Budget 2022 Announcements On Employment Pass And S Pass Moves (Part 2)
FAQ 1. What are the key changes to the EP and S Pass framework?
Going forward, MOM will aim to ensure that EP and S Pass holders are comparable in quality to the top one-third of our local PMET and APT workforce1 respectively.
The EP qualifying salary will therefore be benchmarked to the top one-third of local PMET wages.
The cost of hiring an S Pass holder (which includes both the qualifying salary and levy) will be benchmarked to the top one-third of local APT wages.
The setting of this clear benchmark will provide employers with greater predictability on how EP qualifying salaries, and S Pass qualifying salaries and levies, will be adjusted over time.
FAQ 2. Why is MOM making these changes now?
The revisions to the EP and S Pass criteria are part of MOM’s regular updates to ensure they keep pace with local wage growth.
In addition, the announcement of a clear benchmark is timely to provide businesses clarity for manpower planning, as they undertake crucial shifts to emerge stronger post-COVID.
FAQ 3. How can I find out what the qualifying salary will be for my EP/S Pass candidate?
Employers can use the Self-Assessment Tool (SAT) on the MOM website to assess if their candidate is eligible for an EP or S Pass.
The SAT will be updated by August 2022 to incorporate changes that are taking effect for new EP and S Pass applications from 1 September 2022.
The SAT will also be updated to provide guidance to firms in the Financial Services sector, which are subject to a higher EP qualifying salary.
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