- The National Wages Council (NWC) will meet on 29 August 2024 to develop annual wage guidelines.
- Public feedback is welcome until 1 September 2024 via a dedicated link.
- The NWC aims to release its guidelines by November 2024.
Singapore’s National Wages Council is set to gather for its yearly wage review, with a focus on helping lower-wage workers.
NWC to Convene for Annual Wage Guidelines
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:
- The NWC considers Singapore’s economic competitiveness.
- They also look at job market conditions and inflation.
- The global economic outlook is another important factor.
Public Invited to Share Views
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 |
Focus on Lower-Wage Workers
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.
