Asiabiz Provides Personalised Employment Pass
In order to facilitate the contribution of global talents to Singapore, the country introduced a new scheme called the Personalised Employment Pass (PEP).
Through PEP, foreign professionals are allowed to work in Singapore for up to 5 years and the holder is not tied to one single employer. PEP is granted based on individual merits and this visa can be applied individually without first securing a job in Singapore. There is a grace period of six months from the collection of the visa to secure employment.
Currently, the Employment Pass or EP can only be granted on the basis of confirmed employment with a specific employer. Unless the EP holder finds employment with a new company, the work pass is immediately cancelled and the EP holder has to leave Singapore the moment the employment ends or the EP holder leaves. A new EP application is needed when the holder needs to move to a new job with a different company or employer. PEP is granted on the strength of an applicants individual merits and does not tie the holder to any employer, thus, a PEP holder is allowed to remain in Singapore for up to six months in between jobs to evaluate new employment opportunities.
The following requirements are needed in order to be eligible to apply for the PEP:
* Must have a minimum monthly fixed salary of S$7,000 and the last drawn salary is not more than than 6 months at the time of application
* A former P1 category Employment Pass holder who resides overseas and is not unemployed for more than a continuous period of six months at the time of application.
* A current P1 category Employment Pass holder.
* A current P2 category Employment Pass holder with at least two years of working experience in a P category of Employment Pass and earns an annual income of at least S$30,000.
* A foreign graduate from institutions of higher learning in Singapore that has at least two years of working experience on a P or Q1 category Employment Pass (please take note that your annual income should be a minimum of S$30,000).
PEP pass holders cannot start their own company in Singapore. However, they are allowed to hold a minority Shareholding in the company including acting as one of the Directors.
Having a PEP affords job flexibility. They can be employed with any sector. In case they change jobs, PEP holders do not need to re-apply for a new pass.
PEP holders are also given the flexibility of a continuous period of up to six months without a job to evaluate employment or work opportunities. However, at this time, such PEP holders cannot leave the country.
Foreign professionals who are eligible for PEP are the following:
* Overseas foreign professional with at least S$7,000 monthly salary overseas. The last monthly salary overseas should be drawn not more than six months from the time of the application
* Former P1 Pass holders who are presently overseas residents
* Former P1 Pass holders should not be unemployed for a continuous period not longer than six months at the time of application.
* P1 Pass holders. Upon application, P1 Pass holders will be accorded In-principle Approval for the PEP
* P2 Pass holders. P2 Pass holders must have at least two years of working experience under a P Pass. A fixed salary of at least S$30,000 should be earned by them in the preceding year.
* Q1 Pass holders. Q1 Pass holders must have at least five years of working experience under a Q1 pass. They should earn a fixed salary of at least S$30,000 in the preceding year.
* Foreign graduates from tertiary academic institutions in Singapore. Foreign graduates from tertiary academic institutions in Singapore with at least two years of work experience on a P or Q1 Pass. They should earn a fixed salary of at least S$30,000 in the preceding year.
Employee Background Screening
Since 1993, Onicra has been pioneering the cause of rendering a creditable and secure financial profile and a commercially credible identity to the widely expanding consumer base. It offers valuable industry-oriented service, directed towards locating, assessing and polishing the best personnel and employee resources in India. Onicra offers credible statistical and analytical input, structures valuable research and development programs and act as industry-specific consultants to leading companies throughout India. Onicra also offers industry-specific rating solutions to premier companies, facilitating optimum management and industrial output. Today, Onicra has extended its services to pioneering concerns like Mahindra & Mahindra, Volkswagen, HDFC Bank and Genpact.
Onicra has incorporated industry-leading processes like the PRTS (Performance Rating and Tracking System) to ensure maximum efficiency for its clients. Corporate consultancy is an extremely resourceful and popular service among a pack of detailed commercial and corporate services provided by Onicra. One of the primary features of this service is the Employee Background Screening options, which enable employers to ascertain and evaluate the personal and corporate potential of a future employee. Pre employment checks have been carried by corporate agencies for many years, and have been yielding credible results in the west. It enables the employer concerns to verify an applicant”s potential, industrial aptitude and personal skills.
Onicra prepares an extensive and exhaustive database on the employment applicants, which demonstrate their job-worthiness and efficiency before they are employed. By ensuring that every significant employee meets the detailed and rigorous standards of Onicra”s pre employment screening, the client concerns select a workforce with optimal possible efficiency and tremendous potential for growth. For every employee, Onicra meticulously researches the respective records, associations and affiliations that might affect his/her efficiency, skills and productivity. This arrangement also facilitates effective decentralization of resources, as delegating the pre employment checks takes considerable workload of the human resources departments of companies and commercial institutions.
Onicra combines actual professional, personal and scholastic records and incorporates empirical results of extensive research to arrive at an accurate rating after pre employment screenings. In its detailed pre employment verification records, Onicra includes exhaustive data from the following checks. Onicra performs a comprehensive employment check, reviewing collated and screened data pertaining to earlier employment details like previous designations, entitled salaries and employment tenure. It also reviews the stated educational degrees with actual educational qualifications, verifying the applicant”s academic career in his/her respective universities/ educational institutions. A thorough validation is also obtained from the legal enforcement authorities testifying in favor of the applicant against possible criminal records. Onicra”s employment background screening service also includes comprehensive reference verification, analyzing the relationship of the applicant with the furnished references.
An almost glitch-proof system of employee background screening allows Onicra to amass inferential data about an employment applicant, which might be used to predict his/her efficiency levels fairly accurately. The screening procedure also includes extensive data from Criminal Database checks for possible matches, narcotics and substance abuse diagnostics, examinations of judicial and legal records and personal identity checks. These checks are absolutely essential to substantiate the employee”s identity as that of a responsible national citizen who possesses valid documentation like PAN cards, professional licenses (like Chartered Accountants), Driving licenses, passports and voter I.D cards. Checks are carried on for an employee”s personal and familial health records as discrepancies might adversely affect the employee”s individual performance.
Unlike in developed, industrial countries, background checks in India are a fairly new concept. Onicra appropriates the examination and screening procedure according to the Indian lifestyle, ensuring maximum local relevance. The validity of these checks is ensured by Infinity Screening procedures, which facilitate random, detailed checks during the employment tenure for consequential anomalies in earlier data. The extensive background screening process employed by Onicra has helped numerous companies make efficient, rewarding decisions regarding human resources development and management.
[Top]Stop Hunting After Royal Caribbean Employment Opportunities! Create Your Own Money Tree Online
Royal Caribbean employment opportunities are qualified from very well employment conditions and prospective placements equal to worldwide staff and crew. Exactly similar to its matches Carnival and Voyager, Royal Caribbean provides you the glorification of working at one of the most impressive cruise ships along with a phenomenal holiday traveling experience.
If you love meeting up and interacting with new people, a Royal Caribbean employment opportunity is tailor made for you. The additional advantage is that it offers you the ability to gain a beautiful non-taxable profit. Because of its large popularity with worldwide holidaymakers, the Royal Caribbean will all of the time be looking for new and energetic personnel to be recruited in a mixture of on-board and land-based tasks.
However, often these tempting career opportunities slip away from your hands if you adopt a wrong approach. If you believe the online placement agencies too much without collecting the right career information you can never get your dream Royal Caribbean employment in spite of investing your hard-earned money.
Still whenever you succeed to make it, you could observe yourself confronted with realistic troubles that you never guessed even existed. You may have to undertake rough sea conditions, maintain a formal dress code all the time and face non-cooperation from staffs and colleagues because of their lack of proper training.
Is there an alternative?
With the scope of online work expanding everyday, you do not have to depend on your luck for finding favorable employment conditions. You too can join a mass of 14,400 Americans who have willingly sidelined lucrative career opportunities for creating a source of residual income. This will not only give you a chance to make easy money, you can also exercise your creative and strategic skills through a home based business opportunity.
Advantages of a work at home business
Without an employer or overseeing boss to bog you down with work, you can fix your own working hours and manage your personal time as per your requirements. You will be able to live without being afraid from looking into economy and job market collapse and nobody could fire you. Online business systems simply require a computer set and an internet connection to start.
You can soon start earning without spending big bucks as office establishment charge, employee taxes and insurance bills. You can enjoy deductions like business use of a home, internet connections, telephone and long distance bills. All these serve to become great tax saving tools. You can work comfortably from your cozy corner without worrying about meeting deadlines.
Which are the best home based businesses for you
Transcription – Whenever you’ve an eye for detail and can bring down notations, written text could make up a beneficial online work alternative for you. You could prepare lists and prescriptions for international physicians and be exposed to a wide range of people globally.
Clerical/secretarial jobs – You can follow the online advertisements for clerical part time jobholders. Irrespective of where you stay, you can do data entry and earn generous income for your efforts.
A merchant affiliate – You can learn the business tools hands-on by assisting an established merchant in his tasks. This will generate you the power to manage several marketing tools, advertising places, education, and hand holding that could bring you the idea of how to conduct hits to your on internet site.
Whenever one of the first thing you associated with a Royal Caribbean engagement was the entertainment factor, you’ll be able to do it through your online business also. Hold exciting online events and encourage traffic to flow into your site.
[Top]Unfair Dismissal from employment
Many employees are facing different types of problems from the employers which is not related to them or not for their mistake. Sometimes they will get fired from job for reasons that do not apply for them. Have you been forced to leave the job for petty reasons? You may have a cause of action against the employer for unfair dismissal if it is not the case.
The exact definition of unfair dismissal is when an employer action is the termination of the employment contract is contrary to the Employment Rights Act 1996. For example, if you were fired without reasonable cause or dismissal if your employer has not followed the correct procedure or even if you were fired for cause automatically unfair, such as maternity leave.
There are some that are automatically unfair dismissals and if you feel any of these situations, it is most likely a case of legal action. If your employer has completed its work in trying to exercise a legal right such as maternity leave, minimum wage, time off for public service as a juror or parental leave, must verify their claim arose and then continue with the action the right way. If you feel you have been discriminated against on grounds of sex, race, sexual orientation or disability, do not be intimidated by the job. Unfair dismissal is taken very seriously by a court and must be taken seriously by the employer as well.
A claim for unfair dismissal must be removed within three months after the last day of employment in order to solve the problem quickly and more accurately. The case must be brought before an employment tribunal and the prosecution side can come with or without legal representation. If you feel that you have a case to sue for unfair dismissal, you may want to contact your local council to local citizens before acting. There are procedures to follow when a claim which must be observed.
First, you should try to solve the problem with your employer, can be a simple case of misunderstanding. You can contact the Advisory, Conciliation and Arbitration Service (ACAS), who are working to resolve disputes without going to trial. They can talk to an expert to help mediate the situation and possibly resolve it. Other than these there are few legal agencies that can help to solve such issues legally in short period.
If this problem persists, you can take legal action. Most employees must have worked at least one year for the employer before they can make a claim if it is a breach of your legal rights. To make your claim, you must complete an ET-1 form. You can contact a lawyer for the job before making the final decision to proceed as they will be able to ensure that any actions you take are correct. Online forms will be sent directly to the right person and then forwarded to the employer who has 28 days to give reply. If you have no time to do all these things then it is better to seek the help of professional lawyers.
[Top]How Interest rates affect the employment market- The UK Knack Group
The UK Knack Group would like to provide some insight into how interest rates affects employment levels. The association between the two is very easy to understand.
A larger-than-expected decrease in the monthly employment rate causes interest rates to increase.
More employed people are putting more money into circulation. An increase in available cash means there are more pounds chasing the same amount of goods as were available the previous month.
Employers like The UK Knack Group require time to ramp up operations to meet the increased demand. In order to employ additional staff, companies may have to borrow money over the short term in order to meet payroll expenses or acquire more raw materials. In the case of UK Knack Group, people are its product and this effect is more easily seen.
Lenders experience an increase in loan requests. In this case, borrowers like The UK Knack Group are increasing demand on available money which results in higher interest rates charged by the banks and other lenders.
At the same time, central government lending agencies will raise their lending rates after analysing the bond markets, a move calculated to forestall inflationary forces. Banks borrow from the central lending agencies at a higher rate of interest and pass on the additional expense to their own borrowers such as UK Knack Group.
However, lower unemployment may affect interest rates more indirectly. Companies ramping up operations are often short of employees for a time who demand higher salaries.
Higher wages may drive prices higher. Again, more money is chasing fewer goods. Inflation may result, depressing the stock market.
Companies with lower cash flows coming in may need to borrow. Once again, banks begin lending at a higher interest rate to meeting the higher demand for loans.
When unemployment rates are around the -natural rate- of around 5.5% as determined by economists, interest rates remain stable, according to UK Knack Group information. This is called -equilibrium.- When that rate decreases, interest rates go up. Similarly, when unemployment increases, interest rates go down. They are inversely related, in other words.
UK Knack Group gives an example of this process. When the unemployment rate is above 5.5%, those who are out of work cut back on expenditures, lowering demand for goods and services. For instance, a family with an unemployed salary earner is less likely to dine out at a restaurant, which in turn requires fewer staff and food for preparation.
Consequently, farming and food-distribution families cut their expenditures, further depressing demand. There are fewer requirements for goods all along the supply chain, The UK Knack Group explains.
UK Knack Group provides an example of a economic turnaround as well. An office experiences a sudden increase in demand for its services and recalls some staff.
These staff now have higher expenses related to going to work every day such as commuting costs, updating career attire, and buying meals outside the home. Transportation companies, shops,and restaurants experience a higher level of business and call back unemployed workers.
At each level, more staff put more money into circulation and everyone wants to buy something, often at a higher price than before. Credit cards, a form of borrowing, are used to pay for goods and services.
Restaurants and shops may borrow money to meet short-term current expenses. Their suppliers extend credit for a few weeks, but they must add a certain percentage as interest. Suddenly, everyone is chasing money, and increased demand, and the cost of borrowing money goes up as well.
The Knack Group UK hopes these illustrations make understanding the interplay between unemployment and interest rates easier to understand.
About Author The Uk Knack Group consists of some of the most experienced professionals in the UK and abroad who have helped thousands of businesses and people to be more successful through Executive Search and Selection, Headhunting, Transitional Outplacement, Executive Career Management and Professional Training & Coaching. www.theukknackgroup.co.uk
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