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Fall in foreign manpower
Fall in foreign manpower: How changes to manpower policy are playing out
From more locals in workforce to higher productivity, the benefits are evident; but businesses in some sectors are finding it hard to cope
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Labour market figures released recently showed that the number of foreigners working in Singapore, excluding maids, fell by 32,000 last year - the biggest drop in 15 years.
PHOTO: ST FILE
A decade after starting software development company Tinkerbox Studios, founder Jaryl Sim, 32, had to disband a team of 10 software engineers last year due to rising costs.
Costs began to escalate when Tinkerbox could not find enough locals with the requisite skills, and had to bring in expensive foreign hires.
