S Pass qualifying monthly salary to be S$2,400

350 companies still remain on the watchlist of MOM

Last week, the top headline of the StraitsTimes newspaper caught my attention.

"Rules the hiring of foreigners will be tightened", "More better job chances for Singaporeans".

Currently, companies with at least 26 workers must register vacancies on Jobs Bank, for jobs paying under S$12,000 a month. This rule will be extended from July 1 to cover firms with at least 10 workers and for a jobs paying under S$15,000 a month.

In addition, S Pass' minimum qualifying salary will be raised from $2,200 to $2,400 in 2 years.

This is to give Singaporeans a fair shot at more better jobs.

Over the past 2 years, 500 companies have been put on the Fair Consideration Framework watchlist. While 150 companies have improved and left the watchlist, 350 firms still remain in the list.

For more details, read the original article here: http://www.straitstimes.com/politics/parliament-500-companies-placed-on-moms-watchlist-for-unfairly-favouring-foreigners-lim