Decline in S Pass and Employment Pass Holders: Tougher Policies Impacting Singapore's Workforce
Wednesday, 18 September 2024, 19:00
Impact of Tougher Policies on S Pass and Employment Pass Holders
The recent data from the Ministry of Manpower (MOM) highlights a significant decline in the number of S Pass and Employment Pass holders in Singapore.
Key Factors Contributing to the Decline
- Policy Changes: Tougher immigration policies have limited the issuance of work passes.
- Market Conditions: Economic factors have restricted growth in certain sectors relying on foreign talent.
- Government Initiatives: Enhanced support for local employment is amplified.
The Current Landscape
As companies adjust to tightened regulations, the workforce outlook appears uncertain. Continued monitoring by the MOM will be crucial as the economic environment evolves.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.