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Unregistered 21-11-2011 12:43 PM

Quote:

Originally Posted by Unregistered (Post 18269)
when r they gonna announce EOY bonus ??

last year it was 13th mth + 1 mth (GDP growth was a staggering 14.5%)

this year's growth expected to be only 5%. arghhhh..... hope we can still get 13th mth + 0.5 mth !!!!

fat hope. with the MAS and deputy PM already hinting a severe downturn, civil service top brass wouldn't want to send a contradictory signal by giving out any bonus. it's how they work. haven't you noticed?

i predict ST will publish many articles talking about a looming deep recession.

Unregistered 21-11-2011 07:09 PM

hmm.. but isn't EOY bonus also dependent on the past year's economic performance? of course the bad forecast will be taken into consideration but I think all in all the bonus should be decent. next year's will be quite bad though...

Unregistered 22-11-2011 09:47 AM

Quote:

Originally Posted by Unregistered (Post 18279)
hmm.. but isn't EOY bonus also dependent on the past year's economic performance? of course the bad forecast will be taken into consideration but I think all in all the bonus should be decent. next year's will be quite bad though...

the 5% forecast shld be rather accurate as we already 3Qs' worth of data.

does anyone have the pre-2009 figures?

Unregistered 22-11-2011 10:01 AM

Quote:

Originally Posted by Unregistered (Post 18295)
the 5% forecast shld be rather accurate as we already 3Qs' worth of data.

does anyone have the pre-2009 figures?


2007 n 2008 bonus figures r probably good yardsticks

GDP growth was 8.8% and 1.5% respectively, so if u avg the bonus figures in those yrs, u can probably get a reasonable estimate of this year's figure

Unregistered 22-11-2011 11:37 AM

Quote:

Originally Posted by Unregistered (Post 18297)
2007 n 2008 bonus figures r probably good yardsticks

GDP growth was 8.8% and 1.5% respectively, so if u avg the bonus figures in those yrs, u can probably get a reasonable estimate of this year's figure

do you have the 2008 bonus figures?

Bean 22-11-2011 01:35 PM

Quote:

Originally Posted by Unregistered (Post 18300)
do you have the 2008 bonus figures?


FY2008

July
AVC = 0.5 month + $100


Dec
NPAA or AWS = 1 month
AVC = 0.5 month



2008APR = PB = not included here

Unregistered 23-11-2011 10:57 AM

Quote:

Originally Posted by Bean (Post 18306)
FY2008

July
AVC = 0.5 month + $100


Dec
NPAA or AWS = 1 month
AVC = 0.5 month



2008APR = PB = not included here


thanks so much Bean.

i think we can expect 13th mth + 0.5 mth this year since GDP growth (2011) > GDP growth (2008)

Unregistered 23-11-2011 12:38 PM

Quote:

Originally Posted by Unregistered (Post 18337)
thanks so much Bean.

i think we can expect 13th mth + 0.5 mth this year since GDP growth (2011) > GDP growth (2008)

i'm guessing everyone will just get 13th month... dun have too high hopes... they are trying to cast a gloomy picture of the economy in the papers and on news...

Unregistered 23-11-2011 04:37 PM

Quote:

Originally Posted by Unregistered (Post 18340)
i'm guessing everyone will just get 13th month... dun have too high hopes... they are trying to cast a gloomy picture of the economy in the papers and on news...

Everyone except the top guys - ministers and perm secs. If you don't pay them well, they will up stakes and join the likes of Morgan Stanley and Lehman Brothers... oh wait, Lehman is no longer around haha.

Unregistered 24-11-2011 02:43 AM

Quote:

Originally Posted by Unregistered (Post 18347)
Everyone except the top guys - ministers and perm secs. If you don't pay them well, they will up stakes and join the likes of Morgan Stanley and Lehman Brothers... oh wait, Lehman is no longer around haha.

Yup.. In Singapore... The money always flows upwards.. Pity those poor people stuck at the bottom rungs in society... Slogging their whole lives away only receiving a miserable penance for their life... Wait a minute.. I'm one of them... #$%@%!!


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