The Business Times
SGSME logo
亲爱的SME聚汇读者:
请点击前往 zaobao.com.sg/finance/sme 获取更多华文的SME最新消息。
此外,也请继续关注我们的中英双语面簿页面 facebook.com/sgsme.sg
好的
SUBSCRIBERS

Protecting PMEs against whimsical dismissals

Amendments to the Employment Act make PMEs with a monthly salary of up to S$4,500 as good as statutory employees.

Published Mon, Dec 1, 2014 · 09:50 PM

WHEN Singapore's main employment legislation, the Employment Act, was passed in 1968, it sought to standardise the working conditions of clerks, industrial clerks, shop assistants and workmen to instill discipline, attract foreign investment and create jobs.

The workforce demographics in Singapore's early days of independence consisted largely of such blue-collar workers. The doyens of the workforce then - managers, executives and confidential employees - represented a small, elite class considered able enough to negotiate bespoke conditions of service for themselves, and thus did not require such legal protection.

Fast forward 40 years and Singapore's employment landscape has changed quite dramatically, from one of industrial production to one with a growing services sector. Today, workers are much better educated and qualified, and managers and executives are now a significant part of the workforce. This largely overlooked class, numbering about 630,000 (roughly a third of the total resident workforce), has gradually grown its profile; at first known by the catchy acronym PMET (profess…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

SMEs

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here