Friday, July 23, 2010

Wage increment


WORKERS can look forward to higher wage increments this year, but labour chief Lim Swee Say cautioned yesterday against reverting to a rigid wage system when this happens.
He did not speculate on the quantum but said workers could expect to be rewarded 'fairly', given the strong rebound and tight labour market.
'But in the process, we have to make sure that we do not make our wage system rigid,' he said on the sidelines of a conference on service excellence.
'We must continue to spread our total wage increase into three baskets: the fixed increase, monthly variable as well as the annual variable. In this way, we reward workers based on their contribution and performance, yet at the same time, get ready for the next rainy day that may happen some time in the future.'
With the economy's rebound, analysts and unionists contacted previously said workers could expect increases of between 3 per cent and 5 per cent this year.
Mr Lim noted that with the rebound and strong demand, employees in some sectors were also having to work harder.
-Strait Times 23/7/2010

I like Mr Lim Swee Say, he has a lot of humour. But a lot of time, people use this humor back on him.

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