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SINGAPORE - There are no plans to further raise the Local Qualifying Salary (LQS) of $1,400 for now, said Senior Minister of State for Manpower Zaqy Mohamad in Parliament on Tuesday (Sept 14). From September next year, firms hiring foreign workers will haveNo plans to raise Local Qualifying Salary of $1,400 for now
SINGAPORE - There are no plans to further raise the Local Qualifying Salary (LQS) of $1,400 for now, said Senior Minister of State for Manpower Zaqy Mohamad in Parliament on Tuesday (Sept 14). From September next year, firms hiring foreign workers will have to pay all local employees the LQS, the Ministry of Manpower announced in August. There were 103,000 full-time resident employees earning a gross monthly income of below $1,400 last year, which is about 5.3 per cent of the full-time employed resident workforce. This new LQS requirement will raise the wages of an estimated 77 per cent of these workers to at least $1,400 a month, Mr Zaqy said. Currently, firms hiring foreigners are required to pay at least the LQS to the local workers whom they need to count towards their foreign worker quota. Responding to questions from MPs such as Mr Yip Hon Weng (Yio Chu Kang) on whether the LQS will be reviewed regularly, Mr Zaqy said: "The LQS is a stable benchmark that has been in place for many years. It has been revised four times in the last five years. Read more
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