The manpower minister has just made an announcement . . . .
(NO he is not following his colleague Mr Lui Tuck Yew in retiring from politics)
(Picture from the Straits Times)
He announced that there will be more support to companies so that employers can hire more locals over foreigners and build towards future growth opportunities.
The Fair Consideration Framework (FCF) was introduced last year to ensure that Singaporeans are considered fairly for job openings before firms apply to employ foreign PMEs.
Since then, MOM has engaged over a hundred of firms.
The good news is that a majority of the firms have been responding well to MOM’s call to strengthen the hiring of local PMEs and for local PME’s to up-skill and re-skill.
The not so good news is that about 38 of the engaged firms (outliers in their respective industries such as Admin & Support, Construction, Infocomm, Finance & Insurance, Professional Services, Transport & Storage and Wholesale Trade) have been put on a watchlist.
All is not lost MOM will engage these 38 firms and others further to help them step up their efforts to train and develop local PMEs. IF there is a shortage of qualified Singaporeans, MOM will get the employers to transfer knowledge from the foreign PMEs to their Singaporean staff so that over time, more Singaporeans will be qualified to take on these opportunities and challenges.
It’s a win-win partnership for everyone because you are right, Singapore is for Singaporeans regardless if #sgelections are around the corner or not.
Article adapted from Ministry of Manpower Blog