Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Blogs / S-Employment Pass Holders Form 25% of Singapore’s Foreign Workforce: MOM

S-Employment Pass Holders Form 25% of Singapore’s Foreign Workforce: MOM

S-Pass-holders

Last month, we discussed how the Ministry of Manpower Employment Situation report shed light on the unemployment situation in Singapore in Q2 2013. As announced in that report, further details will be revealed regarding this data in the Labour Market Report, Second Quarter 2013 report released today.

As communicated last month, employment creation in Q2 2013 has improved vis-a-vis Q1 2013. In Q2 2013, 32,500 more jobs were created while only 28,900 were formed in Q1 this year. This represents a marginal year-on-year (y-o-y) improvement from Q2 2012, which saw 31,700 jobs created. According to the new report, it meant that in June 2013, total employment registered 3,420,200, representing a 4% y-o-y increase.

In addition, excluding foreign domestic workers (FDWs), foreign employment growth slowed to 27,000, down from the gains of 34,100 in the same period in 2012.

MOM noted that this was the smallest growth since the first half of 2010, reflecting the continued fall in the number of Singapore employment pass holders and slower growth in Work Permit (WP) and S Pass holders.

Singapore employment pass holders

Source: MOM Labour Market Report, Second Quarter 2013 Report

According to the Annex above, a little over 25% of Singapore’s foreign workforce consist of S Pass and holders i.e. foreign PMETs in June. Analysis by Singapore company registration specialist Rikvin shows that the introduction of tighter eligibility criteria for the Employment Pass and S Pass will result in a continued downtrend in foreign PMET employment, especially for positions that are competitive.

Commenting further, Mr. Satish Bakhda, Head of Operations at Rikvin said, “The higher criteria will be harder to meet, but professionals with niche skills in high-tech sectors still have a good chance of complementing our resident workforce. As Singapore continues to develop the calibre of its talent as well as its high-tech and R&D sectors, it will continue to raise a demand for professionals who can contribute their skills and expertise meaningfully.”

Moving forward, MOM expects the labour demand to remain strong for H2 2013 unless severe and unexpected shocks occur in the external economy.


Don’t leave your S Pass application to chance

Leverage our expertise today for the best results! Call us at +65 6990 8220 or contact us now for a free consultation

Contact Us

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Singapore Firms Urged to Play a Part in Nation Building
Singapore Keen to Energize Technopreneur Scene

Contact Us

  • Rikvin Pte. Ltd. is a part of InCorp Group. All data collected in Rikvin.com website are part of In.Corp Global’s Privacy terms and conditions.

  • This field is for validation purposes and should be left unchanged.

Learning Guide

  • Incorporating a Company in Singapore
  • Singapore Immigration and Work Visas
  • Singapore Taxation
  • Accounting Services
  • Singapore Business Infographics
  • Singapore Industry Guides

Latest Posts

  • Going Offshore: Cayman Islands Company Incorporation vs Setting Up a BVI Company
  • Why Engage a Corporate Secretarial Services Provider?
  • Singapore Tax Basics: A Must-Read Guide for Business Owners
  • Singapore Dividend Taxes: Everything You Need to Know
  • 2024 Singapore GST Rate Change Transitional Rules
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.