Civil Servant Year-End Bonus

[farmerservant]

As the title suggest - What are your predictions?

0.7 mth maybe?

For the whole of 2023, the Singapore economy grew by 1.1 per cent, and we got 0.9 mth.

For 2024, GDP growth forecast for 2024 has been narrowed to “2.0 to 3.0 per cent”.

My guess is we will have at least 1.2 month.

Originally Posted by Unregistered

For the whole of 2023, the Singapore economy grew by 1.1 per cent, and we got 0.9 mth.

For 2024, GDP growth forecast for 2024 has been narrowed to “2.0 to 3.0 per cent”.

My guess is we will have at least 1.2 month.

Hope that you are right bro.

Will be contented with at least one month.

0.88 lucky number

Year Mid-year bonus Year-end bonus Total GDP
2024 0.45 1.1 1.55 2.0 - 3.0
2023 0.3 0.6 0.90 1.1
2022 0.35 1.1 1.45 3.6
2021 0.3 1 1.30 8.9
2020 0 0 0.00 -3.9
2019 0.45 0.1 0.55 1.3
2018 0.5 1 1.50 3.6
2017 0.5 1 1.50 4.5
2016 0.45 0.5 0.95 3.6

Originally Posted by Unregistered

Year Mid-year bonus Year-end bonus Total GDP
2024 0.45 1.1 1.55 2.0 - 3.0
2023 0.3 0.6 0.90 1.1
2022 0.35 1.1 1.45 3.6
2021 0.3 1 1.30 8.9
2020 0 0 0.00 -3.9
2019 0.45 0.1 0.55 1.3
2018 0.5 1 1.50 3.6
2017 0.5 1 1.50 4.5
2016 0.45 0.5 0.95 3.6

Shld be ard 1 for year end

In the past 10+ years, even when the economy was doing well, total annual bonus minus 13th month has yet to exceed 1.5 months. Given that it had paid out 0.45 mth in mid year, it is hard to go above 1.05 for year end.

Originally Posted by Unregistered

In the past 10+ years, even when the economy was doing well, total annual bonus minus 13th month has yet to exceed 1.5 months. Given that it had paid out 0.45 mth in mid year, it is hard to go above 1.05 for year end.

Makes sense! PSD/Govt needs to think of the optics as well this year. Seeing how the market is not say doing super well. GDP may be growing but the market sentiment is not good.

Couple with the stupid layoff news among the tech industry.

I also think it would be in the range of 0.6-1.0

0.6 > so that it will + the MYE of 0.45 to make about 1.05 month

1.0 > because of the test balloon that strait times recently release about how public sector has ticked off some check list.

https://www.straitstimes.com/singapore/10-areas-where-singapore-has-made-progress-public-service-report-card