Civil Service Performance Bonus

Originally Posted by Unregistered

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.

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...

Originally Posted by Unregistered

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?

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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]

Originally Posted by Unregistered

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

Originally Posted by Bean

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)

Originally Posted by Unregistered

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...

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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... #$%@%!!