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The Fair
Consideration
Framework (FCF)
What Is It?
With effect from 1 August 2014, firms
submitting new Employment Pass (EP)
applications will have to comply with the
advertising requirements set by the MOM.
This means before you can apply for an EP
you need to advertise a role for 14 days on
the newWDA jobs bank
Why Has It Been Introduced?
The Ministry of Manpower wants
companies to improve their hiring and
career development practices so that
Singaporeans are considered first at
the Professional, Managerial and
Executive (PME) level.
Who Does It Affect?
• Anyone making a hire who could end up offering the
role to an EP holder.
• As the role must be advertised for at least 14 days
before you make the EP application you should
advertise straight away when the vacancy first goes
‘live’.
• This is to give Singaporeans a fair chance to apply
for the role before the decision on who to hire is
made. It will also avoid delays in the hiring process
should you decide to employ an EP holder.
Are There Any Exemptions?
There are a few situations that will exempt you
from the FCF:
• You have less than 25 members of staff
• Your vacancy pays more than $12,000/month
• The FCF applies to EP passes only, S-Pass and
Work Permits are exempt
What If I’m Using a
Recruitment Agency?
Companies that use recruitment agencies will
still be required to meet the advertisement
requirement.
The recruitment agency may advertise on
behalf of the firm on the jobs bank.
I’ve Offered the Role, What
Now?
If no suitable Singaporean candidates apply, you may
offer your role to someone who requires an EP.
You’ll be required to provide theWDA Jobs Bank ID
number when you apply for their EP.
MOM will cross check this to ensure the role was
advertised for 14 days before you made the offer.
The role offered must be an exact match to the role
advertised.
What Do I Need to Do Next?
It’s legal requirement from August 1st so get ahead of the
game and start using it now.
Next time you have a vacancy below $12,000/month, use the
WDA jobs bank and get used to the system.
Set up an account with IRAS (see next page) and authorise
which people in your company can post jobs - this will
include authorising 33Talent if we are going to post on
your behalf
You can still use all your usual advertising and recruitment
methods alongside this.
Register A Company Account
Step 1: A company will have to prepare the following information:
• Company’s UEN
• e-Service Access Code from the IRAS (Obtain your code here)
• SingPass accounts of company personnel authorised to access the Jobs Bank (Register for
a SingPass account here).
Step 2: Companies login to IRAS’ e-Services Authorisation System (EASY) portal , chose the role of a
“Proposer” or “Approver”, and select “Jobs Bank Employer e-Services” that is offered by the “Singapore
Workforce Development Agency”.
Step 3: A company will proceed to authorise their staff to access the Jobs Bank within EASY (Learn how to
authorise your staff here).
Step 4: Authorised personnel from a company will login to the Jobs Bank’s Employer Portal via
their SingPass accounts.
Step 5: After login, authorised personnel of a company will provide the company’s details on the Jobs Bank
and process use the Jobs Bank’s features.
Useful Links
The Jobs Bank:
https://www.jobsbank.gov.sg/
WDA Guidelines:
http://www.wda.gov.sg/content/wdawebsite/JobsBank.h
tml
Ministry of Manpower’s Factsheet:
http://www.mom.gov.sg/Documents/press-
releases/2013/factsheet-fair-consideration-
framework.pdf
Thank You
Contact your 33Talent Account Manager for
more information
33TALENT PTE
100 Cecil Street, 10-01The Globe
Singapore 069532
P: +65 6329 1457
Reg# 201213995W
EA License# 13C6298

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How to use Singapore Jobsbank (new regulations under the Fair Consideration Framework)

  • 2. What Is It? With effect from 1 August 2014, firms submitting new Employment Pass (EP) applications will have to comply with the advertising requirements set by the MOM. This means before you can apply for an EP you need to advertise a role for 14 days on the newWDA jobs bank
  • 3. Why Has It Been Introduced? The Ministry of Manpower wants companies to improve their hiring and career development practices so that Singaporeans are considered first at the Professional, Managerial and Executive (PME) level.
  • 4. Who Does It Affect? • Anyone making a hire who could end up offering the role to an EP holder. • As the role must be advertised for at least 14 days before you make the EP application you should advertise straight away when the vacancy first goes ‘live’. • This is to give Singaporeans a fair chance to apply for the role before the decision on who to hire is made. It will also avoid delays in the hiring process should you decide to employ an EP holder.
  • 5. Are There Any Exemptions? There are a few situations that will exempt you from the FCF: • You have less than 25 members of staff • Your vacancy pays more than $12,000/month • The FCF applies to EP passes only, S-Pass and Work Permits are exempt
  • 6. What If I’m Using a Recruitment Agency? Companies that use recruitment agencies will still be required to meet the advertisement requirement. The recruitment agency may advertise on behalf of the firm on the jobs bank.
  • 7. I’ve Offered the Role, What Now? If no suitable Singaporean candidates apply, you may offer your role to someone who requires an EP. You’ll be required to provide theWDA Jobs Bank ID number when you apply for their EP. MOM will cross check this to ensure the role was advertised for 14 days before you made the offer. The role offered must be an exact match to the role advertised.
  • 8. What Do I Need to Do Next? It’s legal requirement from August 1st so get ahead of the game and start using it now. Next time you have a vacancy below $12,000/month, use the WDA jobs bank and get used to the system. Set up an account with IRAS (see next page) and authorise which people in your company can post jobs - this will include authorising 33Talent if we are going to post on your behalf You can still use all your usual advertising and recruitment methods alongside this.
  • 9. Register A Company Account Step 1: A company will have to prepare the following information: • Company’s UEN • e-Service Access Code from the IRAS (Obtain your code here) • SingPass accounts of company personnel authorised to access the Jobs Bank (Register for a SingPass account here). Step 2: Companies login to IRAS’ e-Services Authorisation System (EASY) portal , chose the role of a “Proposer” or “Approver”, and select “Jobs Bank Employer e-Services” that is offered by the “Singapore Workforce Development Agency”. Step 3: A company will proceed to authorise their staff to access the Jobs Bank within EASY (Learn how to authorise your staff here). Step 4: Authorised personnel from a company will login to the Jobs Bank’s Employer Portal via their SingPass accounts. Step 5: After login, authorised personnel of a company will provide the company’s details on the Jobs Bank and process use the Jobs Bank’s features.
  • 10. Useful Links The Jobs Bank: https://www.jobsbank.gov.sg/ WDA Guidelines: http://www.wda.gov.sg/content/wdawebsite/JobsBank.h tml Ministry of Manpower’s Factsheet: http://www.mom.gov.sg/Documents/press- releases/2013/factsheet-fair-consideration- framework.pdf
  • 11. Thank You Contact your 33Talent Account Manager for more information 33TALENT PTE 100 Cecil Street, 10-01The Globe Singapore 069532 P: +65 6329 1457 Reg# 201213995W EA License# 13C6298