About 36,500 resident employees in Singapore are managers and executives (M&Es) earned a basic monthly salary of up to S$3,000, Minister for Manpower Josephine Teo revealed.
The minister pulled the above data from the June 2020 Comprehensive Labour Force Survey, in a written response to a Parliamentary question from MP Patrick Tay Teck Guan on the total number of workers, resident workers and Singaporean workers who are classified as managers and executives and earning a basic monthly salary (excluding employer CPF) of not more than (i) S$2,600 (ii) S$2,800 and (iii) S$3,000.
Of the about 36,500 resident employees who are M&Es, an estimated 20,500 were earning a basic monthly salary of up to S$2,600. This constituted about 2.8% of the resident M&E workforce.
Meanwhile, about 11,000 (1.5%) earned between S$2,600 and S$2,800, and 5,000 (0.7%) earned between S$2,800 and S$3,000.
Minister Teo noted that M&Es form an important and growing part of Singapore's workforce.
"MOM, together with our tripartite partners, regularly review our employment laws to ensure that they are adequately protected," she said.
- In 2009, the Employment Act (EA) was amended to allow M&Es earning a basic monthly salary of up to S$2,500 access to the Labour Court for salary claims.
- Later, in 2014, the Government extended coverage of the core provisions in the EA (such as holiday and sick leave entitlements) to M&Es earning a basic monthly salary of up to S$4,500.
- This salary threshold was subsequently removed in 2019, essentially ensuring all M&Es are covered by the EA for the core provisions.
"We will continue to review our employment laws to ensure that they remain relevant and responsive to the changing labour market conditions and the needs of the workforce," she concluded.