19 Aug '11, 8am

Singapore announces stricter rules when it comes to hiring expats:

Singapore has announced stricter rules which will rein in the hiring of white-collar expats. The new measures were sparked off by unhappiness among locals over the competition they faced from foreigners on various fronts, including jobs and schools. Here’s a quick recap of the new regulations announced earlier this week: • Expats will have to earn at least $3k a month before being able to qualify for an employment pass (EP). This was $2.8k previously. • Older applicants will have to earn more to qualify. The mid-tier EP salary requirement will be raised to $4.5k from $4k. The high-tier EP qualifying salary of $8k remains unchanged. • Educational requirements will be tightened, with those from well-known institutions favoured. Because Singapore serves as the Asian headquarters for several global banks, will the new measures bring about much change on the recruitment front? ...

Full article: http://news.efinancialcareers.sg/newsandviews_item/newsIt...

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