Career & Education
Progressive Wage Model Singapore 2022 Update: Retail Workers to Get a Pay Raise From 1 Sep 2022
By Seedly  •  August 16, 2022
Undoubtedly, working in retail is tough. Retail workers in Singapore and around the world face issues like having to work long hours on their feet, dealing with unreasonable customers, low income, sparse benefits and limited career progression. Source: Giphy But, things are about to improve slightly for retail workers. Yesterday (15 Aug 2022), the Ministry of Manpower (MOM) announced that they have accepted the Tripartite Cluster for Retail (TCR)’s recommendations on their new Progressive Wage Model (PWM) for the retail sector. MOM stated that ‘the TCR has recommended a three-year schedule of sustained PWM wage increases from 2022 to 2024, which will take effect from 1 September 2022. This includes additional PWM wage requirements for overtime hours worked in a month. The ministry added that the ‘TCR’s recommendations will benefit about 46,000 resident full-time and part-time retail assistants, cashiers and supervisors, with those at the entry-level seeing their monthly wages move up by 18 per cent over the three-year period.’...
Read the full article
By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance