Decline in S Pass and Employment Pass Holders Amid Tougher Policies in Singapore
Wednesday, 18 September 2024, 19:00
The Impact of Tougher Policies
The recent decline in S Pass and Employment Pass holders highlights the effects of stricter regulations. According to reports from the Ministry of Manpower (MOM), the statistics pinpoint a reduction in foreign workforce entrants.
Key Statistics Revealed
- 12% reduction in S Pass applications year-over-year.
- Employment Pass approvals dropped by 15% in the last quarter.
- Current policies are leading to a shift towards local employment.
Future Trends and Workforce Dynamics
The shifting landscape will likely influence how companies approach hiring foreign talent in the near future. Organizations may need to adapt to align with government priorities and local employment initiatives.
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.