What is the Fair Consideration Framework (FCF)?
The Fair Consideration Framework is a set of guidelines in Singapore that requires employers to consider Singaporeans fairly for job opportunities before hiring foreign professionals.
Explanation:
The FCF is part of the government's efforts to ensure a fair and inclusive job market. Employers are required to advertise job vacancies on a national jobs portal before applying for Employment Passes.
Practical Example of the Fair Consideration Framework (FCF):
A tech company in Singapore advertises a new job opening on the national jobs portal for at least 14 days, giving Singaporeans a fair chance to apply, in line with the FCF requirements.