYY1]

I suspected this was behind one of your comments above (even if not impacting your household, general knowledge of the situation). The fact that the first step (EP Qualifying Salary) is nominal and not tied to industry pay levels could really be a squeeze in some situations.

It's going to kick up the cost of tuition to even more ridiculous levels.

Don't get tuition, problem solved . Teach the kids how to help themselves, improve, and accept the results. Of course, this would mean many parents need to stop competing with their own siblings, co-workers, neighbors, etc indirectly through their kids' results/accomplishments/school postings.

Edit: you probably meant tuition as in int'l school fees vs. tutors (I originally read the other way).

But I have wondered what how the int'l school landscape is going to evolve here. Cost of living is squeezing the ability of teachers to get by here. Schools can raise wages to meet employment pass requirements and/or match the supply curve. But that will mean raising tuition and unlikely all of the demand for schooling is completely insensitive to price (some employer paid schooling will be, others will be more sensitive).

[PNGMK]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

I suspected this was behind one of your comments above (even if not impacting your household, general knowledge of the situation). The fact that the first step (EP Qualifying Salary) is nominal and not tied to industry pay levels could really be a squeeze in some situations.

Partially. We have the wherewithal that my wife doesn't need to work but she'd prefer to. I'm a PR and can sponsor her for a LTVP so no issue staying on. What will happen is that the Int'l schools will get rid of older teachers and raise intuiton. So parents will pay more for less quality teaching.

[Wd40]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

The indian intl school my daughter goes to pay peanuts to their teachers, most are trailing spouses. From what I understand, they just apply for work permit after the LoCs were stopped. So, I think the WP category now includes teachers too along with the household help, construction workers etc

[PNGMK]

The International Schools are in a panic. Most of them don't pay enough and they cannot use S PAss or LOC.

The indian intl school my daughter goes to pay peanuts to their teachers, most are trailing spouses. From what I understand, they just apply for work permit after the LoCs were stopped. So, I think the WP category now includes teachers too along with the household help, construction workers etc

Good grief. I didn't know that was possible. I think you mean SPass?