EPEC Scheme Discontinued - Finding Jobs in Singapore Made Tougher for Foreign Graduates Says Singapore Company Registration Specialist

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The scrapping of the scheme is in line with the Singapore government’s overall shift in approach towards the influx of foreigners into the local job market. The Employment Pass Eligibility Certificate (EPEC) scheme has been abandoned just ahead of the revised eligibility framework for Employment Pass kicks in. Although the EPEC was not an employment pass, it endowed ample time for foreign graduates to stay in Singapore to look for suitable job offers, but from now on they will have to do so within a tight timeframe. http://www.rikvin.com/

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Singapore Company Registration Specialists

With the scrapping of the EPEC scheme the aspiring foreign graduates will now get a normal Visit Pass valid for three months only.

“The scrapping of the scheme is in line with the Singapore government’s overall shift in approach towards the influx of foreigners into the local job market. The Employment Pass Eligibility Certificate (EPEC) scheme has been abandoned just ahead of the revised eligibility framework for Employment Pass kicks in. Although the EPEC was not an employment pass, it endowed ample time for foreign graduates to stay in Singapore to look for suitable job offers, but from now on they will have to do so within a tight timeframe. This to some extent may reduce the competition for the locals in the job market,” says Satish Bakhda of Rikvin Consultancy a Singapore based corporate and immigration services agency.

Satish Bakhda’s comment follows the recent announcement by the Ministry of Manpower, scrapping the Employment Pass Eligibility Certificate (EPEC) scheme. The scheme was launched in 1992 with an aim of helping companies recruit good-caliber foreign candidates. Eligible candidates were issued a non-renewable EPEC on a one-time basis. The EPEC holders were eligible to apply for Long-Term Visit Pass (LTVP) for up to one year, during which the holder of EPEC can stay in Singapore and personally look for suitable job opportunity.

The Ministry of Manpower (MOM), after a review of the scheme, has stopped accepting any new applications for EPEC since 1 December 2011. All EPECs already issued would remain valid until their expiry. Within the validity period of the EPEC, the EPEC holder would continue to be eligible to apply for a Long-Term Visit Pass (LTVP) from the Singapore Immigration & Checkpoints Authority (ICA).

Commenting further on the new development Mr. Bakhda says, “With the scrapping of the EPEC scheme the aspiring foreign graduates will now get a normal Visit Pass valid for three months only. So the shortened time limit along with the revised higher qualifying criteria, which come into effect from 1 January 2012 it will be all the more challenging for them to land on desired jobs. So in order to make the window of time more productive the aspirants will have to streamline their job hunt process, do a lot of home work with regard to the potential employers, employment agencies that can aid them in the process, having all the paper works and testimonials ready and set their priorities right so that they can decide quickly on the job offers they get. For the employers, they are increasingly finding their scope of choice restrained by the revised criteria, now they will find fewer foreigners in the job market. Local job seekers will face lesser competition but will be expected to deliver more value and be more productive by their employers. So a fiercely competitive employment market is sure to be expected.”

About Rikvin:
Rikvin offers business solutions for both local and foreign investors and entrepreneurs. The firm’s specialties includes company registration services, offshore company setup, incorporation and other related corporate services. Rikvin also provides professional services on accounting, taxation, immigration and application of Singapore work visa for foreign workers to work and relocate in Singapore.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Website: http://www.rikvin.com/

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