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Industry Insights

New National Wages Council (NWC) Guidelines for 2020/2021

Posted on 19/10/2020 by Paula Formantes

https://snef.org.sg/wp-content/uploads/2020/04/NWC_briefing2020_2021.pdf

With the new National Wages Council (NWC) Guidelines for 2020/2021, these are the recommended 4 Steps to follow (in order of priority) to Sustain Businesses and Save Jobs. 

1. Reduce Non-Wages Cost, Manage Excess Manpower
2. Press on with Business and Workforce Transformation 
3. Wage Recommendations
4. Retrench Responsibly ​

Click on the Infographic Below to read more!

We can overcome these trying times and Emerge Stronger together! 

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Reference: https://snef.org.sg/wp-content/uploads/2020/04/NWC_briefing2020_2021.pdf