Updated: 01/08/2014 20:18

New Progressive Wage Incentive

New Progressive Wage Incentive

The Labour Movement is rolling out a new five million dollar Progressive Wage Incentive or PWI scheme for all sectors with immediate effect. 

Under this new scheme, service buyers contracting with service providers will receive funding of up to 10 per cent of their contract value, capped at $150,000. 

To qualify for funding, their service providers must adopt the Progressive Wage Model or any of the proposed working models currently being finalised by the Tripartite Cluster Committees. 

The scheme replaces the previous Best Sourcing Initiative which defrayed costs incurred by service buyers as they adopt the best sourcing practices.

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