By Chong Yah Lim

Written by means of Emeritus Professor LIM Chong-Yah, Founding Chairman of the tripartite nationwide Wages Council (NWC), this specified quantity bargains readers an insider's view of the genesis and the evolution of the salary choice mechanism and process in Singapore less than the aegis of the NWC. As a tripartite physique facing wages, salary regulations and wage-related issues and selling progress with fairness, the NWC performed a severe function in remodeling business family in Singapore from the then confrontational method of that of mutual knowing, esprit de corps and social co-partnership. Drawing from his 30-year adventure as NWC Chairman (1972–2001), Singapore's eminent Economics Professor stocks with readers the $64000 strategy and difficulties of looking equitable salary raises via tripartite consensus in response to a every year nationwide salary instruction approach. The publication additionally chronicles the function of the NWC in obstacle administration in 1974, 1985 and 1998, and in monetary Restructuring, 1979–1981. The constitution and operation of this detailed Singapore establishment and the fascinating difficulties of securing unanimity of help from the 3 tripartite companions are printed within the publication. a few vital NWC personalities and their issues and distinct contributions are apparently lined, anecdotally.

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