Singapore adjusts the minimum base salary for professional foreign workers to 150,000 baht per month to meet work visa requirements.
Singapore adjusts the minimum base salary for professional foreign workers to 150,000 baht per month to meet work visa requirements.
The Nikkei News Agency reported on Monday (March 4, 2024) that the company that hiredforeign workersProfessional level (foreign professionals) inSingapore have to payMinimum salaryhigher so that workers meet the work visa requirements. This could affect businesses around the world that plan to send foreigners to work in the region’s economic hub.
Tan Si Leng, Minister of Labor Revealed in Parliament on Monday (March 4, 2024) that the government has adjustedbase salaryThe minimum for applying for a professional work visa has been raised to 5,600 Singapore dollars (about 150,000 baht per month) from the previous level of 5,000 Singapore dollars per month (about 133,000 baht per month).
Financial services sector The government sets a higher minimum base salary than that. Many companies are required to pay a minimum salary of $6,200 per month (about 165,000 baht per month) from the previous level of S$5,500.
“Salary adjustments to meet visa requirements are based on established wage standards. and ensure that local people will receive equality,” Tan said.
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Singapore has set a minimum base salary for foreign professionals for many years. and set stricter criteria to ensure equal employment of foreigners. and reassure local people about employment opportunities. Most recently, Singapore adjusted the base salary for this group of foreign workers in September 2022 from 4,000 Singapore dollars to 5,000 Singapore dollars.
Singapore is a country that relies heavily on foreign workers. According to the Ministry of Labor data, in June 2023 there were 1.48 million foreign workers, of whom 197,300 were professional foreign workers.
Proofreading….Suree Silawong
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2024-03-06 11:37:00
