Singapore Expats Forum

year-end bonus...how much is expected?

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

the new guy

year-end bonus...how much is expected?

Postby the new guy » Sun, 03 Oct 2004 9:16 pm

I work in the treasury department of a large private banking firm. Although the year-end bonus varies from the overall performance of the company (of course), I am really curious about the range of the year-end bonus to receive. Could anyone give an indication in terms of X months salary in a "good" or a "bad" year? At the same time, I have heard that people in the HQ, based in Europe, got a 12-months year-end bonus last year (last year was a good year though....).

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Thu, 07 Oct 2004 12:29 am

Singaporean law says salary has to be paid for 13 months, ie. you get one month bonus always. Anything else is up to the company.

the new guy

Postby the new guy » Sat, 06 Nov 2004 4:34 pm

So at least i can count in 1 month of year-end bouns. Is this law also applicable to international finance firms?

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Sat, 06 Nov 2004 6:00 pm

As far as I know it applies to all companies in Singapore period... but check your contract, it should be written there.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests