Singapore: Fair consideration framework - additional guidance includes advertising exemptions

Global Watch ()
On September 23, 2013, the Ministry of Manpower (MOM) announced the Fair Consideration Framework (FCF) designed to ensure that fair consideration is given to Singaporeans before approving employment passes for foreign professional workers. The FCF includes a mandatory advertising requirement, increased scrutiny of HR practices, and enhanced employment pass qualifying requirements.

While the MOM are still working to finalise the specific implementation details before August 1, 2014, further details on the changes were recently provided to PwC following meetings with MOM. Most notably, details regarding exemptions from mandatory advertising were provided. It is expected that these details and other implementation arrangements will be confirmed by MOM in due course.