Serious National Wage Council of Elders Want Towkay John To Give Ang Pao To His Serfs! Should I?

[JohnTan]

The National Wage Council (NWC) has advised employers in Singapore to give employees a one-off lump sum payment to help cope with rising costs.

This is part of its annual guidelines which were accepted by the government.


The guidelines apply to a period from Dec. 1, 2023 to Nov. 30, 2024, The Straits Times reported.

The council added that lower-wage workers earning up to S$2,500 in gross monthly wage should receive a pay increment of at least 5.5 per cent to 7.5 per cent in the coming year.

Employers that have done well and face positive business prospects should give lower-wage workers an increase of at least S$85 to S$105, whichever is higher, while employers that have done well but face uncertain prospects, should give a pay raise in the lower to middle bound of the range.

Employers that have not performed well can consider giving a pay raise at the lower bound of the range.

The last time NWC made similar recommendations were in 2008 and 2011 when inflation was high, CNA reported.

https://mothership.sg/2023/10/national-wage-council-one-off-payment-recommendations/

 

[Boonsiong]

National wage council spends millions in its Jia Liao bee board of directors

 

[congo9]

Yes. Spend so much money on the jiak liao jee directors.

Only for the directors to ask employers to give one month salary.

 

[JohnTan]

Yes. Spend so much money on the jiak liao jee directors.

Only for the directors to ask employers to give one month salary.

Directors provide much needed direction for the company to thrive and survive the downturn. Of course directors deserve to be paid more.