Most Firms Surveyed Will Not Pass on Wage Subsidy
The Straits Times reported on Wednesday that 75% of the “around 50″ companies surveyed by the Singapore Business Federation will not be giving wage increments to their staff despite the Wage Credit Scheme (WCS). This report raised several questions when I read it. First was the questionable headline of the report that...
NTUC – Social Enterprise or Profit-driven Business?
MP and head of NTUC FairPrice Seah Kian Peng feels “insulted” by Workers’ Party MP Png Eng Huat’s comments questioning why NTUC FoodFare is entering the hawker centre business in Bukit Panjang. As reported by Channel NewsAsia today, Seah asserted “…for the avoidance of doubt, NTUC FoodFare does not enjoy any subsidised...
Government Pays Employers to Pay Employees More
Among the measures announced in Singapore Budget 2013, the Government has said it will co-fund 40 per cent of wage increases given to Singaporean employees earning a gross monthly wage of up to $4,000 (starting from 2013). This is to provide support to businesses to raise workers’ wages through a new Wage Credit Scheme...
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