Singapore says it is set to raise its salary benchmarks for the Employment Pass (EP) under the COMPASS framework, effective January 2025.
This move is aimed at attracting high-quality foreign talent while supporting the local workforce.
The Ministry of Manpower (MOM) announced these updates, which will impact both new EP applications and renewals.
The changes are part of a broader strategy to ensure businesses hire top-tier foreign professionals while maintaining fair competition with local talent.
The implementation will be phased, with the first changes taking effect in September 2024.
An Employment Pass (EP) is a work permit issued by the Singaporean government to foreign professionals who meet specific salary thresholds and possess relevant qualifications.
This pass is crucial for foreign workers seeking employment in Singapore, particularly in roles requiring specialized skills or expertise.
