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Top News In உள்ளூர் தகுதி சம்பளம் Today - Breaking & Trending Today

No plans to raise Local Qualifying Salary of $1,400 for now

No plans to raise Local Qualifying Salary of $1,400 for now
asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.

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MAS' Ravi Menon: Minimum wage can be considered to uplift those with lowest income


The Independent Singapore News
MAS’ Ravi Menon: Minimum wage can be considered to uplift those with lowest income
For a “truly inclusive society” to be built, Mr Menon said, this requires “a value system that places the welfare of our fellow human beings alongside our own.
FB screengrab: Institute of Policy Studies - IPS
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Singapore — The managing director of the Monetary Authority of Singapore floated the possibility of having a minimum wage to help those with the smallest incomes although he warned it would not do much to address income inequality.
Mr Menon emphasised that the rationale behind imposing a minimum wage is “to help lift the wages of those at the bottom of the income distribution.” ....

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MAS chief Ravi Menon: Singapore should consider minimum wage


July 23, 2021
MAS chief Ravi Menon cautioned against exaggerating the benefits of a minimum wage, saying it will not make a discernible dent in income inequality.
The Straits Times file
SINGAPORE - The Republic may want to seriously study a modest minimum wage as a complement to the existing progressive wage model (PWM), said Singapore s central bank chief on Thursday (July 22).
However, Mr Ravi Menon, managing director of the Monetary Authority of Singapore, cautioned against exaggerating the benefits of a minimum wage, saying it will not make a discernible dent in income inequality.
If we have a minimum wage, we must be clear of its rationale: it is to help lift the wages of those at the bottom of the income distribution. ....

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S'pore should seriously study minimum wage as complement to PWM, says MAS chief

S'pore should seriously study minimum wage as complement to PWM, says MAS chief
theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.

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MOM Committee of Supply 2021: Highlights for HR leaders to know


 
As part of priorities for this year, Minister Teo shared that the raise in retirement age and re-employment age will proceed as planned in July 2022; while from 1 May 2021, DP holders will require a valid work pass to work in Singapore. Full updates here.
Deeper aid for the hiring of locals to support rebound, help for every segment of the workforce to emerge stronger from the pandemic, and further support for business transformations - these are the three overarching priorities of Singapore s Ministry of Manpower (MOM) in 2021,
Manpower Minister Josephine Teo has announced. 
In her speech at MOM s Committee of Supply (COS) 2021 yesterday (3 March), Minister Teo noted that these three priorities will cover not just the short-term concerns, but also the medium- and longer-term concerns in the country. She said: Digitalisation, remote work, widening income gaps and an ageing workforce will continue to challenge us. We must aim to overcome the crisis and help ev ....

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