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In another example of a bank, almost two-thirds of the PMETs are of the same nationality.
“The obvious question is, how did those two companies get to those stages without MOM taking action before this?” asked Mr Singh.
“MOM website states at one point and I quote: ‘MOM does not tolerate unfair hiring practices and employers who do not give locals a fair chance in hiring and promotion will face scrutiny and stiff penalties if found to have unfair hiring practices,” he added.
“However, for three-quarters and two-thirds of PMETs of two companies to be non-Singaporeans of the same nationality, Singaporeans may be justified in asking if MOM has tolerated their unfair hiring practices for some time.”
Two main justifications given for the hiring of foreigners are first, that they are unable to find Singaporeans with the expertise and second, that foreigners do jobs that are undesired by Singaporeans.
"As it is unlikely that well-paying banking jobs are undesired by Singaporeans, the justification of these banks in hiring foreigners must be that they are unable to find enough Singaporeans with the needed expertise,” said Mr Singh.
“If that is true, then we need to ask where the gaps are in our education and lifelong learning training systems. These gaps must be found and plugged as soon as possible.”