You can view your firm’s sector classification on the “Local PMETs” chart in the Workforce Insights tool on myMOM Portal.
Under COMPASS, we group firms into relevant sectors based on their primary business activity, as declared to ACRA and other UEN issuance agencies. This applies to firms whose operations cut across different sectors.
Information for entities that are not registered with ACRA but with other UEN issuance agencies (such as the Registry of Societies or Charities unit) will be available in Q2 2023.
Ensure your business activity is updated
You should review and update what your firm declares to ACRA as its primary business activity, to ensure it is current and accurate.
If your SSIC information is found to be missing or inaccurate, this could result in work pass delays or rejections when COMPASS is implemented from September 2023 onwards.
The list of sectors under COMPASS is given below:
- Manufacturing
- Construction
- Wholesale trade
- Retail trade
- Air & sea transport
- Land transport & logistics
- Accommodation
- Food & beverage services
- Info-communication technology
- Media
- Banking and other financial services#
- Insurance services#
- Fund management services#
- Real estate services
- Professional services
- Admin & support services
- Public admin & defence
- Education
- Health & social services
- Arts, entertainment & recreation
- Other community, social & personal services
- Utilities and other goods producing industries
# Firms in these sectors belong to the financial services sector which is subjected to a higher EP Qualifying Salary in Stage 1.