https://www.straitstimes.com/singap...-firms-depend-less-on-foreigners-tan-see-leng
SINGAPORE – Early results from a points-based system to evaluate Employment Pass (EP) applications rolled out in September 2023 suggest it has made employers more selective in hiring foreign talent, said Minister for Manpower Tan See Leng on March 6.
Since the Complementarity Assessment Framework, or Compass, was introduced, the share of firms with higher dependence on foreigners of a single nationality has decreased by 7 per cent, Dr Tan told Parliament during the debate on the Ministry of Manpower’s (MOM) budget.
He was responding to questions from labour MP Patrick Tay (Pioneer) on how the Republic’s EP framework incentivises businesses to develop a strong local core.
The share of firms with higher dependence on foreigners generally has decreased by 15 per cent, Dr Tan added.
Across both categories, the firms also created 4,000 more professional, managerial, executive and technical jobs for locals, he noted.
