PROCUREMENT NEWS

Singapore : $70m more for scheme to help firms raise productivity

Published 02 May 2012

Another $70 million of government money is to be pumped into a scheme that helps to give workers a pay rise by funding productivity projects in companies.

Since the Inclusive Growth Programme was launched in 2010, about $30 million has been spent on more than 500 projects to help companies invest in equipment and redesign jobs.

As a result, about 33,000 low-wage workers have received increases to their basic pay averaging 10 per cent.

Convinced that the programme is working, the Government is injecting another $70 million over the next three years to help 70,000 more employees.

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