Civil service pay rise can have 'ripple effect' on job market, say HR experts

is in line with market conditions, and could have a knock-on effect for private sector salaries, said human resources experts.

It highlighted in its press release that the civil service reviews its salaries to “broadly keep pace with, but not lead, the market”.Officers in the Management Executive Scheme , Management Support Scheme and Corporate Support Scheme will receive salary adjustments of between 5 per cent to 10 per cent, with higher adjustments for grades that have larger gaps with market benchmark.

For every unemployed person, there were 2.11 job vacancies as of December last year, according to statistics from the Ministry of Manpower. A year before, in 2020, the same figure was just 0.76. With the economy recovering and companies resuming expansion plans, there is now a “domino effect” where compensation for workers, suppressed in the past two years, is now bouncing back.She said that she has been seeing a median of 15 to 25 per cent wage increases, with 35 to 50 per cent jumps for jobs in demand, such as in IT and life sciences.

“The hike will likely hit SME companies the hardest as they have limited financial resources and usually take the lead from the government sector,” said Ms Teo.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

23,000 civil servants to get 5-14% pay raise from Aug 1, as part of review to 'keep pace with market': PSDSINGAPORE — About 23,000 officers in the civil service’s generic schemes and their related schemes will get a pay raise from Aug 1 onwards, the Public Service Division (PSD) announced on Sunday (June 5).
แหล่ง: TODAYonline - 🏆 1. / 99 อ่านเพิ่มเติม »

Salaries of some civil servants to be adjusted to 'keep pace with the market': Public Service DivisionSINGAPORE: The Public Service Division (PSD) on Sunday (Jun 5) announced it will adjust the salaries of officers in the Civil Service generic schemes and their related schemes with effect from Aug 1 this year. \u0022These adjustments will enable the Civil Service to continue to attract and retain its fair Nurses n doctors, medics, and ppl who worked OT during covid rite? Mgmt execs and support do what sey? Those who work from home are not entitled, right? Nice. So when is the private sector gonna get adjusted ?
แหล่ง: ChannelNewsAsia - 🏆 6. / 66 อ่านเพิ่มเติม »