Friday, November 16, 2018

A confusing approach towards increasing wages

I am confused with the approach of the govt. On one hand, they do not want to be involved in the market to set a minimum wage.

On the other hand, they micro-manage the terms of employment of certain occupations, such as cleaners, to the extend of setting down the quantum of bonus.

This approach will not help to deal with the underlying problem. It will take many years to implement, and the result will be discouraging.

We have already wasted a lot of time, in fact more than ten years.

Quote from Today paper:
Cleaners to get bonus on top of wage increases from 2020

Come 2020, it will be mandatory for cleaning companies to provide annual bonuses of at least two weeks’ pay to their employees, as well as an annual wage increase of three per cent.To qualify, employees must be either Singaporeans or PRs, and have worked in the company for at least a year.
Unquote

Click here for article.

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