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Wage Flexibility in Singapore, 2012 Videographic

Latest Videographic on Wage Flexibility in Singapore, 2012

Large majority of private sector employees were under some form of flexible wage system in 2012, following the general uptrend in the implementation of flexible wage measures recommended by the tripartite partners in 2004. Narrowing maximum-minimum salary ratio was the most common flexible wage recommendation adopted, followed by linking variable bonus to KPI and having the MVC.