SINGAPORE: Companies must always stick to the tenet of productivity leading wage increases – a point which the National Wages Council (NWC) has always emphasised when issuing their annual wage guidelines.

Singapore’s labour market this year is set to end on a positive note and employers are optimistic about the new year.

Stephen Lee, president of the Singapore National Employers Federation, said: “We feel job creation will continue to be strong because of the few mega projects and they are all service projects and these service projects need a large number of service people. Our challenge is really to churn out enough quality service people to fill these jobs.”

Nonetheless, the labour movement has urged Singaporeans to be prepared for any eventuality.

Heng Chee How, deputy secretary-general of NTUC, said: “We must always look at the boom as a window of opportunity during which we prepare ourselves for the next downturn in the economy, not that we wish for one, but for sure it will come. The question is what must be done.”
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