sses that still want to hire foreign workers. From the current monthly rate of S$1200, it will be raised to S$1300 by July.A company’s local qualifying salary is the mandatory wage that companies must pay their Singaporean workers if they still wish to continue hiring foreign workers along with locals.
Ms Teo said that the reasons for the decision from the Manpower Ministry to raise the qualifying salary includes the increase in local salaries as well as the future decrease in the quota for foreign workers in the services sector that was discussed in the Budget 2019 speech by Heng Swee Keat, the country’s Finance Minister.
This only applies to the services sector, as the Manpower Minister claims the most restructuring is needed in this sector. She also encouraged an uplifting in the conditions of these types of employment in order to make them more attractive to locals. On the other hand, the PSG allows companies to apply for subsidies for out-of-pocket employee training expenses that are not covered by alternate subsidies from the Government. The maximum for this is 70 percent, at up to S$10,000 per enterprise.
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