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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.
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El Consejo Nacional de Salarios de Singapur recomienda un aumento salarial del 5,5-7,5% para los trabajadores con salarios más bajos, a partir de diciembre de 2024, con aumentos mínimos adicionales para los trabajadores con buenos resultados.