MOM's stricter policies calls for adjustments to recruitment

Stricter policies have led to predictions of higher labour costs – how should HR adjust its recruitment strategies?

MOM's stricter policies calls for adjustments to recruitment

For employers who cannot cope with the increase in wage requirements, they can take it as an opportunity to re-look at ways to increase their present workforce’s productivity levels, said ECA International’s regional director, Lee Quane.

Employers are concerned with a possible hike in the cost of labour this year due to MOM’s increasingly strict controls on hiring.

The ministry’s latest labour report suggested there was an increase in wages for locals in 2017 due to strong economic growth. There was also positive economic outlook for 2018.

As for foreign employees, manpower minister Lim Swee Say had announced an increase in the minimum qualifying salary for S Pass holders from $2,200 to $2,400.

MOM has also been tightening the criteria for Employment Pass (EP) holders in terms of their salary, qualification and experience.

The move was done to heighten the quality of foreign hires, as well as to strike a “fine and dynamic balance” between local and foreign manpower, said MOM.

However, employers are still encouraged to hire foreign professionals who can help them address the local talent pool’s skill gaps, said Lim.

“Minister Lim said the door remains open to foreign professionals who have the skills needed to transform Singapore, including its workforce. When employing foreigners, companies would therefore benefit from ensuring that foreign staff mentor, train and develop their local colleagues,” Quane added.

 
 
 
 

Related stories

Free newsletter

Our daily newsletter is FREE and keeps you up-to-date with the world of HR. Please complete the form below and click on subscribe for daily newsletters from HRD Asia.

Recent articles & video

Are your employees taking their summer vacation?

Don't shoot the messenger! Group condemns attacks on journalists

The search for Asia's best employers has begun

Adapting to the new normal: Cyber security in the age of COVID-19

Most Read Articles

Singapore reveals new COVID-19 support package

Netflix’s 'Inhuman Resources' shows dark side of human psyche

Almost half of workers plan to quit due to COVID-19