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Videographic: Wage Flexibility In Singapore, 2013
Released on:5/6/2014 12:00 AM

Videographic: Wage Flexibility In Singapore, 2013

A large majority of employees in the private sector were under some form of flexible wage system in December 2013, following a general uptrend since the flexible wage measures were recommended by tripartite partners in January 2004. Having a narrow maximum-minimum salary ratio was the most common flexible wage recommendation adopted, followed by linking variable bonus to KPI and MVC.

For more information, please refer to the full Report On Wage Practices, 2013 report.