What is the Fair Consideration Framework in Singapore?
The Fair Consideration Framework (FCF) is a Singapore law detailing fair hiring practices for all companies operating in that country. The intent of the FCF is to ensure that Singapore citizens have fair access to job opportunities, even those offered by foreign companies.
One of our clients needed to obtain and Employment Pass (EP) for one of their employees on assignment. The EP is the primary work permit used in Singapore for foreign nationals, and before submitting the EP application the position must be advertised on the Jobs Bank administered by Workforce Singapore.
This is an obvious challenge when assigning staff to a Singapore branch or company, and when helping our client secure an EP for their employee we had to be mindful of the FCF requirements implemented by the Ministry of Manpower (MOM), and possible exemptions...read more
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