My eye balls rolling
The MOM is tightening rules for the PEP or Personalised Employment Pass for top tier foreign talents working in Sin. According to the media, this pass was introduced in 2007 to attract highly skilled foreigners to Sin. Pardon me for the pun. The terms of the PEP are so generous and liberal that it must be a privilege to qualify for one. Now the change, effective Dec 1, only those who earn a fixed annual income of $144k qualifies. Well, for such an exclusive pass and privileges, this should be the case.
Why are my eye balls rolling? Oh, it was also reported that when the PEP was introduced, this group of highly skilled foreign talents needed only $3,400 monthly income to qualify. Wow, must be some kind of exclusive talents doing charity works here. A new lousy local graduate’s starting pay is already more than $3000. So all our local graduates must be exceptionally qualified talents ya?
Now I can understand why Sin is so attractive to millions of highly talented FTs, all queuing up to Sin. My eyeballs haven’t stop rolling. We have 174,000 employment pass holders working here. I don’t have the number of PMETs that are unemployed, underemployed, or upgraded to become cleaners and masseurs and nurses. I am sure these PMETs, if health is ok, would not mind being reemployed for $3,400 instead.
The Human Resource professionals need a rethink, to look at the local PMETs as a trove of national treasure. Many are well qualified, highly experienced, and would be willing to take less, the same as cheap FTs, for a job. The HRs must be able to convince their bosses that this group of PMETs is value for money. They must not forget that they are paving a way for their own future and the future of their bosses who would very soon join the Dad’s Army and become redundant PMETs.
The strange thing about the HR profession is that they never grow old. The top management also never grow old. So growing old and becoming redundant will not be their problem. They will live forever young.