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Your EP will be applied for by your employer and is valid only for work there.
If you want to change job, you need to apply for a new EP (which can be rejected for a number of reasons).
Also, MoM (and most employers) dislike job-hoppers, so it is better to stay in the first job for 1-2 years.

Edited to add: With a recognised university degree and 4 years applicable experience, you should earn around S$4500/month. Please note that this is not enough to feed a family - thus you're only allowed to bring spouse and kids if you earn above S$5000/month.

My Bombay friend ,

Singapore is one of the top 5 expensive places to stay in this world .

In many other forums beppi has given break up of the costs with regards to
Rent transport food gas cable internet phone utilitez like electricity  ,water ,etc
Also note accommodation , education is very expensive there .
Very difficult to get admissions in public schools .private schools its more expensive
Most people travel since the transport system  is good .

In simple laymans words ,                                      you need 5 k if you are single
10 k + if you have a family .

All the best

Regards

Apologies for not providing the details earlier. Though I think I have got the answer; here are the details:-
Age-26 years; Bachelor
Industry- Information technology
Position-Technical Consultant
Home country-India
Accommodation required -Yes
Current Salary - 1250000 INR per annum

I talk with a positive note. You may chose this job as u r single but looking at ur experience n present earnings in India, this package is at lower side in SG.

With EP, it's difficult to change a job in SG, risk factor is too high when ur new employer's EP application may reject by MOM (Ministry of Manpower) due to many reasons, then u ve to leave SG in30 days.

But chances of new offer in ur case is high cause ur salary level is below average which is a positive sign

All the best.

This is less for sure for IT professionals!!!