Increase In Local Qualifying Salary
| Published date | 25 March 2024 |
| Law Firm | Fakhoury Global Immigration |
| Author | -1 Fakhoury Global Immigration |
Effective July 2024, an increase in Singapore's Local Qualifying Salary (LQS) from S$1,400 to S$1,600 per month will impact a firm's foreign worker quota entitlement. The minimum hourly rate has also been raised to S$10.50 per hour (up from S$9). The LQS is used to determine the number of local employees that can be used to calculate a company's Work Permit and S Pass quota entitlement. With the increase in LQS, companies may need to adjust their hiring strategies and workforce composition to comply with...
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