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

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Joint Press Statement by the Singapore Business Federation (SBF) and the Singapore National Employers Federation (SNEF) on the NWC 2004/5 Guidelines, 17 May 2004
Press Statement On the Prime Minister's Parliamentary Statement on Retuning the CPF.
Joint Press Statement By The Singapore Business Federation and The Singapore National Employers Federation on The 2003 National Wages Council Guidelines.
Joint Press Statement By The Singapore Business Federation (SBF) And Singapore National Employers Federation (SNEF) On The National Wages Council Guidelines For Jan - June 2003.
Press Release by SNEF on SARS.
Press Release by MOH on SARS.
The Code Of Responsible Employment Practices issued by SNEF, SBF and NTUC

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