Singapore's National Wages Council recommends 5.5-7.5% wage increase for lower-wage workers, effective December 2024, with additional minimum raises for strong performers.

The National Wages Council (NWC) of Singapore has recommended a 5.5% to 7.5% wage increase for lower-wage workers earning up to S$2,500, effective December 2024. Employers with strong performance should also provide a minimum raise of S$100 to S$120. The NWC encourages the use of a Flexible Wage System for adaptability during downturns and suggests that struggling employers focus on productivity improvements and upskilling. The guidelines aim for fair, sustainable wage growth linked to productivity.

October 10, 2024
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