AKSHAY MENDON

One pass: A potential solution to Singapore's leadership talent challenges

Singapore unveiled a new long-term work visa in late 2022. Singapore's ONE Pass is targeted towards attracting specific senior-level talent - those with regular monthly salaries of at least S$30,000 ($US21,128). The extended 5-year duration of the ONE Pass will also be an excellent way for individuals and businesses to consider Singapore as a long-term option.

While tech continues to dominate the headlines in Singapore and globally, there are a few sectors in Singapore that have been experiencing massive growth.

Much of this growth transformation has come over the last three years and has resulted in huge demand for senior-level talent (C-level, vice presidents, general managers) across multiple job functions.

For companies in these sectors, the ONE Pass is a timely intervention to attract best-in-class senior talent to the local market.

Green is the colour of the season

The renewable energy sector has seen the most movement in the last two years with increasing dialogue around climate and energy transition globally. The downturn in the tech world has also meant growing interest from investors in this segment.

Several renewable energy platforms and independent power producers investing in wind and solar projects are ramping up their presence in the region.

Such platforms use Singapore as the control centre where the senior management is based, managing project launches across several ASEAN countries and Australia & New Zealand.