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posted 1 year ago
The UK Immigration Salary List (ISL), effective from 4 April 2024, replaces the previous Shortage Occupation List (SOL) as part of reforms to the Skilled Worker route under the UK’s Immigration Rules. This transition signifies a strategic shift in managing skilled worker immigration, focusing on roles that align with the UK’s economic priorities rather than solely addressing immediate labour shortages.
The ISL identifies specific occupations eligible for a 20% reduction in the general salary threshold required for visa sponsorship. This discount, however, cannot lower the salary below the occupation-specific minimums, ensuring that wage standards are maintained. This approach contrasts with the former SOL, where employers could hire at 80% of the market rate for shortage occupations. The ISL aims to prevent wage undercutting and protect both domestic and migrant workers.
As of its implementation, the ISL encompasses 23 occupations across various sectors, including agriculture, construction, healthcare, and the creative industries. This selection reflects the government’s focus on roles that are pivotal to the UK’s growth and innovation. The list is subject to ongoing evaluation, with the Migration Advisory Committee (MAC) conducting periodic reviews to adapt to changing economic needs.
For employers, the ISL provides a framework to recruit international talent for roles that are strategically important to the UK economy. The 20% salary threshold reduction facilitates access to skilled workers while maintaining fair wage practices. For migrant workers, the ISL offers opportunities to engage in occupations that are recognized as contributing significantly to the UK’s economic objectives.
The ISL is designed to be flexible, allowing adjustments based on evolving labour market conditions, economic shifts, and emerging skills gaps. The MAC’s scheduled reassessment later in 2024 will involve consulting stakeholders and analysing labour market conditions to ensure the ISL effectively meets workforce requirements and broader policy objectives.
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Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Thinking of buying property in Brazil? Start with a full legal safety net.
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✔️ Confirm zoning and permits.
#BrazilProperty #RealEstateInvesting #LegalDueDiligence #ForeignInvestment #PropertyLaw #GlobalRealEstate #InvestmentRisk #BrazilLaw
When your international business faces financial distress, quick action is key! 🔑 Negotiating with creditors, restructuring debt, and understanding insolvency laws can help regain stability. Global Law Experts is here to guide you through your options.
🌍Explore the details on our website.
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