National Wages Council urges all employers to adopt flexible wage system
A slightly smaller share of companies adopted flexible pay last year. According to the Manpower Ministry, about 76 per cent of firms had some form of variable pay in 2024,
down slightly from 77.3 per cent the year before. The National Wages Council is urging all employers to adopt wage flexibility in 2026, citing downside risks like re-escalating tariffs and geopolitical tensions. Low Peck Kem, President of the Singapore Human Resources Institute, talks about what stands out most to her in this year's guidelines.
A slightly smaller share of companies adopted flexible pay last year. According to the Manpower Ministry, about 76 per cent of firms had some form of variable pay in 2024,
down slightly from 77.3 per cent the year before. The National Wages Council is urging all employers to adopt wage flexibility in 2026, citing downside risks like re-escalating tariffs and geopolitical tensions. Low Peck Kem, President of the Singapore Human Resources Institute, talks about what stands out most to her in this year's guidelines.
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