Lion City seeks to favour locals in hirings under its ‘Fair Consideration Framework’; foreign professionals may now opt for Hong Kong.
Hong Kong and Shanghai may have lost out to Singapore in the hunt for foreign talent over the years, but manpower experts believe a reversal is looming as the Lion City tightens the rules on the hiring of staff from overseas.
Singapore’s Ministry of Manpower announced last September that under its new “Fair Consideration Framework”, companies would need to consider locals before hiring from abroad.
“These changes are part of a broader effort to ensure that good jobs continue to be created for Singaporeans,” said Tan Chuan-jin, acting minister for manpower at the time.
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