It was reported last week (5 Aug) that the Ministry of Manpower (MOM) had placed another 47 companies with suspected discriminatory hiring practices on its Fair Consideration Framework (FCF) watchlist (‘MOM places firms with “high concentration of PMETs from single nationalities” in FCF watchlist‘).

Of the 47 companies, 30 (64 per cent) are in the financial and professional services sectors. They include banks, fund management firms, management consulting companies, as well as firms that provide project management and engineering services.

MOM said that all 30 of the financial and professional services employers have a “high concentration of PMETs from single nationalities”.

In one financial institution in the fund management industry, almost three-quarters of their PMETs are of the same nationality and in another bank, almost two-thirds of the PMETs are also of the same nationality, MOM revealed.

Banks interviewed by the media, on the other hand, maintained that a large majority of their employees are locals, which include both Singaporeans and Permanent Residents (PRs).

Banks say large majority of employees are “locals”

In a news report today (13 Aug), Banks said that they keep a “strong local core” in the workforce, while “growing the pipeline of local talent”. Their responses came as the Monetary Authority of Singapore (MAS) urged financial institutions to grow the talent pool in Singapore.

Standard Chartered said the number of employees has grown from 8,000 to 10,000 in recent years, with “70 per cent of its Singapore management team” being Singaporeans. It did not disclose the number of people in its management team.

DBS Bank said that over 90 per cent of its 12,000 employees here are Singaporeans and PRs. It added that it would ensure “a strong complement between our local and foreign talent”.

UBS said around 75 per cent of its workforce of 3,000 are Singaporeans or PRs.

HSBC said more than 85 per cent of its employees are Singaporeans or PRs while almost 75 per cent of its senior staff positions are held by Singaporeans or PRs. “Our support extends to building a strong Singapore core and we have policies and measures to invest, develop, and promote Singaporean talent,” said HSBC.

OCBC said locals, that is, Singaporeans and PRs, account for 90 per cent of OCBC Group’s headcount here.

However, DBS, UBS, HSBC and OCBC all did not reveal any further breakdown in numbers of Singaporeans and PRs employed inside their banks.

PRs are, of course, not Singaporeans. They are holders of foreign passports.

MTI: We need to continue to welcome immigrants and grant PRs

According to a FAQ for the Population White Paper published online by the Trade and Industry Ministry (MTI), it said that the government has “tightened up significantly” on the number of PRs granted each year, coming down from a high of 79,000 new PRs in 2008 to about 30,000 each year currently.

“We need to continue to welcome immigrants who intend to sink roots and have a long term stake in Singapore so as to stop our citizen population and workforce from shrinking,” MTI said.

“At the same time, the government has also since tightened foreign workforce policies to moderate the demand for foreign workers. While we do not want to be overwhelmed by more foreign workers than we can absorb, a complementary workforce of Singaporeans and foreigners are needed to keep Singapore dynamic.”

MTI added that the government will “welcome immigrants who can contribute to our country share our values and integrate into our society”. MTI is currently run by Minister Chan Chun Sing.

Subscribe
Notify of
54 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
You May Also Like

International human rights lawyer, M Ravi gets back his practising certificate after four years

In a Facebook post on Friday (5 July), international human rights lawyer…

患难送温情 暖男背不良于行老妇上楼梯

诺维娜地铁站的电梯发生了故障,数名轮椅使用者被困在月台,当局提供协助,带了数名行动不方便人士离开. 其中也有位男士见义勇为,背起乘坐轮椅的老妇,走楼梯上到控制站的平台上,令老妇和其女儿备受感动。 网民克拉丽丝(Clarice译音)在网络新闻网站《Stomp》分享这则好人好事,而她正是这名老妇的女儿。 她指出,诺维娜地铁站的电梯于周二(17日)早上发生故障,导致数名行动不方便人士受困于月台。 她的母亲也是受困人士之一。克拉丽丝指出,当天她陪伴双脚被截肢的母亲,要到陈笃生医院(TTSH)看诊,但是当他们于早上9时40分抵达诺维娜地铁站时,被告知电梯发生故障。 “很快就见很多轮椅使用者开始聚集在电梯前等候,但是我们都被困在地铁月台。” “我们向地铁站职员求助,他们劝我们可以乘地铁到大巴窑,然后乘搭143号巴士去到医院,或者改期看诊。” 克拉丽丝指出,她必须请假才能带母亲去看诊,因此改期并非绝佳选项。 她也表示,当时只见有些职员鼓励能够行走的轮椅使用者,改用电扶梯或走楼梯上楼,他们则协助搬运轮椅;一部分行动不便者则选择搭地铁到大巴窑,从该处出发到医院。 “基于我母亲已过了医院的看诊约定时间,而地铁站职员也表示为了安全起见,他们无法移动客户,因此我们决定让我们的助手背着她,在地铁站职员的帮助下上楼。” 克拉丽丝表示,此时一名年轻的男子趋前表示乐意给予帮助,能够把母亲背上楼上。 “虽然他体形高大,但是我母亲的体重有至少80公斤,他必须背着她行走两段楼梯到控制台去。”…

Lawyer M Ravi slams police for arresting woman in public for allegedly pouring soup on stranger

Human rights lawyer M Ravi took to Facebook on Wednesday (14 October)…