Ministry of manpower Singapore

Singapore, Committee of Supply, Ministry of Manpower, Singapore Budget 2023, Minister of Manpower Dr. Tan See Leng.

Efforts include the introduction of Tripartite Guidelines on Flexible Work Arrangements by 2024, to better support the needs of businesses and employees. As part of efforts to uplift lower-wage workers, all recommendations by the Tripartite Workgroup on Lower-Wage Workers will be implemented by July 2023. The Government will continue to preserve harmonious and non-litigious workplace culture. It was also announced that MOM will extend the Senior Employment Credit and Part-time Re-employment Grant until 2025 to support employers in hiring and retaining senior workers. From July 2023, 70,000 more lower-wage workers will be eligible for the Workfare Skills Support Scheme. There will be no change to the annual salary ceiling of S$102,000. As announced by Deputy Prime Minister and Minister of Finance Lawrence Wong, to help middle-income Singaporeans save more for retirement, the CPF monthly salary ceiling will be raised from S$6,000 to S$8,000 in 2026 to keep pace with rising salaries. For example, MOM is working with the Institute of Policy Studies to convene a Citizens’ Panel on employment resilience. This is to allow employers in the services and manufacturing sectors to hire Work Permit Holders from NTS countries for seven occupational types. This year, there will be no change to the EP qualifying salary. With these definitive benchmarks, employers can expect regular and predictable adjustments to the EP and S Pass qualifying salaries and levies. The new CareersFinder feature will be launched in a beta version.