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.

The wage increase is one of the recommendations announced by the Tripartite Cluster for Retail Industry  on Monday under the Progressive Wage Model.

Other key recommendations include minimum training requirements for all retail job roles under the model and a clear career progression pathway.

In The Straits Times The Big Story, Multimedia journalist Hairianto Dirman spoke with Scanteak CEO Jamie Lim to find out what these recommendations mean to retail employers, and the possible challenges in implementing them.

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.
The wage increase is one of the recommendations announced by the Tripartite Cluster for Retail Industry  on Monday under the Progressive Wage Model.
Other key recommendations include minimum training requirements for all retail job roles under the model and a clear career progression pathway.
In The Straits Times The Big Story, Multimedia journalist Hairianto Dirman spoke with Scanteak CEO Jamie Lim to find out what these recommendations mean to retail employers, and the possible challenges in implementing them.

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Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.