Singapore retail staff set to get 8.4-8.5% annual pay increases over next three years

To help retailers cope with the increase in costs, the Government will co-fund 75 per cent of the salary increase for workers. - Bloomberg

SINGAPORE (The Straits Times/Asia News Network): Local retail workers are set to get salary increases of 8.4 per cent to 8.5 per cent annually over the next three years under a proposed wage ladder to boost low wages in the sector.

This is expected to take effect from Sept 1 this year to Aug 31, 2025.