Singapore News

News from Singapore

Most Singaporeans can expect a 2 – 3.5 month bonus

Posted by jtsmyth8 on December 7, 2007

A survey of 300 companies by the Singapore National Employers’ Federation (SNEF) last month showed that half of them could be paying out bonuses of two to three-and-a-half months, with a median payout of 2.8 months.

The SNEF also expects the job market to continue to be very strong in 2008.

Speaking to Channel NewsAsia, SNEF’s President Stephen Lee said the economy created 170,000 jobs in the first nine months of this year, or as many jobs as the whole of last year.

He added: “There is currently one job for every job seeker. This is compared to four years ago when there were four job seekers chasing after every vacancy. There is a big turnaround now.”

However, low productivity remains a concern, with productivity growth staying flat this year. (story)

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