250 firms on MOM watch list for unfair employment practice
800 more Singaporeans PMEs hired effected by the list
At the end of February, there were 250 companies on the Fair Consideration Framework watch list, which tracks firms not doing enough to hire and groom Singaporeans - Manpower Minister Lim Swee Say told Parliament early this month.
He also added that 50 firms among them were considered "have not been receptive or cooperative", and more than 500 of their applications for Employment Pass have been rejected by the MOM.
Under the Fair Consideration Framework, which was implemented in August 2014, rules were put in place to ensure that firms consider Singaporeans for job openings.
These companies being on the watch list are to get guidance over 6 months from Tripartite Alliance for Fair and Progressive Employment Practices to improve their employment practices.
Some have responded positively and have hired 800 more Singaporean PMEs by now.
Those that continue to improve can be removed from the list.
The article on Mothership.sg reported a new foreign-local mindset for Singapore’s future economy introduced by MOM Minister Lim Swee.
The workforce is currently made up of two-thirds Singaporeans while a third is foreign employees.
Moving from the “2/3 : 1/3” mentality to “2/3 + 1/3 > 1” working together, according to Lim.
What does this mean?
Read more on the original articles here.