The Budget has been announced. It contains ecnomic assistance to help companies to tie through the rough times specifically the job credit assistance. With this, our firm has decided to suspend the salary cuts by 5%. This would mean that there will be no cut for seniors and AM; but there is still a cut of 2.5% (better than the original 7.5% cut) for M and above.
I was pleased to hear that. Our firm has indeed try its best to have positive developments and to ensure that they live up to be the employer of choice. The Government has also taken measures to help the companies and its people to tie through this rough time. I am sure Singaporeans and companies would benefit from these measures one way or another. I sure did.