Singapore's National Wages Council is opening the door for public feedback before it sets next year's wage guidelines in August.
KEY POINTS
IN SIMPLE TERMS
The government body that decides how much workers should earn is meeting soon to set new wage rules. Before they decide, they want to hear what ordinary people, workers, and business owners think about wages. You can share your views online until early September.
WHY IT MATTERS
WHERE DO YOU STAND?
Should the National Wages Council prioritise wage increases for low-wage workers even if it might raise business costs?
👍 👎 Vote ↓Singapore’s National Wages Council is set to gather for its yearly wage review, with a focus on helping lower-wage workers.
In a press release by MOM, it was announced that the National Wages Council (NWC) will meet soon to discuss wages.
The NWC will gather on 29 August 2024 to work on its yearly wage guidelines.
These guidelines will cover the period from 1 December 2024 to 30 November 2025.
The National Wages Council is made up of bosses, workers, and government officials.
They look at many factors when making their decisions.
Here are some key highlights to note:
According to MOM, “Members of the public are also welcome to share their views on wage-related issues.”
The public can give their ideas until 1 September 2024.
To share your thoughts, you can use this link: https://go.gov.sg/nwc-feedback-2024.
This shows that the NWC wants to hear from everyone.
The NWC aims to finish its guidelines by November 2024.
Take a look at this quick table for a clear overview:
| Key Dates | Actions |
|---|---|
| 29 August 2024 | NWC meeting starts |
| 1 September 2024 | Deadline for public feedback |
| November 2024 | NWC aims to release guidelines |
| 1 December 2024 | New guidelines take effect |
The NWC keeps focusing on helping lower-wage workers earn more.
This is part of their Progressive Wage growth plan.
Their decisions can affect how much people earn and how businesses operate.
The National Wages Council’s work is important for setting fair wages in Singapore, and they want to hear from you before making their choices.
Should the National Wages Council prioritise wage increases for low-wage workers even if it might raise business costs?
Be the first to weigh in.
