Budget 2013: New salary rules for hiring foreign workers
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Firms will have to pay their full-time local workers at least $1,000 a month in order to hire foreigners as part of new requirements announced by Acting Minister Tan Chuan-Jin in Parliament on Thursday, March 14, 2013. -- ST FILE PHOTO: JOYCE FANG
Firms will have to pay their full-time local workers at least $1,000 a month in order to hire foreigners as part of new requirements announced by Acting Minister Tan Chuan-Jin in Parliament on Thursday.
Firms can hire foreign workers up to their allocated maximum proportion of foreigners in a firm or what is calculated using the Dependency Ratio Ceiling.
The salary of local workers are taken into consideration when calculating this ratio.
Currently, a local worker who earns at least $850 is considered a full-time worker. While a local worker who earns half the amount is deemed as working part-time.
