A Guide to Singapore Employment

Singapore is a country which has lowest unemployment rate. If you wish to make a career in a country with great lifestyle and excellent quality of life then Singapore is the place for you. Foreigners in this country feel at home because of the hospitality of the local people. With endless job opportunities in the country you can reach the pinnacle of your professional abilities. 

The country has constantly been known as a global business center because of its excellent infrastructure, open business strategies, political policies, highly skilled workers and the use of English as main language. According to a report by World Bank Group Singapore ranks first in terms of business regulations.The 2008-2009 Global Competitiveness Report by the World Economic Forum ranks the country first in terms of economies of Asia.

Employment: With over 30 % of its workers being foreigners the country has always extended its hand towards people wanting to work with them. There is shortage of workers in Singapore presenting ample opportunity to foreigners. The sectors which are expanding in the country are bio-medical sector, financing sector, manufacturing,  tourism and media.

• Finance sector: There is a shortage of finance sector professionals in the country. The finance companies are welcoming professionals who are talented and have a zeal to succeed.The UBS, Merrill Lynch, Credit Suisse, Citigroup private bank are some of the banks expanding their network in the country. Societe Generale, a French lending company has set up its office in Singapore to take advantage of today’s market situation.

• Bio-medical sector: The Biomedical Sciences Initiative was started in 2000 to look after the various research  activities in the sector. Applied Biosystems, Baxter, Biosensors, CIBA Vision and Fisher Scientific are some companies which have expanded their work in the country. Abbott’s US$280-million nutritional powder manufacturing plant is a big investment by the company in Singapore.

• Manufacturing Sector: Electronics employs about 90,000 workers and is all set to employ more professionals.Chartered Semiconductor Manufacturing, Infineon Technologies, Rockwell Automation are some of the major firms which employ a large number of people. The manufacturing sector is expanding continuously and is looking for talented professionals.

Visa: To work in the country you require Singapore Employment Pass. Applicants must have a minimum monthly salary of $ 2,500 to apply for this pass. There are three types of employment pass and you can apply for Singapore Employment Pass according to your job type and salary earned.