Employers in Singapore will be required to apply new, higher sector-specific salary benchmarks to new or renewed Employment Pass (EP) applications submitted in 2027.
The changes come as the Ministry of Manpower (MOM) announced its latest updates to salary benchmarks under Singapore’s points-based immigration framework, the Complementarity Assessment Framework (COMPASS)
Under the COMPASS scheme, which came into force on 1 September 2023, foreign professionals, managers and executives must apply for an EP to gain the right to work in Singapore.
EP applications are assessed under four foundational criteria: C1 – salary; C2 – qualifications; C3 – diversity; and C4 – support for local employment. There are also two bonus criteria: C5 – skills bonus and C6 – strategic economic priorities bonus. Applicants are required to obtain at least 40 points to pass.
One of the foundational criteria, the C1 salary criterion, compares an applicant's fixed monthly salary against the salaries of local professionals, managers, executives and technicians (PMETs) in the relevant sector. The applicable salary benchmark varies by sector and age group. The benchmarks are updated annually to reflect local salary level thresholds.
In general, applicants may earn 10 points under the C1 criterion if their salary meets or exceeds the 65th percentile of local PMET salaries in their sector. In some cases, applicants may earn as much as 20 points if their salary meets or exceeds the 90th percentile of...
Read Full Story:
https://news.google.com/rss/articles/CBMitwFBVV95cUxQeGxYUGVESjh4NmNHOFYzamx6...