Some firms concerned over higher Local Qualifying Salary
02:48 Min
Businesses will have to pay workers higher salaries when the updated Local Qualifying Salary scheme starts in July. They say the move will put a strain on their businesses as they find ways to pay a higher wage. But other companies say they are benefiting from other Budget announcements like the S$1 billion top-up to the Progressive Wage Credit Scheme.
19 Feb 2024 11:59pm
Businesses will have to pay workers higher salaries when the updated Local Qualifying Salary scheme starts in July. They say the move will put a strain on their businesses as they find ways to pay a higher wage. But other companies say they are benefiting from other Budget announcements like the S$1 billion top-up to the Progressive Wage Credit Scheme.
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