Employers urged to share gains with workers as Singapore's economy outperforms: National Wage Council

The National Wages Council (NWC) has urged employers in Singapore to share economic gains with their workers as the nation's economy continues to outperform. According to the guidelines set for December 2026 to November 2027, firms performing well should provide wage increases of 6 to 8 percent for lower-wage workers, with the minimum increase set at S$135 to S$170 of their gross monthly wage, whichever is higher.

Employers who have not performed well but remain profitable should offer an increase at the lower end of the range, at least S$120. This flexible wage system allows employers to cut costs during adverse conditions and quickly adjust wages during an upturn to retain talent. The council emphasized that employers should regularly review market wage benchmarks and adjust wage ranges accordingly, considering both employee rewards and competitiveness.

The NWC also recommended that employers provide structured training to employees to help them adapt to changing job functions and support their continuous education. Despite the introduction of the new category for unprofitable firms, only 25 percent of employers had adopted the guidelines by the following year. The Ministry of Manpower acknowledged the recommendations and highlighted the need for inclusive employment practices, while the National Trades Union Congress called for protected training time for workers.