Give 3 characteristics of progressive wage.
Answers
Answered by
2
The Progressive Wage Model (PWM) is a productivity-based wage progression pathway that helps to increase wages of workers through upgrading skills and improving productivity. It is mandatory for workers in the cleaning, security and landscape sectors which are mostly outsourced services.
What it is
Developed by tripartite committees consisting of unions, employers and the government, the Progressive Wage Model (PWM) helps to uplift low-wage workers in the cleaning, security and landscape sectors.
Wages in these sectors had stagnated due to widespread cheap sourcing and a limited scope for collective bargaining, as prices are locked in once contracts are signed. In turn, the low wages resulted in high turnover and labour shortages.
The PWM benefits workers by mapping out a clear career pathway for their wages to rise along with training and improvements in productivity and standards.
At the same time, higher productivity improves business profits for employers. Service buyers also enjoy better service standards and quality
What it is
Developed by tripartite committees consisting of unions, employers and the government, the Progressive Wage Model (PWM) helps to uplift low-wage workers in the cleaning, security and landscape sectors.
Wages in these sectors had stagnated due to widespread cheap sourcing and a limited scope for collective bargaining, as prices are locked in once contracts are signed. In turn, the low wages resulted in high turnover and labour shortages.
The PWM benefits workers by mapping out a clear career pathway for their wages to rise along with training and improvements in productivity and standards.
At the same time, higher productivity improves business profits for employers. Service buyers also enjoy better service standards and quality
mohsinansari120802:
Thnks
Similar questions