Larger firms in Singapore that have at least 30% foreign professional, managerial, executive, and technician workforce have stayed consistent over the past ten years, at 20%, as per the latest data by Minister for Manpower Dr Tan See Leng on May 7.
However, on average, over the past ten years, around 20% of small firms have had a foreign PMET share of 30% or more. Despite small firms constituting 96% of all firms in Singapore, they only employ about 30% of EP holders, Dr Tan added. MOM will continue to closely monitor the workforce profile of all firms and adjust our policy levers where appropriate.”
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