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In the first three quarters of 2015, total employment level grew by 16,200. [8] In December 2020, the unemployment rate is 3.2 per cent during the COVID-19 pandemic in Singapore. [9] As of November 2022, unemployment rate is 1.9 per cent with Singapore resident unemployment rate at 2.8 and Singapore citizen unemployment rate at 2.9 percent. [10]
Firms making new EP applications must advertise the job vacancy on a new jobs bank administered by the Singapore Workforce Development Agency (WDA). Each advertisement must be open to Singaporeans, comply with the Tripartite Guidelines on Fair Employment Practices, and run for at least 14 calendar days.
Permanent residency in Singapore is an immigration status in Singapore, second only to Singaporean citizens in terms of privileges. Collectively, both Singaporean citizens and permanent residents form the country's resident population and are calculated together in terms of census data and statistics.
As of June last year, Singapore had 197,300 foreigners on employment passes out of a total foreign workforce of about 1.5 million. The country has a population of 5.9 million.
Employment Pass (EP) - for professionals, managers and executives earning a fixed monthly salary of at least S$3,600. Not subject to quota, levy and nationality requirements, but fair consideration must be given to qualified local jobseekers. [37] Allowed to bring family members to Singapore if earning a fixed monthly salary of at least S$6,000.
For many businesses, applications for employment can be filled out online, rather than submitted in person. However, it is still recommended that applicants bring a printed copy of their application to an interview. [8] Application forms are the second most common hiring instrument next to personal interviews. [9]
Labor Condition Application. The Labor Condition Application (LCA) is an application filed by prospective employers on behalf of workers applying for work authorization for the non-immigrant statuses H-1B, H-1B1 (a variant of H-1B for people from Singapore and Chile) and E-3 (a variant of H-1B for workers from Australia).
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