Search the Community
Showing results for tags 'bonus'.
-
Wow lau! Now taxpayer money is giving to foreign babies! Reminds me of andy lau's bandit movie "take $, take land and take the women!"
-
my sis in law posted in her FB that she is getting 2.5 months bonus and bitching that it is too little. knn, I told my wife i feel like slapping this bloody civil servant!
-
"The main salary component for senior officers that varies with economic growth is the GDP Bonus. GDP bonus is zero if GDP growth is 2% or below, but accounts for a maximum of about 1/4 of the annual salary of senior officers, or 8 months, when the GDP growth exceeds 10%. Hence, during the downturn in 2009 and 2010, no GDP Bonus was paid. This contributed to a 18-22.5% reduction in annual salaries of senior officers for the two years. This year, in 2011, based on the exceptionally high 2010 GDP growth, officers will get the maximum rate of GDP Bonus," Deputy Prime Minister Teo in Parliament today......
-
Every year civil servant get performance bonus about when ya will get. Is it same as the normal with salary on the 12th. And also this year have extra ah bonus?
-
-
Any buddy here works in the Home Team uniformed services, or best Ministry of Finance. Heard next mth got another bonus??? Sme say a mth,sme say the same as yr last performance bonus?? Anybody shed some light on this veryyyyyyyyyyyyyyyyyyy impt issue
-
Last year civil servant no July bonus.... Wonder anyone knows if this year will get
-
If any ? lim peh only 13th month.
-
http://www.tnp.sg/news/story/0,4136,212519,00.html? Boycott Prime Taxi
-
If you spend min SGD400nett on Synergy petrol by 14 July 09 using smiles card. Anyone received this sms?
-
Anyone heard about this? Got below link through e-mail. Not sure true or not. If this is real, then they got to be http://blog.dk.sg/2009/03/17/look-how-disconnected-they-are/
-
As usual garmen will declare end of year bonus for Civil servant. Lets predict how many months will they gif this time. My prediction is 0.75months -
Broken Securities Industry Still Has $20 Billion to Pay Bonuses By Christine Harper and Serena Saitto Oct. 27 (Bloomberg) -- Five straight quarters of losses and a 70 percent slide in its stock this year haven't stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses. Goldman Sachs Group Inc. and Morgan Stanley, both still on track for profitable years, have set aside about $13 billion for bonuses after three quarters, down 28 percent from a year ago. Even some employees at Lehman Brothers Holdings Inc., which declared the biggest bankruptcy in U.S. history last month, will get the same bonus they received a year ago. The worst financial crisis since the Great Depression, a $700 billion taxpayer bailout, public outcry over excessive pay and the demise of three of the biggest securities firms won't deter Wall Street from offering year-end rewards to employees on top of their salaries, compensation experts say. ``Critical producers and critical managers will be retained with the same bonus they had last year,'' said Robert Sloan, head of U.S. financial-services recruiting at Egon Zehnder International, a New York-based executive-search firm. ``The others will see sharp cuts.'' Goldman, the biggest and most profitable Wall Street firm until it opted to become a bank holding company last month, has set aside about $6.85 billion for bonuses, or an average of $210,300 for each employee, down 32 percent from $339,400 a year ago. Morgan Stanley, the second-biggest securities firm until it also converted to a bank, has $6.44 billion for bonuses, or $138,700 per person, down 20 percent from last year. Both firms accrue a fixed percentage of their revenue for compensation, so the decline in bonus pools matches the drop in revenue. Merrill's Compensation The money Merrill has set aside for bonuses equates to an average $110,000 for each of its 60,900 people, up from $108,000 a year ago because more than 3,000 jobs have been cut. The bonus figures are based on estimates that about 60 percent of the compensation and benefits expenses reported by the companies will be paid in year-end bonuses, as occurred in past years. Average bonuses aren't an indication of how much any employee will receive, since payments range widely from assistants to top traders. Bonuses aren't paid until the end of the fiscal year, so firms could choose to reallocate the funds. ``We are in the process of determining appropriate levels of year-end compensation, and no decisions have been made,'' said Mark Lake, a spokesman at Morgan Stanley. Ed Canaday, a spokesman for Goldman in New York, declined to comment. Merrill spokeswoman Jessica Oppenheim said the firm's accrued bonuses aren't down as much as those at Goldman and Morgan Stanley because the firm reduced expenses last year, when it also had a loss. Compensation costs are down 18 percent this year, compared with the first nine months of 2006, Merrill's last profitable year.
-
aiya saw on CNA that garment will not pay bonus if GDP falls below 2% this year.. think the private sector will also have excuse not to give too
-
considering the following: - pay day: 20th every month - variable bonus accrual period end Dec 08 (i.e. 1 Jan 08 till 31 Dec 08) and payable on 20 Jan 09 - have been in the Company during the variable bonus accrual period (i.e. 1 Jan 08 till 31 Dec 08) - last day with Company: 10 Jan 09 Upon the last day, is the resignee entitled to receive variable bonus for the period 1 Jan 08 to 31 Dec 08? - assuming variable bonus is not contractual inside the employment contract.
-
July 5, 2008 Not a matter of faith, but of rights I REFER to the open letter NTUC Income chief executive officer Tan Suee Chieh sent to me last Wednesday and, presumably, to the rest of Income's policyholders. It is unfortunate that Mr Tan and his new management team have not grasped the fundamental concern of existing policyholders regarding Income's bonus-restructuring exercise. Contrary to what he believes is a question of faith in him and his management team, the bone of contention for most policyholders is about how Income has unilaterally restructured the bonus scheme on not only new insurance plans, but existing ones as well. The key question Mr Tan and his management team should ask is this: If the customer had known that Income would execute an about-turn and change the bonus proportion at its own discretion, would the then-prospective policyholder have signed up? It should be the right of each consumer or policyholder, not the insurer, to determine what is in his best interest. The fact that NTUC Income has unilaterally implemented the change in the bonus scheme without allowing existing policyholders the choice of opting in or out shows a complete disregard for the sanctity of policy agreements and policyholders' rights and freedom to choose. I must therefore question the sincerity of Income's 'guided principles' to protect and enhance the interests of its policyholders. It is like telling a child he is being locked in a cage to prevent him falling down and getting hurt. As society progresses and the financial sector matures, we expect a more balanced approach to consumers' rights. Dennis Liu http://www.straitstimes.com/ST%2BForum/Sto...ory_254808.html
-
Civil servants to get half-month mid-year bonus, plus $100 to $300 Lower division officers will receive more SOME 60,000 civil servants will get a mid-year bonus of half-month and between $100 and $300 in July. Officers in the lower divisions - Division III and IV - will receive $250 and $300 respectively. Division I and II officers will receive $100. This is in line with the National Wages Council's (NWC) call to give more to low-wage workers to help them cope with rising cost of living. A statement from the Public Service Division on Wednesday said the July payout comes against a backdrop of Singapore's continuing economic growth, which is expected at between 4 to 6 per cent this year. The economy grew by 6.7 per cent in the first quarter, compared to 5.4 per cent in the last quarter of 2007. 'The mid-year payment with higher amounts of $250 to $300 for officers in the lower divisions has taken into consideration the National Wages Council's call to give a one-off special payment to help rank-and-file workers, particularly low wage workers, better cope with the impact of inflation this year,' said the statement. Last year, civil servants received a half-month bonus in July, and a one-off payment of $220. PSD said the Government will decide on the year-end bonus for civil servants when Singapore's economic performance in the second half of the year is clearer. The mid-year payout announcement was applauded by NTUC on Wednesday. In a statement, it said the higher quantum for lower division civil servants would encourage them to 'perform even better as it forms a larger percentage of their wages.' Said NTUC: 'We are glad the Government has also followed the National Wages Council's recommendations to use variable payments to reward workers and to grant a one-off special payment to help rank-and-file workers, particularly lower wage workers, cope with the impact of inflation.' 'This year, the higher dollar quantum for the lower wage civil servants will mean a lot more to them as it also serves to help them cope better with rising cost of living and inflationary pressures.' http://www.straitstimes.com/Latest%2BNews/...ory_241907.html -
like to know what is the market practise
-
I start with mine 1st... 1 month... niah...
-
From http://www.salary.sg How often do you hear of people getting bonuses of 6 years? Well, a bumper year for Singapore
-
It's the time of the year again, everybody's excited and looking forward to getting their bonuses after a year's hard work. How do you plan to spend your bonus?
-
Hi, Didnt receive my bonus value code email this year... and insurance due for renewal in Sep. Anyone got the email from DBS DriveShield Bonus Value Code? Thanks.
-
SINGAPORE : Next month, the Government will pay civil servants a year-end Annual Variable Component (AVC) of one month on top of the 13th month bonus. In addition, eligible civil servants will be paid a new performance-based Growth Bonus next March. Payable in times of exceptional economic performance, this bonus varies in amount depending on individual performance and aims to strengthen the link between performance and pay. Good performers will receive 0.5 month of Growth Bonus, and better performers will receive more - up to 0.8 month. In a statement, the Public Service Division said the economy has performed better than anticipated this year. The Trade and Industry Ministry has forecast that the Singapore economy is expected to grow by 7.5 to 8 percent this year. The unemployment rate has fallen from 2.7 percent last year to 1.7 percent, with a record high of 171,500 jobs created in the first 9 months of 2007. In July this year, the government paid civil servants a mid-year AVC of 0.5 month and a one-off payment of S$220, in line with the call by the National Wages Council for employers to help low wage workers. The total variable payment for 2007 is 2.5 months + S$220, not including the Growth Bonus. With the Growth Bonus, the total payments for a good performer will be 3 months + S$220 for 2007, compared to 2.7 months + S$220 in 2006. - CNA/ch
-
any1 knows what is the bonus this yr ah for governmenr sector
-
Hi bros and sis who are working in a bank, Just doing a quick poll to see what's the climate like on the Variable this year for the banking and financial sector? Heard from market that this year will be a good year to expect a good bonus for the majority of the banks.
