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Singaporean officials released the upcoming salary benchmarking table as part of the first round of annual updates to its Complementarity Assessment Framework (COMPASS) criteria.
Key Points:
Additional Information: Candidates need to pass the points-based COMPASS system in addition to meeting the qualifying salary to obtain an EP. Further details on how EP applications are evaluated can be found here. A candidate’s fixed monthly salary is compared to salary benchmarks by sector. To earn points under the COMPASS salary criterion (category C1), employers must ensure that their foreign employees meet the minimum salary requirements specified in the COMPASS benchmarking table. The system rewards zero, 10 or 20 points for each category. The required fixed monthly salary for candidates increases progressively with age, and the full list of organization sector classifications can be found here.
This alert has been provided by the BAL Global Practice Group.
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