 |
| TRADE & BUSINESS INFO |
|
|
|
|
| Home > Trade & Business Info > Business / Policy Updates |
A Guide to Implement Monthly Variable Component (MVC)
for Small & Medium Enterprises
|
|
MVC is a "standby" component to be used by employers to bring down wage costs in sudden and severe business downturns to survive and save jobs.
With the reduction of CPF contribution rate, there is little room to adjust wage cost through CPF cut in the future. Employers therefore should get ready MVC as an "emergency lever" to be used in bad times.
Download the Guide & FAQs to Implement Monthly Variable Component (MVC)For SMEs
English Version
Chinese Version
|
|
| back to top |
|
