Tuesday, November 16, 2010

Better Bonuses and Pay Raise

Based on newspaper reports today, workers in Singapore can expect at 2.7 months of bonus and pay increments of 3.5 per cent to 4 per cent. Those in the financial sector or shipping industry can expect to get even more.

The bonus to be paid out is expected to be higher compared to the year before where only 2.2 months of bonus was paid on average due to the recession.

The upbeat numbers were disclosed by NTUC based on the talks it had with various unionised companies.

During the recession last year, many companies froze wages and cut bonuses. With the economy doing well this year, employers have been urged to treat workers fairly.

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