Salary.sg Forums

Salary.sg Forums (https://forums.salary.sg/)
-   Income and Jobs (https://forums.salary.sg/income-jobs/)
-   -   Mid-Year Civil Servant Bonus 2019 (https://forums.salary.sg/income-jobs/11693-mid-year-civil-servant-bonus-2019-a.html)

jrbearus 21-05-2019 04:57 PM

Mid-Year Civil Servant Bonus 2019
 
Anyone has information on the payment? Start stirring.

Unregistered 21-05-2019 05:08 PM

hearsay 0.5 months

Unregistered 21-05-2019 05:13 PM

Should be happy to get 0.5 since the MTI just narrowed GDP forecast (s://.channelnewsasia.com/news/business/singapore-gdp-economy-2019-forecast-growth-q1-11549940) today.

jrbearus 21-05-2019 05:17 PM

Some economic data and previous year bonuses:
MTI Expects GDP Growth to be "1.0 to 3 Per Cent" in 2017 - 0.5 months
MTI Expects GDP Growth to be "2.5 to 3.5 Per Cent" in 2018 - 0.5 months + $300
MTI Expects GDP Growth to be "1.5 to 2.5 Per Cent" in 2019 - ?

Unregistered 21-05-2019 05:18 PM

Can anyone also explain how Prorating words please?

Is it No. of days work / Total number of working days in 1 Jan - 30 Jun 2019 * Salary?

jrbearus 21-05-2019 05:25 PM

Quote:

Originally Posted by Unregistered (Post 119103)
Can anyone also explain how Prorating words please?

Is it No. of days work / Total number of working days in 1 Jan - 30 Jun 2019 * Salary?

Mid-year bonus = (Number of days from 1 January to 30 June) divided by (Number of days from 1 January to 30 June) multiple by June salary multiple by the mid-year bonus rate or simply - June salary multiple by the mid-year bonus rate

Unregistered 21-05-2019 06:27 PM

If starting date is 3 June..
 
Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

Unregistered 21-05-2019 08:02 PM

Quote:

Originally Posted by Unregistered (Post 119107)
Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

I think yes, since it is paid for work done in 1 Jan - 30 Jun. So it will be prorated by the % of days you worked in this period * mid yr quantum * salary.

Unregistered 21-05-2019 09:17 PM

Quote:

Originally Posted by jrbearus (Post 119102)
Some economic data and previous year bonuses:
MTI Expects GDP Growth to be "1.0 to 3 Per Cent" in 2017 - 0.5 months
MTI Expects GDP Growth to be "2.5 to 3.5 Per Cent" in 2018 - 0.5 months + $300
MTI Expects GDP Growth to be "1.5 to 2.5 Per Cent" in 2019 - ?

My guess is 0.5 month + $100 - $200 Bicentennial Bonus. Hahahaha.

jrbearus 22-05-2019 01:17 PM

Quote:

Originally Posted by Unregistered (Post 119107)
Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

Yes. As per the formula that I have indicated above.


All times are GMT +8. The time now is 07:09 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2