SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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- Joined: Thu, 11 Nov 2004
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Sadly, salary is not the only criteria for S passes, there are dwindling quota figures to take into account. Your employer may well be over quota and has gotten a notice that with effect of the 1st of July renewals will not happen for those who come up for renewal first regardless of how badly the company wants you or how much they are willing to pay. I know. I've got the letter from MOM telling me to start sifting through my S pass holders and letting the ones go who are my least desirable S pass holders as it's only by letting them go to get your quota balance to zero that any renewal will happen. Additionally, the criteria has tightened so those who got S passes 24 months or so ago, may find that they are no longer qualified under the new criteria (I've lost a couple that way - it's MOM's fault but what to do?) So, my advice is, while you are probably okay, it might not be a bad idea to ask your employer where they stand on their quota dependency ceiling and to also think about a plan B should it be necessary. I have one being let go at the end of the month in one of my companies as the other one, coming up for renewal is a much better employee and he the one that is the "least" dispenseable so another with 14 months left is being released. It sucks but there is so much in play at the moment that a lot of companies don't have too much room to breath. If you are unfortunately working in a Service Industry, it now only has a 15% dependency ratio (it used to be 50%) so now, to save or gain one place for an S pass holder, we would need to hire 7 local/WP holders to generate that one place. And S pass holders, sadly, do not generate 7 times the productivity as one local (2x or 3x, yes, but not 7x).
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