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During the recent Budget 2013, the Singapore Government announced the implementation of the Wage Credit Scheme.
WCS is part of the 3-Year Transition Support Package where the Government will co-fund 40% of wage increases given to Singaporean employees earning a gross monthly wage up to $4,000. In light of this announcement, Towers Watson conducted a pulse survey to test market reactions on how the Wage Credit Scheme will affect organizations, across a variety of topics. This report features key highlights of the survey results.