Image credits: https://www.fairprice.com.sg

NTUC FairPrice Group in Singapore has implemented a wage structure to help increase the salaries of workers through upgrading skills and improving productivity. The structure follows the Progressive Wage Model (PWM), which was developed by a committee of unions, employers, and the Singaporean government.

The initiative will cost the group S$70m (£43m) over a three-year period. The Group says the measure will increase the wages of non-executive staff, who make up 75% of its total workforce, to a level that is in line with their roles in their respective industries. The implementation began on 1st September and will benefit 10,000 non-executive staff including full-time and part-time employees, regardless of nationality. Read More.