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Budget 2022: EP, S-pass salary bump a blow to tech sector, but signals urgency in building local talent
Published Fri, Feb 18, 2022 · 08:15 PM
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THE salary bump to qualifying salaries for Employment Pass (EP) and S-Pass (SP) holders has businesses and observers noting the blow to talent-starved sectors while signalling the need to train local talent.
The tech sector in particular has been facing talent shortages and this new measure may even impede the growth of the infocomm technology sector in Singapore, according to Ivan Chang, treasurer of industry group SGTech.
"By raising the minimum qualifying salaries for E and S Passes, …
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