Shangri-la Hotel
Members
Breakfast Briefing
SGC Breakfast Briefing: Complementarity Assessment Framework (COMPASS), by Dr Maximillian Kressner, Luther LLP
Location
Shangri-la Hotel
Casuarina Ballroom, 22 Orange Grove Rd
258350
Singapore
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Event Start
16/08/2023 · 08:30
Event End
16/08/2023 · 10:00

Exclusively for SGC Members Only

The Singaporean-German Chamber of Industry and Commerce was pleased to host a Breakfast Briefing on the COMPASS Framework, which was introduced by Singapore's Ministry of Manpower in 2022 for Employment Pass (EP) applications. 
 
Our guest speaker, Dr Maximilian Kressner, Senior Associate/Attorney-at-Law from Luther Singapore, provided SGC members with an overview of the latest changes and exemptions that would take effect on new EP applications from 1 September 2023, and EP renewals from September 2024. Members engaged with Dr Kressner in a Q&A session that was moderated by Eckart E. Jensen, Co-chairperson of the SGC HR and Inclusion Committee.
 
Dr Kressner’s presentation helped explain the purpose and structure of the COMPASS framework and some of its tools designed to aid with a company’s workforce planning. One of the key takeaways from the briefing was the points-based system that EP applications will be scored based on:
◾ four foundational criteria (income level, academic achievements, diversity of nationalities within the organisation and the company's commitment to support local employment) and 
◾ two additional benchmarks (Skills Bonus – Shortage Occupation List, and Strategic Economic Priorities Bonus) 
 
Another takeaway from this briefing was that employers will need to provide third-party verification for candidates holding a Diploma or higher certification from 1 Sept 2023 onwards. This verification contributes to the COMPASS score of the EP applicant and would determine if he or she is awarded the work pass.
 
We would like to thank Dr Kressner and Mr Jensen for taking their time to join us and share some important insights. Thank you to our members who attended this event and engaged with the speakers.