30 Jun '11, 3am

Real total wages rose by 2.7 per cent in 2010

The strong economy and the tightening labour market raised workers' wages in 2010. This was in contrast to the situation in 2009 when employees endured salary freezes and wage cuts to help companies reduce business costs and save jobs during the recession. There was also progress made for restructuring wages in 2010, with nearly nine in ten employees under some form of flexible wage system. The flexible wage system has enabled employers to adjust wages to save jobs during the recession as well as to reward and motivate employees during the upturn. These are some of the findings of the “Report on Wages in Singapore, 2010” published by the Ministry of Manpower's Research and Statistics Department. The 286-page report presents information on wages covering more than 350 occupations, changes in wages and bonuses paid in various industries, as well as information on the extent ...

Full article: http://www.mom.gov.sg/newsroom/Pages/PressReleasesDetail....

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