The Impact of Singapore’s New Framework on Skilled Worker Visas 🌐
The IT industry has expressed concerns to the Indian government about the potential impact of Singapore’s new framework for skilled worker visas. This new system could hinder the ease of doing business due to the existing skills shortage in the industry. Specifically, the industry has raised issues with the narrow criteria under the points-based framework, which may not accurately reflect the actual scenario on the ground. Industry body Nasscom has highlighted several key areas of concern regarding this new framework.
Elevating Tech Skills with Premium Courses 🚀
Here are some high-value skill courses that can help you enhance your technical prowess:
- Indian School of Business – Professional Certificate in Product Management
- Website: https://economictimes.indiatimes.com/tech/information-tech/it-flags-singapores-new-skilled-visa-framework/articleshow/111995885.cms
- Indian School of Business – ISB Product Management
- Website: https://economictimes.indiatimes.com/tech/information-tech/it-flags-singapores-new-skilled-visa-framework/articleshow/111995885.cms
- MIT xPRO – MIT Technology Leadership and Innovation
- Website: https://economictimes.indiatimes.com/tech/information-tech/it-flags-singapores-new-skilled-visa-framework/articleshow/111995885.cms
Key Changes in the Visa Policy 🛂
Starting from September, there will be significant changes in the visa policy related to skilled worker visas in Singapore:
- Applicants for visa renewals must earn a minimum of 40 points under the new Complementarity Assessment Framework (COMPASS).
- They also need to meet the qualifying salary requirements to obtain an Employment Pass (EP) for working in Singapore.
Industry Response and Recommendations 🌍
Shivendra Singh, VP of Global Trade Development at Nasscom, highlighted the following points in response to the new framework:
- The shortage of digital talent in Singapore is well-known.
- Critical skills should be brought in through non-immigrant visas like the EP.
- The need to expand the list of eligible universities to reflect the industry’s diverse recruitment practices.
Challenges and Suggestions for Improvement 💼
Nasscom has identified certain challenges with the new framework and provided recommendations for improvement:
- Equal weightage for all nationalities in diversity assessment may not accurately represent the demand-supply situation.
- Nasscom suggests adding more occupations to the Shortage Occupation List to attract skilled workers.
- Greater clarity is needed on earning points under the strategic economic priorities pillar.
Hot Take: Final Thoughts on the Matter 📣
As a crypto enthusiast looking to stay informed about developments in the tech industry, it’s essential to pay attention to policy changes that could impact global talent mobility. The concerns raised by the IT industry regarding Singapore’s new framework for skilled worker visas highlight the ongoing challenges in attracting and retaining top talent in the digital space. By staying updated on these issues, you can better understand the evolving landscape of tech talent acquisition and ensure your skills remain relevant and competitive in the ever-changing digital economy.
By
By
By