Tag Archives: PME

No level playing field for local PMEs

When I was the general manager of a local IT company and, subsequently, a financial controller for a Dutch multinational corporation, I preferred hiring foreign mid-level staff for the following reasons: The company did not need to pay CPF contributions for them Their salary expectations were lower than Singaporeans’; Their skill sets and experiences were on a par with those of Singaporeans The total cost differential between local and foreign professionals, managers and executives (PMEs) was 20 to 40 per cent.

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