Bonus Payout

[lazyplane]

Nope. it is as per your contract. Most employment contract here have a "general" contractual term that states that it will refer to the "company" policy and is applicable hence company policy get pulled into the "contract".

If you have a special negotiated (usually management level) contract, it is as per contract. If not, you can take a civil suit and sue the company on the basis on the contractual level.

As such, this present a legal loop hole that companies must plug.

So some big organisations also employ other workarounds to avoid the admin work of getting each employment contract re-sign with the employee by imposing a policy that states that this term will applicable to all employees in the contract if you are working in the company by a future date. Contractually and legally, whether that can really work may be for the courts to decide and in US , such policy can be fought over tooth and nail. But SG... harder..much harder to fight as most singaporean dont know their rights and maybe it is also because such cases involves more out of the pocket money as singapore lawyers will charge (and you are already jobless) and unless you are very rich, then can take on company.

Originally Posted by Unregistered

It is not just what is stated in your contract with the company but you also need to note what the current company policy is, regarding bonus payment and resignation date.

For eg., I have worked 30 years in this particular company and whatever contract terms there were regarding bonus payment and resignation have all but changed at the discretion of the company. Some for the better, others worse.

It used to be that as long as the bonus was paid to us, we could resign. Now, the terms were changed such that we cannot resign within the bonus month or the bonus paid will be recovered from us.

anyone knows if it is true that the bonus at japanese banks is between 4-6 months, internal audit dept.thanks

Originally Posted by Unregistered

anyone knows if it is true that the bonus at japanese banks is between 4-6 months, internal audit dept.thanks

Roughly there, I usually get 5+ months when I was with MUFG.

Originally Posted by Unregistered

which govt agency are you from?

Signed on LTC

Originally Posted by Unregistered

Signed on LTC

Saf. The Holy cow of sg50.

Every year a fixed dedicated money of the tax payer (and other taxes, Inc business tax in malls) is use to sponsor this organization. What benefit do we reap? Airshow and fireworks.

A lousy major 5k. LTC 7k, full colonel 10k++
We have seen too many ex general going to the public sector to sink ships

[ThomasScheer]

Every company mentions the bonus payout for the employee in the agreement. Whether it may be 15% or the monthly or the salary based bonus. Its the matter to have the complete information on the agreement you are signing. Also an employee must know its laws too, to have better work within the company or business. Bonus also depends on the employee's work. So its better to know an employee's droit and the agreements.

[numberator]

my company only state bonus is dependant on company performance...

but i check their financial reports, making profit lo but never give bonus...sad life

This type of economy, u wan bonus. Really?!

OK I give minus 2mth

[numberator]

har...no bonus but at least need some increment mah....everything also no have really sad lor

In such cases where a company is constantly changing the policies of the staff handbook, are employees supposed to follow the regulations stated in the staff handbook or their own contract signed between the employee and the employer? If employees were told to follow the regulations stated in the staff handbook, what's the point of signing a contract in the first place if it's just going to be overwritten by the staff handbook. Kindly advise.