The Employment Pass (EP) is the golden ticket for foreign professionals aiming to work in Singapore’s dynamic economy. But securing this coveted permit requires navigating a two-stage framework known as COMPASS – a transparent system designed to attract top talent while prioritizing local workforce development. This guide demystifies COMPASS, equipping both employers and aspiring EP holders with the knowledge to confidently navigate the eligibility process.
Stage 1: Meeting the Salary Benchmark
Before diving into COMPASS, candidates must hurdle the minimum salary requirement. This threshold varies based on job title and qualifications, ensuring competitiveness while protecting local wages. For instance, a software engineer with a bachelor’s degree needs to earn at least S$5,000 per month OR S$ 5,500 per month for someone working in the financial services sector. (Refer to MOM Website for latest information)
Stage 2: Conquering COMPASS – A Points-Based Assessment
COMPASS assesses candidates across five key areas, awarding points based on their individual and employer attributes:
- Salary (up to 20 points): Higher salaries earn bigger point rewards, reflecting the candidate’s value and expertise.
- Qualifications (up to 20 points): Advanced degrees and relevant experience add weight to your application.
- Workforce Diversity (up to 20 points): Employers with a diverse workforce are incentivized, promoting inclusivity and talent pool expansion.
- Support for Local Employment (up to 20 points): Initiatives like skills training programs for locals earn brownie points.
- Bonus Points (up to 20 points): Jobs on the Shortage Occupation List (SOL) and companies meeting specific economic priorities receive a valuable boost.
- Strategic Economic Priorities (SEP) (up to 10 points): Participate or meet the criteria for at least one of the eligible programmes
To secure your EP, you need to score at least 40 points. Remember, a strategic combination of individual merit and employer support can tip the scales in your favor.
Beyond the Points: Additional Considerations
While COMPASS plays a central role, your application may also be influenced by factors like:
- Work Experience: A strong track record in your field strengthens your case.
- Medical History: Good health is essential for contributing to Singapore’s workforce.
- Criminal Record: A clean record is paramount for obtaining an EP.
Charting Your Course to Success
Understanding COMPASS empowers both employers and foreign professionals to make informed decisions. Employers can tailor their recruitment strategies to attract high-scoring candidates, while foreign professionals can hone their profiles and leverage their strengths to meet the assessment criteria.
With careful planning and preparation, navigating the COMPASS framework and securing your Singaporean EP dream becomes a well-charted course. Remember, a successful application benefits both employers and foreign professionals, contributing to a thriving and diverse Singaporean workforce.
Refer to MOM Website for further details.
OR Reach out to us to get more information on the following for a Smooth Journey:
- COMPASS Guide: Dive deeper into the intricacies of the framework.
- Verification of Qualifications : Ensure your credentials meet Singapore’s standards.
- Workforce Insights Tool: Analyze your company’s standing on firm-related attributes.
- Self-Assessment Tool (SAT): Get an early indication of your application’s potential success.