, Singapore

Only 5% of Singaporean bosses eye giving 3 months' worth of bonuses

Majority still looks into just 1 month.

JobStreet.com recently conducted a survey to get feedback from both employers and employees in Singapore on their views with regards to increments and bonus pay-outs for 2014.

 

The JobStreet.com survey showed that amidst the increasingly strong labour market in Singapore, most employers state that having a competitive remuneration package as the most effective tool for staff retention.

62% acknowledged that salary increments and bonuses are the most effective retention tool. From the survey, it was revealed that the average bonus is expected to be 1 month.

Some employees will be pleased to know that 14% of employers said that they will pay out 2 months and 5% said they will pay 3 months bonuses. The bonus figures exclude the annual wage supplement. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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