{"id":6274,"date":"2023-09-08T12:02:29","date_gmt":"2023-09-08T12:02:29","guid":{"rendered":"https:\/\/www.elitestage.cn\/?p=6274"},"modified":"2023-09-08T12:10:06","modified_gmt":"2023-09-08T12:10:06","slug":"important-notice-of-singapores-ep-and-sp-qualification-criteria","status":"publish","type":"post","link":"https:\/\/www.elitestage.cn\/de\/important-notice-of-singapores-ep-and-sp-qualification-criteria\/","title":{"rendered":"Important Notice of Singapore&#8217;s EP and SP Qualification Criteria"},"content":{"rendered":"<section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<section>Starting from September, Singaporean employers will need to offer higher monthly salaries to apply for<strong>\u00a0Employment Passes (EP)<\/strong>\u00a0for newly hired foreign white-collar employees. Additionally, the construction and manufacturing industries will see a reduction in the number of foreign workers they can hire.<\/section>\n<\/section>\n<\/section>\n<section>The EP is typically issued to professionals and managerial-level employees, while the<strong>\u00a0S Pass (SP)\u00a0<\/strong>is applicable to mid-skilled workers and technicians. The income criteria for the S Pass will also be increased again in<strong>\u00a0September 2024 and September 2025.<\/strong><\/section>\n<section>\n<section>\n<section>The revised income standards for Singaporean Employment Pass (EP) and S Pass (SP) are as follows:<strong>Employment Pass (EP) applicants:<\/strong>\u00a0The minimum monthly salary requirement has been raised to\u00a0<strong>SGD<\/strong><strong>5000<\/strong>, and for the financial services sector, the minimum monthly salary has been raised to\u00a0<strong>SGD 5500<\/strong>.<\/p>\n<p><strong>S Pass (SP) applicants:<\/strong>\u00a0The minimum monthly salary requirement has been raised to\u00a0<strong>SGD 3000<\/strong>, and for the financial services sector, the minimum monthly salary for S Pass applicants has been raised to\u00a0<strong>SGD 3500<\/strong>. Existing EP and SP holders seeking renewal will need to meet the new income criteria by<strong>\u00a0September 1, 2023.<\/strong><\/p>\n<\/section>\n<\/section>\n<\/section>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-6277\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2.jpg\" alt=\"\" width=\"940\" height=\"627\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2.jpg 940w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-300x200.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-768x512.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-18x12.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-150x100.jpg 150w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-360x240.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-373x249.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-80x53.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-620x414.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-460x307.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP2-365x243.jpg 365w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<section><\/section>\n<section>\n<section>\n<section>\n<section>\n<section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><strong>Detailed Explanation of Singapore&#8217;s EP Changes<\/strong><\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>Starting from September this year, EP applicants will need to score above\u00a0<strong>40 points\u00a0<\/strong>in the Complementarity Assessment Framework (COMPASS) to be eligible for an EP.The framework consists of\u00a0<strong>4 fundamental criteria and 2 bonus criteria<\/strong>, with 3 criteria related to the individual and 3 related to the employing company. Scores are assigned both to the individual and the company.<\/p>\n<p>EP Compass evaluates the following basic\u00a0<strong>dimensions and bonus items<\/strong>: (Each item is worth 20 points)<\/p>\n<p><strong>Basic Dimensions:<\/strong><\/p>\n<ul class=\"list-paddingleft-1\">\n<li>C1. Age<\/li>\n<li>C2. Education<\/li>\n<li>C3. Workforce Diversity<\/li>\n<li>C4. Local Workforce Contribution<\/li>\n<\/ul>\n<p>(C1) + (C2) criteria are for the\u00a0<strong>individual<\/strong>, while (C3) + (C4) criteria are for the\u00a0<strong>company<\/strong>.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-6278\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3.jpg\" alt=\"\" width=\"940\" height=\"627\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3.jpg 940w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-300x200.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-768x512.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-18x12.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-150x100.jpg 150w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-360x240.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-373x249.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-80x53.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-620x414.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-460x307.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP3-365x243.jpg 365w\" sizes=\"(max-width: 940px) 100vw, 940px\" loading=\"lazy\" \/><\/p>\n<p>A score of\u00a0<strong>20 points<\/strong>\u00a0is given if the salary is equal to or above\u00a0<strong>90%<\/strong>\u00a0of peers in the same industry and age group,\u00a0<strong>10 points<\/strong>\u00a0for<strong>\u00a065%-90%<\/strong>, and no points for below<strong>\u00a065%.<\/strong>\u00a0Graduates from reputable universities earn\u00a0<strong>20 points<\/strong>, while those with regular bachelor&#8217;s degrees or equivalent qualifications earn\u00a0<strong>10 points<\/strong>.<\/p>\n<p><strong>Company workforce diversity is assessed.<\/strong>\u00a0If the applicant&#8217;s nationality constitutes\u00a0<strong>less than<\/strong><strong>\u00a05%<\/strong>\u00a0of the company&#8217;s white-collar workforce, they earn<strong>\u00a020 points<\/strong>;\u00a0<strong>5-25%\u00a0<\/strong>earns\u00a0<strong>10 points<\/strong>, and<strong>\u00a0above 25%<\/strong>\u00a0earns no points. For example, if a company has 100 white-collar employees, with 99 locals and 1 Malaysian, a new EP applicant from Malaysia falls within the 5% threshold and earns 20 points.<\/p>\n<p><strong>Supporting local employment.\u00a0<\/strong>If local Singaporean white-collar employees make up\u00a0<strong>50%<\/strong>\u00a0or more of the company&#8217;s white-collar workforce, the company earns\u00a0<strong>20 points<\/strong>;\u00a0<strong>20%-50%\u00a0<\/strong>earns\u00a0<strong>10 points<\/strong>.<\/p>\n<p>For smaller companies with less than 25 white-collar employees, it&#8217;s challenging to meet both (C3) and (C4) requirements. Therefore, a special policy gives companies with fewer than 25 employees in this category 10 points each for (C3) and (C4).<\/p>\n<p><strong>Bonus Points:<\/strong><\/p>\n<p>\u2022\u00a0<strong>Skills Incentive<\/strong>\u00a0(up to 20 points) &#8211; Individual criterion<\/p>\n<p>\u2022\u00a0<strong>Strategic Incentive<\/strong>\u00a0(up to 10 points) &#8211; Company criterion<\/p>\n<p><strong>In-demand industry professionals<\/strong>\u00a0can earn an additional\u00a0<strong>20 points<\/strong>. The notion of in-demand industries is tied to contributing to Singapore&#8217;s internationalization and innovation. This criterion requires close collaboration between the employer and government agencies and institutions.<\/p>\n<\/section>\n<section><\/section>\n<\/section>\n<\/section>\n<section><img decoding=\"async\" class=\"alignnone size-full wp-image-6279\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4.jpg\" alt=\"\" width=\"650\" height=\"443\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4.jpg 650w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-300x204.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-18x12.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-360x245.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-373x254.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-80x55.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-620x423.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-460x314.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP4-365x249.jpg 365w\" sizes=\"(max-width: 650px) 100vw, 650px\" loading=\"lazy\" \/>From the EP Compass, it&#8217;s evident that the Ministry of Manpower (MOM) focuses on the following aspects:<\/p>\n<\/section>\n<section>\n<section>\n<section>\n<ul class=\"list-paddingleft-1\">\n<li>Whether the applicant can contribute to\u00a0<strong>higher income tax<\/strong>\u00a0for Singapore<\/li>\n<li>Graduates from internationally renowned universities<\/li>\n<li><strong>Workforce diversity<\/strong>\u00a0in companies, promoting multicultural development<\/li>\n<li>Companies that provide employment opportunities to local Singaporeans<\/li>\n<\/ul>\n<\/section>\n<\/section>\n<\/section>\n<section>The Singaporean government stated, &#8220;We will periodically adjust the income thresholds to ensure the quality of EP holders, as the employer&#8217;s willingness to pay a certain salary is an indicator of the EP holder&#8217;s quality.&#8221; The goal is to ensure that new EP holders can\u00a0<strong>match the top third of Singapore&#8217;s white-collar employees<\/strong>, contributing to the economy and enhancing the skills of their co-workers, as well as the country&#8217;s professional and executive workforce.The government will improve the evaluation process for EP applications,<strong>\u00a0focusing on diversity\u00a0<\/strong>in foreign labor and ensuring complementary contributions with local employees. This will lead to a more transparent and certain application process for companies.<\/p>\n<p>Furthermore,<strong>\u00a0a new foreign workforce tax framework<\/strong>\u00a0will replace the existing foreign worker quota system, encouraging the employment of more high-skilled work pass holders and supporting more non-traditional work arrangements. To provide companies with sufficient time to prepare, adjustments to the foreign worker ratio cap and foreign workforce tax will come into effect in<strong>\u00a0Ja<\/strong><strong>nuary 2024<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6275\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5.jpg\" alt=\"\" width=\"1080\" height=\"536\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5.jpg 1080w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-300x149.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-1024x508.jpg 1024w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-768x381.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-18x9.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-360x179.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-373x185.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-80x40.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-620x308.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-460x228.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/09\/EP5-365x181.jpg 365w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p class=\"tx-excerpt\">Starting from September, Singaporean employers will need to offer higher monthly salaries to apply for\u00a0Employment Passes (EP)\u00a0for newly hired foreign white-collar employees. Additionally, the construction and manufacturing industries will see a reduction in the number...<\/p>","protected":false},"author":1,"featured_media":6276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-6274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Important Notice of Singapore&#039;s EP and SP Qualification Criteria - elitestage.cn<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.elitestage.cn\/de\/important-notice-of-singapores-ep-and-sp-qualification-criteria\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Important Notice of Singapore&#039;s EP and SP Qualification Criteria - elitestage.cn\" \/>\n<meta property=\"og:description\" content=\"Starting from September, Singaporean employers will need to offer higher monthly salaries to apply for\u00a0Employment Passes (EP)\u00a0for newly hired foreign white-collar employees. 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