Which of Singapore’s industries do not employ many foreigners?
Many people from all over the world have chosen to come to Singapore to work. There are many advantages which a foreigner could gain through working in Singapore. The country is able to boast of extremely favorable tax rates, a robust level of economic growth, and a myriad of business opportunities. However, just as is the case in any other country, certain industries in Singapore have proven to be more friendly and open to the entry of foreigners who plan to work in such industries. Similarly, there are also several industries in which foreigners generally do not enter due to various reasons. These reasons can be economic, social, or a combination of both.
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Singapore’s Industries Which Employ Few Foreigners
Not every industry in Singapore employs large numbers of foreigners. One of the industries in the country which does not employ many foreigners is the professional services industry. A key reason for the relatively low number of foreigners working in the professional services industry lies in the fact that a large number of firms in this industry are being closely monitored by the government through its Fair Consideration Framework (FCF) initiative. The purpose of the FCF was to ensure that when firms hire workers, qualified Singaporean workers are to be prioritized before any foreigners can be considered for the position in question. Since many professional services firms are on the government’s FCF watch list, the number of Singaporeans who have been hired by such firms has therefore increased while the number of foreigners who have been hired by these same firms has declined.
Singapore’s information communication and digital media industry has also experienced a notable decline in the number of foreigners who work in the industry. Although this industry was once one of those in the country which was known to hire a large number of foreigners, such is no longer proving to be the case. Similar to the professional services industry, the number of Singaporeans who have been hired by companies in the information communication industry of Singapore has increased significantly. Thus, there have been fewer opportunities for foreigners to enter the industry. This has therefore caused the number of foreigners who work in the information communication industry of Singapore to have decreased.