Firms offering higher pay due to manpower crunch, thus driving up costs: SBF survey
SINGAPORE — The current manpower crunch, resulting from border restrictions to curb the spread of Covid-19, has been one of the biggest challenges businesses in Singapore have had to deal with this year.
- Rising manpower costs and the lack of skilled workers have been among the biggest challenges companies in Singapore are facing in 2021
- Businesses are also prioritising attracting and retaining workers by offering higher wages
- The Singapore Business Federation's CEO said some businesses may find this unsustainable
08 Dec 2021 05:40PM
(Updated: 31 Jan 2025 05:43PM)
Source: TODAY
