The Fair Consideration Framework job advertisements and Singapore work visa processing time will be reduced.In addition, the Singapore government will reduce the time required to advertise a job under the Fair Consideration Framework from 28 days to 14 days with effect from September 1, 2022. The Ministry of Manpower (MOM) of Singapore has earlier extended the advertising period in response to the weak labour market following the outbreak of the new coronary heart disease.The processing time for all Singapore work visa applications will also be reduced from about three weeks to 10 days. According to the press release, 85 percent of online work visa applications will be processed within three weeks. With the Ministry of Manpower’s recent technical upgrade of the work pass system, Singapore work visas will be processed or updated to employers within 10 working days, effective in real time.The Singapore government has also made an update earlier to provide a 5-year work visa option for expatriates in shortage positions under the COMPASS framework. Applicants are required to earn a minimum salary of S$10,500 and pass the COMPASS framework with a minimum score of 10 on the multiple criteria.Tan said Singapore continues to face a global shortage of skilled professionals and the local government believes the renewal will attract qualified professionals who wish to relocate to Singapore.Singapore needs top talent to supplement the local workforce, so the NTUC supports the optimization of work visas,” said Tay Teck Guan, Assistant General Secretary of the National Trades Union Congress (NTUC), in a statement following the announcement.
But we also need to have appropriate safeguards in place to ensure that local talent in Singapore has a fair chance (of getting) a job, to level the playing field for local professionals, managers and executives (PMEs), and to maintain a strong and intact core Singapore workforce.
He added, “In addition, I believe the government will provide clear guidelines on the definition of top talent or publish a list of reputable companies that employ top talent to promote corporate responsibility. The government should also put in place measures to ensure that top expatriate professionals transfer and share knowledge with local Singaporean talent in order to promote Singapore’s talent development.”
