F&B salaries up 20% in 2 years and set to rise further
Singapore
FOOD and beverage (F&B) operators are steeling themselves to raise pay further when minimum qualifying salaries for S Pass and Employment Pass holders kick in this September, even after border curbs and tighter quotas have driven wages up by some 20 per cent over the last 2 years.
Martin Bem, founder and managing director of upscale microbrewery LeVeL33, expects the work pass changes to drive at least a 10 per cent increase in total employment expenses this year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses