GovTech

Originally Posted by Unregistered

what is the % allocated for C, C+, B and A?

This kind of info HR and Senior Management won't disclose one. I guess it is around 5% D, 20% C, 50% C+, 20% B and 5% A.

Originally Posted by Unregistered

This kind of info HR and Senior Management won't disclose one. I guess it is around 5% D, 20% C, 50% C+, 20% B and 5% A.

So 3900 GovTechie means got 195 D, 780 C, 1950 C+, 780 B and 195 A. 195 D kena PIP?

Originally Posted by Unregistered

So 3900 GovTechie means got 195 D, 780 C, 1950 C+, 780 B and 195 A. 195 D kena PIP?

lol if really so many get C+, I will LMPO

Originally Posted by Unregistered

most already attended, IYKUK...

likely more comments nearer to end of apr :P

Yup, will share more end of the month.

Now still early. Hold on

Some as CPFB bonus scheme.

Originally Posted by Unregistered

Some as CPFB bonus scheme.

Cpfb also follow the same method?

Bonus is same quantum if u are same grade , same perf rating

Originally Posted by Unregistered

Some as CPFB bonus scheme.

how they derive the amount? median of the band?

Originally Posted by Unregistered

What this also mean we can now openly share our bonus.

Since all will receive the bonus amount the same for same grade.

Example in whole of govtech, Grade G for C gets $30k, everyone who are in this group gets the same

Grade G for C+ gets $35k

Etc

Essentially its fairer but if I , grade G,perf C am drawing $10k per month, its probably only 3 months

Whereas if another person, am grade G, perf C drawing $5k per month, it's a whooping 6 months!

Huat ka liao ah!

HR claimed it is FAIR

Originally Posted by Unregistered

how they derive the amount? median of the band?

Median of the salary range of that grade? I think

Originally Posted by Unregistered

Cpfb also follow the same method?

Bonus is same quantum if u are same grade , same perf rating

r/askSingapore
2 yr. ago
JoshRagu

What is the most egregious expenditure management made in your company which does nothing to boost staff welfare?

Tldr; company rented a new office floor with a swimming pool but cut down on the number of office floors which contain actual work cubicles (so people have to hot-desk). Company can afford to pay for maintenance of swimming pool but refuses to increase employee compensation to market rates.

Heard this from a friend who works for a prominent social security Statutory Board,

Statutory Board's management decided to rent a new office floor which includes an outdoor swimming pool and patio area, claiming that this is to be used as an innovation space and will improve staff welfare. Swimming pool would be a white elephant since who in their right minds would be swimming there in full view of their colleagues and bosses.

Best part is the Statutory Board has been returning other office floors, containing proper work cubicles, in the building as it decided to downsize office capacity and force employees to hot-desk. Higher ups have also been reducing salary increments and bonuses to below market rates (despite saying that compensation remains competitive) to the extent that attrition rate is sky high. Bosses refuse to raise pay to retain high performing staff and instead gaslight staff with financial engineering shenanigans to make pay higher on paper, the usual 13th month bonus was split over 12 months and allocated into the monthly salary, because this would increase the monthly pay to look more attractive. However, bonus paid out in terms of xx months of monthly pay is based on original base pay. All this does is to help the Statutory Board to pay less employer contributions to employees, ironically the Statutory Board's main business is to enhance retirement security.

s://.reddit.com/r/askSingapore/comments/tbqyef/what_is_the_most_egregious_expenditure_management/