To ensure the quality of Employment Pass (EP) holders, EP qualification salaries will be benchmarked against the salaries of the top 1/3 of Singaporean workers in the PMET (Professionals, Managers, Executives and Technicians) category.
From September 1, 2022, EP holders must match the higher qualifying salary. Older candidates will need a higher salary to qualify.
The financial services sector will continue to have higher qualifying salaries due to higher average labor market salaries.
Given this benchmark, employers should expect regular qualifying wage updates to reflect local PMET pay trends, taking into account prevailing economic conditions.
IMPORTANT:
The revised qualifying wage will apply to:
From September 1, 2022, EP holders must match the higher qualifying salary. Older candidates will need a higher salary to qualify.
The financial services sector will continue to have higher qualifying salaries due to higher average labor market salaries.
Given this benchmark, employers should expect regular qualifying wage updates to reflect local PMET pay trends, taking into account prevailing economic conditions.
IMPORTANT:
The revised qualifying wage will apply to:
- New applications effective September 1, 2022
- Renewals effective September 1, 2023
