wages

Next year marks a rebound from the 1.5% decrease in real wages in 2023.

Companies in the service industry are the top companies planning an increase.

MOM said that the government supports having differentiated wage guidelines.

It will take effect on 1 September.

Around 1,300 lift and escalator technicians will be covered by the Lift & Escalator Progressive Wage Model.

Managers who switch companies may see an increase of 5% to 10% in salary.

Cleaners will receive sustained wage increases for a six-year period starting July 2023.