Progressive Wage Model: Over 53,000 retail workers to see steady pay increases over next three years
More than 53,000 retail workers will see steady wage increases over the next three years, under updated recommendations to the sector's Progressive Wage Model. Entry-level jobs, such as retail assistants and cashiers, will see monthly wages rise to at least S$2,305, up from S$2,175, before reaching over S$2,500 by 2027. That’s an increase of about S$130 a year. This comes as brick-and-mortar shops are seeing shrinking footfall, challenged by growing competition from online shopping and overseas alternatives. To ease the transition, the government will co-fund up to 40% of wage increases in the first year and 20% in the second. Caitlin Ng reports.
More than 53,000 retail workers will see steady wage increases over the next three years, under updated recommendations to the sector's Progressive Wage Model. Entry-level jobs, such as retail assistants and cashiers, will see monthly wages rise to at least S$2,305, up from S$2,175, before reaching over S$2,500 by 2027. That’s an increase of about S$130 a year. This comes as brick-and-mortar shops are seeing shrinking footfall, challenged by growing competition from online shopping and overseas alternatives. To ease the transition, the government will co-fund up to 40% of wage increases in the first year and 20% in the second. Caitlin Ng reports.
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