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IMPACT – MEDIUM
The Singaporean government will increase its monthly salary for employment pass holders in September.
Additional Information: As of Aug. 1, employers can use the Self-Assessment Tool here to determine if their EP or S Pass candidates will meet the new qualifying salary. More information regarding the monthly salary requirement increase is available here.
BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage. Employers should take the new wage minimums into account and adjust their budgets if necessary.
This alert has been provided by the BAL Global Practice group. For additional information, please contact firstname.lastname@example.org.
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