Wage Credit Scheme (WCS)

新加坡吉野家快餐店服务员招聘简章
Yoshinoya's PRC recruitment for service crew jobs; basic salary SS1,100 + S$200 Housing Allowance — 22 May 2014

新加坡豆浆连锁店店员招聘 - 要求低
Singapore Soy Bean Franchise's PRC recruitment for cashiers and counter sales staffs, low requirement; basic salary S$1,000 + S$220 Housing Allowance — 5 May 2014

SP2200 机场搬运+司机男（雇主提供考驾照机会）
Local company, Changi Airport's PRC recruitment for logistic driver; basic salary S$2,200 — 26 Apr 2014

新加坡公司在中国招聘；文案策划，行政助理，市场推广助理，微博、微信社交媒体运营专员 — 23 May 2014
(Local company, BreadTalk's PRC recruitment for PMETs — 23 May 2014

Some ideas on how to milk the $3.6 billion Wage Credit Scheme (WCS):

This is predicated on a few assumptions :
a. That you have workers earning $4000 and below
b. That you are willing to fire employees
c. That you are willing to raise salaries
d. That you are willing to hire new employees
e. That you understand contractual obligations

Imagine you have an employee at executive level, drawing a pay at the cap of $4000. You decide to fire this executive even though he is contributing to your organization. The vacancy is now left to be filled by either a younger person or an equally experienced person. (You can equally hire a younger executive while retaining the experienced one for transfer of skills and knowledge).

In order to take advantage of the WCS, you will have to hire a younger person with relatively low experience and who will command a lower pay. If his performance is good, you promise a pay rise after a year (subsidised by WCS).

If you wish to retain the original executive while still taking advantage of WCS, you can terminate his present contract and rehire him under a cheaper contract, with pay raises (and ang pows to match his status quo) promised at a later date.

So really, the devil is in the details.

The most saddest thing on earth is when every human is reduced to merely a digit in production cost.

"If you're not good enough, life will kick you in the balls. That's just how things go." — Wee Shu-Min

Local PMEs don't have it easy: The no. of Derek Wee will increase in tandem with the increase in well-educated foreign Employment Pass (EP) holders

Foreign mid-level staff hired for the following reasons:

• The company did not need to pay CPF contributions for them;
  
• Their salary expectations were lower than Singaporeans'; 
• Their skill sets and experiences were on a par with those of Singaporeans; and 
• There is no levy for hiring foreign PMEs.
  

SME Committee urges government to scrap “unnecessary” levy for S Pass holders — 13 Jan 2015

Wage Credit Scheme (WCS)

Special Employment Credit (SEC)

Singapore needs 900,000 foreign workers on two-year work permits

Levies & quotas for hiring Foreign Workers:-

• MOM will continue to tighten eligibility for Q1 pass holders.
  
• Minimum S Pass qualifying monthly salary will be increased from $2k to $2.2k from 1 July 2013.
• Dependency ratio ceilings will be cut. DRC in services will be cut from 45 per cent to 40 per cent.
• In construction, levy rates for less skilled Work Permit Holders in Construction Sector will increase by $150 between Jul 2013 and Jul 2015.
• All foreign worker levies will be increased 2014 and 2015.

1. The Government announced hikes in foreign worker levies in 2010 and 2011.
2. These levies will be up by $150 to $330 per worker by July 2013.
3. The monthly levy for an S-Pass holder has gone up from $160 to $250 in 2012 and will go up to $650 by July 2015.

Est. levies to be collected from S-Pass holders, alone:

As at Dec 2012; 142,400 S-Pass holders X $250 per person; every month = $35,600,000.

As at Jun 2014; 164,700 S-Pass holders X $450 per person; every month = $74,115,000.

Note: S$450 per person is constant to show that  +3,800 S-Pass holders (from 160,900 to 164,700, Dec 2013 to Jun 2014) = +S$1,710, 000 ($74,115,000 -$72,405,000) 

Foreign Workforce Numbers as at Jun 2014: