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The case for giving Singapore workers a stake in the companies they help build
Rising incomes have not closed the wealth divide. Employee ownership and profit-sharing may offer new opportunities for inclusive growth.
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When the company does well, workers benefit not only through bonuses but also through an accumulation of capital.
PHOTO: ST FILE
Wilson Goh and Wong Kang Li
When the local supermarket chain Sheng Siong posts record earnings, its success is felt far beyond the boardroom. A significant portion of its profits is shared with its staff, boosting the take-home pay of cashiers and store assistants.
Some of Singapore’s blue-chip companies, such as DBS, have also used employee share plans to give staff a stake in the firm alongside their salaries.
