Board Director & Head of Asia Pacific
AT Fircroft, we look at a number of factors to ensure our employees receive highly competitive salaries. We consider market wage rates but also take into account international pay scales, the cost of living, bonuses, performance-based pay, benefits, training and development. And as a firm in the recruitment industry, we see the NWC guidelines largely as markers that allow us to measure where our packages stand. The tripartite mechanism remains extremely useful as it ensures all the key stakeholders meet and establish realistic and mutually beneficial wage guidelines.
To remain relevant, the NWC must continue widening its focus by...