Collective Agreement Singapore 2018: What You Need to Know
If you are working in Singapore, you may have heard of the term “Collective Agreement” before. Essentially, a collective agreement is a negotiated agreement between an employer and a union that sets out the terms and conditions of employment for a group of employees.
In Singapore, collective agreements are governed by the Industrial Relations Act and are an important tool for ensuring fair and equitable treatment of workers. These agreements cover a wide range of issues, from wages and benefits to working hours and conditions.
So, what`s new in the collective agreement scene for Singapore in 2018? Here are some key updates to keep in mind:
1. More support for working parents
One of the biggest changes in the 2018 collective agreements is an increased focus on supporting working parents. Many agreements now include provisions for flexible work arrangements, such as working from home or part-time work, that can help parents juggle their work and family responsibilities.
There are also new benefits and leave entitlements for parents, including extended maternity leave and paternity leave.
2. Higher wages and bonuses
Another important change in the collective agreements is an increase in wages and bonuses for many workers. Employers are recognizing the need to attract and retain highly skilled workers, and so are offering more competitive compensation packages.
In some cases, workers may receive bonuses that are tied to company performance or individual performance. These bonuses can be a significant source of additional income for workers and can help to motivate them to perform at their best.
3. Better work-life balance
In recent years, there has been a growing awareness of the importance of work-life balance for employees. Many collective agreements now include provisions for more flexible working arrangements, such as telecommuting or flexible hours.
Employers are also recognizing the importance of mental wellness and are providing resources and support for employees who may be struggling with stress, anxiety, or other mental health issues.
4. Greater job security
Finally, many collective agreements now include provisions that help to provide greater job security for workers. This may include guarantees around minimum hours of work, protection against unfair dismissal, and clearer guidelines around performance evaluations and promotions.
By providing greater job security, these agreements can help to reduce the stress and anxiety that many workers feel about their employment situation and can help to foster a more positive and productive work environment.
In conclusion, the collective agreements in Singapore are constantly evolving to meet the needs of workers and employers in the changing job market. By staying informed about these changes, workers can better understand their rights and opportunities and can negotiate for a more fair and equitable workplace.
