In Parliament on 5 March, Singapore’s Manpower Minister Lim Swee Say, confirmed that the scope of the Fair Consideration Framework (FCF) will be widened to include more employers – thus mandating advertising of jobs on the National Jobs Bank for 14 days for all companies with 10 or more employees.
As provided in an update by Berry Appleman & Leiden (BAL), the 14-day mandatory update is effective 1 July, and will apply to employers with 10 or more employees, advertising jobs that pay a fixed monthly salary below S$15,000 (about US$11,375).
This overhauls current rules, which say employers with 25 or fewer employees, and jobs paying less than S$12,000 per month are exempt from the rules.
The new rules are expected to lengthen overall processing time frames for more employers. Per BAL’s advisory, companies that are currently exempt from the Fair Consideration Framework advertising requirement should be prepared that after July 1 they may be covered by the rules.
Additionally, S-Pass minimum salaries will gradually increase through 2020. The current monthly salary for an S-Pass is S$2,200 and this will be increased to S$2,300 at the start of 2019 and S$2,400 at the beginning of 2020.