𝗠𝗘𝗗𝗜𝗔 𝗦𝗧𝗔𝗧𝗘𝗠𝗘𝗡𝗧 – 𝗦𝗥𝗔 𝗦𝗨𝗣𝗣𝗢𝗥𝗧𝗦 𝗧𝗛𝗘 𝗜𝗠𝗣𝗟𝗘𝗠𝗘𝗡𝗧𝗔𝗧𝗜𝗢𝗡 𝗢𝗙 𝗧𝗛𝗘 𝗣𝗥𝗢𝗚𝗥𝗘𝗦𝗦𝗜𝗩𝗘 𝗪𝗔𝗚𝗘 𝗠𝗢𝗗𝗘𝗟 (𝗣𝗪𝗠) 𝗙𝗢𝗥 𝗥𝗘𝗧𝗔𝗜𝗟August 29, 2021
𝗦𝗥𝗔 𝗦𝗨𝗣𝗣𝗢𝗥𝗧𝗦 𝗧𝗛𝗘 𝗜𝗠𝗣𝗟𝗘𝗠𝗘𝗡𝗧𝗔𝗧𝗜𝗢𝗡 𝗢𝗙 𝗧𝗛𝗘 𝗣𝗥𝗢𝗚𝗥𝗘𝗦𝗦𝗜𝗩𝗘 𝗪𝗔𝗚𝗘 𝗠𝗢𝗗𝗘𝗟 (𝗣𝗪𝗠) 𝗙𝗢𝗥 𝗥𝗘𝗧𝗔𝗜𝗟
SRA supports the implementation of the Progressive Wage Model (PWM) for Retail to raise the wages of our retail team members by upgrading their skills, increasing their productivity and creating a clearer career pathway. This will ultimately enhance their lives and livelihoods. We hope that by improving the wages and career prospects of these important retail roles through the PWM, we can attract more locals into the retail sector that has long faced much difficulties in hiring and reduce turnover. We believe that the PWM (Retail) will also help bring about greater social cohesiveness and inclusiveness within the retail community.
Whilst it is good news that Singapore is now better poised to continue in its reopening journey, we expect the retail business recovery to be slow in the next 2-3 years. This is in part due to the absence of tourist spending, intense competition from global marketplaces and rising operational costs. Notwithstanding these challenges, SRA and its members acknowledge that the PWM for Retail is a step in the right direction.
It is imperative that a sustainable PWM is implemented where businesses will have sufficient time to adjust, remain competitive and will thrive. To this end, SRA is represented in the Tripartite Workgroups for Retail and is committed to work closely with the Ministry of Manpower, Unions and Retail Employers to jointly land at an acceptable and sustainable PWM for the diverse retail sector.
SRA will also continue to seek wider consultation with its members and the retail community to provide feedback to implementation details of the PWM and ensure its successful implementation. This will ensure we can bring about a more vibrant and sustainable retail sector for Singapore’s prosperity!
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