More than 53,000 retail workers to see wage increase of at least $130 from Sept 1
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Over 53,000 retail workers can expect an increase in wages effective Sept 1, the Tripartite Cluster for Retail (TCR) announced on Monday (Aug 11). The new set of progressive wage model (PWM) recommendations for the retail sector includes an increase of aMore than 53,000 retail workers to see wage increase of at least $130 from Sept 1
Over 53,000 retail workers can expect an increase in wages effective Sept 1, the Tripartite Cluster for Retail (TCR) announced on Monday (Aug 11). The new set of progressive wage model (PWM) recommendations for the retail sector includes an increase of at least $130.The PWM was first introduced in 2022.From Sept 1, retail workers will earn at least the entry-level PWM wage of $2,305, up from the existing wage of $2,175.From 2025 to 2027, the baseline monthly gross wages will increase from $2,305 to $2,565.Retail workers can expect a year-on-year increase of up to $160 in the next three years.Under the PWM, employers must pay at least the PWM wage to eligible workers for their job level and meet the PWM training requirements for eligible workers, according to the Ministry of Manpower.The PWM recommendations involve a «two plus one year» schedule of wage increases approach, which translates to fixed annual wage increments between Sept 1, 2025 and Aug 31, 2028. Read more
