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13-11-2021 02:04 PM |
What Are Bonuses Tied To?
Civil service bonus appears to share a relationship with GDP growth. As seen in their 2020 mid-year press release and 2020 year-end release, GDP growth is usually cited by the government to explain the rationale behind the bonuses paid out. In times of strong economic growth, bonuses tend to be higher. When the country is experiencing a slowdown, bonuses are usually lower.
s://dollarsandsense.sg/civil-service-bonus-much-government-paid-bonus-past-decade/
1 mth bonus or more is very likely.
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