GE2025: Balancing need for foreign talent with aspirations of Singaporean workers
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The topic remains hotly debated, with the last five years marked by sea changes to the Republic’s foreign talent framework, accompanied by measures to lift the local workforce. Singapore must remain open to the world to stay competitive and support the neeGE2025: Balancing need for foreign talent with aspirations of Singaporean workers
The topic remains hotly debated, with the last five years marked by sea changes to the Republic’s foreign talent framework, accompanied by measures to lift the local workforce. Singapore must remain open to the world to stay competitive and support the needs of society, said Minister for Manpower Tan See Leng in the debate over the Ministry of Manpower’s (MOM) latest budget in March. Today, foreign-owned firms make up around 20 per cent of firms here and employ 60 per cent of Singapore residents in high-earning jobs that pay over $12,500 in gross monthly salary. To the PAP government, the figures underscore the importance of attracting foreign investments and the global talent that follows such investments, in a way that complements local resident workforce growth and creates good jobs for Singaporeans. But in a shift in recent years, it has also more pointedly recognised the anxieties Singaporeans have towards competition from the foreign workforce, and the benefits that accrue to locals. Read more
