Money Mind

General Category => The Common Lounge => Topic started by: FireOpal on Mar 10, 2024, 10:26 AM

Title: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: FireOpal on Mar 10, 2024, 10:26 AM
Increase got use?
The total number of foreigners with S-pass and Employment pass is increasing every year.

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The minimum qualifying salary for Employment Pass applicants will go up from S$5,000 to S$5,600 from next year.

SINGAPORE: The minimum monthly qualifying salary for new Employment Pass (EP) applicants will increase to S$5,600 (US$4,200) from next year, up from S$5,000 currently.

Those working in the financial services sector, which has "higher wage norms", will have to earn a minimum of S$6,200 a month, up from the current threshold of S$5,500.


For EP renewal applications, the new qualifying salary will take effect a year later, on Jan 1, 2026, Manpower Minister Tan See Leng announced on Monday (Mar 4).

https://www.channelnewsasia.com/singapore/employment-pass-minimum-qualifying-salary-increase-4168591

Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: stillgottheblues on Mar 10, 2024, 10:40 AM
"minimum pay" for foreigners, NS for locals.

Idk employers will raise local salary over this neither will they prioritize locals over foreigners.
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: ninjaghost on Mar 15, 2024, 12:51 AM
Treating the symptoms rather than the root cause. In the end, it didn't resolve anything or might become even worse.

Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: mGx-Alander on Mar 15, 2024, 01:13 AM
i do know of ppl who cannot get renewed cos of job grade pay range and got pwned

as to whether it will help local i duno, seems like hire a cheaper and younger FT instead so that the pay range wont exceed the budget lols

and complain sinkie dont want to do
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: Risa on Mar 15, 2024, 06:47 AM
end up jobs all flow to foreigners

they more happy coz can earn even more now, got minimum salary for them

locals get nth at all
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: default on Mar 15, 2024, 07:43 AM
Quote from: mGx-Alander on Mar 15, 2024, 01:13 AMi do know of ppl who cannot get renewed cos of job grade pay range and got pwned

as to whether it will help local i duno, seems like hire a cheaper and younger FT instead so that the pay range wont exceed the budget lols

and complain sinkie dont want to do
why your gahment so like that one

Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: daryl76 on Mar 15, 2024, 07:59 AM
how this gonna benefit sinkies? i really dunno
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: Bardiel on Mar 15, 2024, 08:15 AM
i myself seen so many SME doing this hack

on paper pay u 6k. den payday the employee need payback to employer

this is such a common thingy in SME. thus sinkies lower or no chance to get the job
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: mGx-Alander on Mar 15, 2024, 11:23 PM
Quote from: Bardiel on Mar 15, 2024, 08:15 AMi myself seen so many SME doing this hack

on paper pay u 6k. den payday the employee need payback to employer

this is such a common thingy in SME. thus sinkies lower or no chance to get the job


Bunknife la
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: Acebase on Mar 16, 2024, 10:56 AM
it does not resolve the issue at all as quota for passes only applies to work permit (wp) and not employment passes (ep). thus it's not surprising to see a company that's full of foreign trash.
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: ninjaghost on Mar 17, 2024, 10:59 PM
really don haf any idea to create more good job for sinkie.
By increasing the threshold does not solve any problem.
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: Indented_Dinner on Mar 18, 2024, 02:38 PM
state mandated salary increment
Title: Re: Employment Pass will go up from S$5,000 to S$5,600 from next year.
Post by: protein on Mar 18, 2024, 02:42 PM
To think ministers used to be vehemently against a minimum wage
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