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Singapore's National Wages Council: An Insider's View

Download or Read eBook Singapore's National Wages Council: An Insider's View PDF written by Chong Yah Lim and published by World Scientific. This book was released on 2013-12-30 with total page 436 pages. Available in PDF, EPUB and Kindle.
Singapore's National Wages Council: An Insider's View
Author :
Publisher : World Scientific
Total Pages : 436
Release :
ISBN-10 : 9789814525763
ISBN-13 : 9814525766
Rating : 4/5 (63 Downloads)

Book Synopsis Singapore's National Wages Council: An Insider's View by : Chong Yah Lim

Book excerpt: Written by Emeritus Professor LIM Chong-Yah, Founding Chairman of the tripartite National Wages Council (NWC), this unique volume offers readers an insider's view of the genesis and the evolution of the wage determination mechanism and system in Singapore under the aegis of the NWC. As a tripartite body dealing with wages, wage policies and wage-related matters and promoting Growth with Equity, the NWC played a critical role in transforming industrial relations in Singapore from the then confrontational approach to that of mutual understanding, esprit de corps and social co-partnership. Drawing from his 30-year experience as NWC Chairman (1972-2001), Singapore's eminent Economics Professor shares with readers the important process and problems of seeking equitable wage increases through tripartite consensus based on a yearly national wage guideline system. The book also chronicles the role of the NWC in crisis management in 1974, 1985 and 1998, and in Economic Restructuring, 1979-1981. The structure and operation of this unique Singapore institution and the interesting problems of securing unanimity of support from the three tripartite partners are revealed in the book. Some important NWC personalities and their concerns and unique contributions are interestingly covered, anecdotally.


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