Labour market flexibility needed if Singapore Inc is to thrive

Bosses must stay nimble in the face of changes to Employment Act and disruption

Proposed changes to the Employment Act include extending coverage to almost all workers so they enjoy core employee benefits, such as minimum days of annual leave and protection against wrongful dismissal.
Proposed changes to the Employment Act include extending coverage to almost all workers so they enjoy core employee benefits, such as minimum days of annual leave and protection against wrongful dismissal. ST PHOTO: JASMINE CHOONG
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The Employment (Amendment) Bill will be read in Parliament this week for the second time. The changes that it will introduce to Singapore's workplace will be one of the most significant since the Employment Act was enacted in 1968.

Significantly, the Bill will drop the salary cap in the Employment Act so that it will cover 430,000 more professionals, managers, executives and technicians (PMETs).

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A version of this article appeared in the print edition of The Straits Times on November 19, 2018, with the headline Labour market flexibility needed if Singapore Inc is to thrive. Subscribe