This comes as part of the Group's move to fast-track the progressive wage models for both its food services and retail arms.
FairPrice Group (FPG) has announced a fast track on the implementation of the food services Progressive Wage Model (PWM)), ahead of the schedule set in place by the government.
In a press release on Thursday (16 February 2022), the Group shared that non-executive employees from its food services business received wage increments in September 2022 and January this year.
In addition, FPG also implemented the second phase of the retail PWM in January this year for all its non-executive employees, following the first phase of retail PWM in September 2022. Across the Group, non-executive employees including those in supply chain and office administration, which currently do not fall under PWM schemes, were also given wage uplifts since September 2022.
On a whole, the Group shared, about eight in 10 of its more than 10,000 non-executive employees have received wage adjustments of up to 7% this year. This, it added, is regardless of nationality, and applies across all of FPG's business units and functions.
Commenting on this, Vipul Chawla, Group CEO, FairPrice Group, said: "Our people are at the heart of our business and we aim to help them cope better with the rising cost of living. In fact, we fast-tracked our PWM roadmap so that our non-executive employees would be better provided for.
"More importantly, going forward, we are also committed to developing an engaged and future-confident employee base so that they will be equipped with the necessary skills to adapt to the fast-changing, omni-channel retail landscape and deliver the best experience for our customers."
The above aside, FPG also announced that FairPrice and its chain of convenience stores, Cheers, have been accredited with the Progressive Wage (PW) Mark Plus, an accreditation that recognises businesses that pay progressive wages to lower-wage workers.
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