Career

3 Ways Singaporeans Can Benefit From the New Hiring Regulations for Foreigners

raffles-place-header (1)

Joanne Poh

0 Comments

6
Shares

Singaporeans have complained, and the government has acted. It is now going to be even more difficult for foreign hires to bring their families to Singapore as they will need to earn at least $5,000 a month. Companies looking to hire foreign PMETs will also need to play by tougher hiring rules. These are the latest in a slew of tightening measures designed to make it harder for foreigners to get hired here.

In essence, foreigners whose skills do not entitle them to relatively high paying jobs will find it harder to get a job and settle permanently here. While companies are moaning and groaning that they’ll need to search high and low for Singaporeans who are good enough or willing to fill their vacancies, here’s why Singaporeans might have reason to celebrate.

 

Increased hiring opportunities

Obviously, if it’s getting harder to hire foreigners to fill job vacancies, it also means it’s a good time to be a Singaporean looking for a job. In particular, PMET Singaporeans vying for entry level jobs or posts with salaries that fall below the $4500 mark needed for foreigners seeking Category P2 Employment Passes (or $3300 for jobs that can be filled by candidates seeking Category Q1 Employment Passes) stand to benefit.

In general, the job market at present is already one in which employees can afford to pick and choose, so Singaporeans are really spoilt for choice.

 

Higher bargaining power for salaries

Hiring foreigners just got a lot more expensive. Now that companies need to pay foreign candidates more in order to enable them to qualify for Employment Passes, many are also facing a shortage of overseas candidates they can afford. That is good news for middle income Singaporean hopefuls—not only has the competition been eliminated, they also have greater bargaining power over their salaries.

An employer would usually prefer to pay a Singaporean a little more than pay a lot more for a foreign candidate. And of course, the new rules also remove to a certain extent the dangers of having salaries undercut by cheaper hires from overseas—in fact, many foreign job seekers in Singapore have been decrying the fact that it is now much harder to find a job due to the fact that employers prefer to hire cheaper Singaporeans.

 

Better interaction with foreign colleagues

While many view Singapore’s immigration policy as an open door one that lets in any Tom, Dick or Harry, the government is actually getting a lot more selective these days, with a view to recruiting those who are more highly skilled and with the ability to upkeep their families here on a medium to long term basis.

Singaporeans who have cried foul over foreign colleagues who are unqualified or incompetent and just looking to make a quick buck here might now find that they are able to learn a thing or two from their highly skilled foreign colleagues. At the very least, tensions seem to have died down a little and the population is a little less vocal these days about their jobs being “stolen by foreigners”.

 

What Singaporeans Can Do

Now that hiring foreigners is a lot more expensive, Singaporeans stand a better chance of getting hired in positions that might otherwise have been filled by someone from overseas. However, it is crucial to understand that often a foreigner is hired because he possesses skill sets that few locals have.

For instance, few Singaporeans obtain university degrees in fields such as human resources or speech therapy, making it impossible to find qualified locals. Being aware of the gaps in the market and obtaining relevant qualifications and skills are a smart way to home in on vacancies that few Singaporeans can fill.

Have you been affected by the stricter rules on hiring foreigners? Tell us in the comments!

Keep updated with all the news!

Tags:

Joanne Poh

In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.

  • dd

    i think singaporeans who complain about foreigners taking away jobs from them should also think about all the singaporeans that goes overseas to take away jobs from people there.
    by the way, what are your thoughts about foreigners taking away your job opportunities? maybe it might start an online flame war and better left alone eh?

    • I don’t actually have a job in the traditional sense so I’m quite okay with it, but I can understand how this would cause some consternation…. Given the job market I think the main concern locals have is depression of wages rather than actual loss of job opportunities.

  • Ruben

    Singapore Govt is spoon feeding the nation,unqualified singaporean doing jobs many places,getting promotion,Racism everywhere,on the otherhand qualified foreigners are facing ocean of trouble from A-Z living with families,i have tried atleast 20 places for day care of my kid,could not find any places,i am paying maid levy 4times higher than singaporean,i am paying tax more than singaporean,as a foreigner i have minimum chances to get PR,i can not bring my mother to take care of my kid,Life is not less than miserable,at the end i will go back.And i will say this is Most Racist nation i have ever worked.Singaporean should more focused on their quality of performing job rather than nation or government or local jack/oiling back up,otherwise the Dollar rate will go down and down and down…..

  • Rufus

    @Ruben, ur English sucks. No wonder you seem to be leading a miserable life. from the looks of things, u r exactly the type of unqualified foreigners living in Singapore. Please get out, NOW. There are no needs to wait till the end, afterall, every country protects their people and citizen. The Singapore govt is not doing as much as the Australian, UK, France, etc. You are a disgrace to Foreign Talents like us. Oh wait, u aint talent.