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How businesses can rethink their people strategy amid rising wage costs
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The key question organisations need to address is how to achieve higher returns per dollar spent, through people strategy.
LIANHE ZAOBAO FILE PHOTO
Rahul Chawla and Simon Ferry for The Straits Times
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SINGAPORE – By 2030, one in four Singaporeans will be at the retirement age of 65 or above, up from one in six today.
To keep pace with rising salaries and support retirement adequacy for Singaporeans, the Singapore Government announced in its Budget 2023 statement that the Central Provident Fund (CPF) monthly salary ceiling will increase from $6,000 to $8,000 by 2026.
