Seems like progressive wage model was already introduced into the Oil, Petrochemical, Energy and Chemical industry since 2012!
So in a way, PMEs there have some form of minimum wage, but their wages also get to progress upwards with experience.
Do you think we need more of this in other sectors for PMEs?
http://www.channelnewsasia.com/news/singapore/progressive-wage-model/1290476.html
SINGAPORE: The Progressive Wage Model has benefited 600 workers in the Oil, Petrochemical, Energy and Chemical industry since the wage ladder was launched in November 2012, said the Labour Movement on Thursday (July 31).
The industry employs 44,000 workers and pays a higher median wage than the national median wage. Despite good paying jobs and prospects, the industry faces challenges with manpower and has many job opportunities unfilled, said the National Trades Union Congress (NTUC).
NTUC Oil, Petrochemical, Energy and Chemical Cluster Chairman K Karthikeyan said 30 per cent of unionised Oil, Petrochemical, Energy and Chemical firms have taken up the Progressive Wage Model for “all levels of workers” over the past 18 months.
“We have noted that these companies tend to have less talent leakage because their employees are given the opportunity to upskill, challenged by their responsibilities, happier with their easier, smarter and safe jobs and rewarded with better wages,” he said.
The cluster, which aims to get 70 per cent of unionised firms to take up the wage ladder by the end of next year, is holding a half-day seminar today to engage companies on how to adopt the wage model.
So in a way, PMEs there have some form of minimum wage, but their wages also get to progress upwards with experience.
Do you think we need more of this in other sectors for PMEs?
http://www.channelnewsasia.com/news/singapore/progressive-wage-model/1290476.html
SINGAPORE: The Progressive Wage Model has benefited 600 workers in the Oil, Petrochemical, Energy and Chemical industry since the wage ladder was launched in November 2012, said the Labour Movement on Thursday (July 31).
The industry employs 44,000 workers and pays a higher median wage than the national median wage. Despite good paying jobs and prospects, the industry faces challenges with manpower and has many job opportunities unfilled, said the National Trades Union Congress (NTUC).
NTUC Oil, Petrochemical, Energy and Chemical Cluster Chairman K Karthikeyan said 30 per cent of unionised Oil, Petrochemical, Energy and Chemical firms have taken up the Progressive Wage Model for “all levels of workers” over the past 18 months.
“We have noted that these companies tend to have less talent leakage because their employees are given the opportunity to upskill, challenged by their responsibilities, happier with their easier, smarter and safe jobs and rewarded with better wages,” he said.
The cluster, which aims to get 70 per cent of unionised firms to take up the wage ladder by the end of next year, is holding a half-day seminar today to engage companies on how to adopt the wage model.
