
SMRT rolls-out revamped wage scheme for non-executive workers
There'll be a base pay hike of $320.
According to a release, the SMRT Wage Revision in 2013 features 4 key enhancements made to the remuneration packages of all SMRT's non-executive employees, excluding its Bus Captain who had received a salary enhancement package last year, with effect from March 2013.
SMRT rolled out a base salary increase of $320. This will be effective starting March 1. This increment follows an industry benchmarking exercise that reviewed SMRT employees' salaries against the relevant external labour market and industries.
They also announced a productivity and performance incentive of up to $250 per month. This comprises the introduction of a monthly performance incentive bonus component of up to $250, achievable by meeting a set of operation performance targets. This will be effective starting 1 April.
Thirdly, market adjustment component of $1,000. This will be effective in employees' March 2013 payroll. Employees will receive a one-off payment that will bring the annual basic salary to the current market benchmark. The lump sum payment also aims to act as an encouragement to employees in continuing to be engaged and inspired in giving their best.
Lastly, increase in salary ranges which will be effective on March 2013. This is to provide a more sustainable career runway for SMRT employees.