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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SNEF Advisory on Employee Grievance Handling
TAFEP Grievance Handling Handbook
Recommendations of the Tripartite Cluster for Cleaners on Progressive Wages
Updated Tripartite Advisory on Best Sourcing Practices
Guidelines For The Protection of Employees Against The Effects of Haze at Workplaces
Tripartite Guidelines on the Re-employment of Older Employees
Tripartite Advisory on Managing Manpower Challenges for Enhanced Competitiveness and Sustainability
Tripartite Guidelines on Managing Excess Manpower - (Updated)
New Tax Clearance Calculator at IRAS website
Increase In Employers' CPF Contribution Rate
Budget 2010 Business Measures to Companies
Change in Income Tax Treatment on Staff Discount with effect from Year of Assessment 2011
Third Tripartite Advisory on Workplace Measures to Tackle Influenza A (H1N1-2009)
SMEHR@SNEF
HR Capability Toolkit
IRAS Information on Severance Payments
Tripartite Alliance for Fair Employment Practices
Additional Avenues For Tax
Deduction For Medical Expenses
Industry News
National Wages
Council guidelines
Tripartite Guidelines
Community Engagement Programme (CEP)
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