Hardwarezone user Savantrainmaker recently posted on the HWZ forum stating that many $12,001 per month and above jobs are going to FTs without even Singaporeans being able to see these positions being offered on the WDA job bank.
Here is the full story.
It’s a myth that FTs are cheap and they are needed to keep Singapore’s economy competitive.
Before March 2020, many $12,001 per month and above jobs go to FTs without even Singaporeans being able to see it on the WDA Job Bank. After March 2020, the revised rule was for jobs above $20,000.
Let me give you a few examples I know of my FT classmates, associates and acquaintance that had their EP-pass approved over the last 36 months.
– 34 y.o. Korean, Financial Accounts Manager (VP-title) @ MNC Bank (only bulge bracket with its Asia-Pacific HQ in Singapore) doing Nostro Reconciliation – $13,000 per month.
– 32 y.o. PRC, Ship Broker @ Scandinavian Shipbroking firm, doing shipbroking and ops functions – $14,000 salary + $2,500 housing allowance per month.
– 36 y.o. European, Chartering Manager @ Trading House – $18,000 salary + $6,000 housing allowance per month.
– 33 y.o. European, Regional Marketing Manager @ MNC Commodity Firm, overseeing a few regional markets of which he cannot even speak the languages. – $24,000 per month.
– 28 y.o. American, Consultant @ Big 4 Accounting Firm – USD$9,000 salary + USD$3,500 housing allowance per month.
– 31 y.o. Korean, Marketing Manager @ American Card Payment Firm, doing a brands marketing role – $15,000 salary per month.
– 30 y.o. Australian, Management Consultant @ MBB – $17,000 salary per month.
