2016 civil service end-year bonus

Originally Posted by Unregistered

0.65 is confirm

source from where dun anyhow leh

0.5 is already going through approval right now. Most likely it will be rubber stamped and issued out to public news.

Originally Posted by Unregistered

0.5 is already going through approval right now. Most likely it will be rubber stamped and issued out to public news.

I like when it comes to mid year and year end bonuses, this thread makes it quite fun and entertaining. I am guessing 0.55month.

Yes, it is confirmed at 0.65mth.

Originally Posted by Unregistered

0.65 is confirm

Originally Posted by Unregistered

u stupid or what? might as well say zero, u noob.

I think you also noob. Come here and gave such low EQ and low IQ remark. Lol.

Originally Posted by Unregistered

Yes, it is confirmed at 0.65mth.

U sure confirm? Who confirm? I heard it was rejected. Now it is re-proposed to be 0.3mth.

Given the poor economic outlook, it's not likely to be anything more that 0.5. I am guessing 0.35 to 0.40. Some companies benchmark their bonus to govt bonus, if civil service give too high, very stressful for these companies.

Originally Posted by Unregistered

A bit difficult to predict. No discernible pattern e.g. 14.8% = 1 mth vs 4.7% = 1 mth, and 1.3% = 0.7 mth vs 2% = 0.65 mth.

Given that the previous year there was -0.8% growth. The real growth over that year is only around 5.6%.
For example let say SG's GDP is 100Bil in 2008.

-0.8% in 2009 means GDP= 92Bil
14.8% in 2010 means GDP=92*1.148 = 105.6Bil.

Means from 2008 to 2010, only around 5.6% real growth. I suspect the bonus is pegged to growth lah, but got other factors also. But typically bonus goes down when economy not doing well, goes up when the economy is actually growing or govt trying to expand internal consumption to react to deflationary pressure.

Originally Posted by Unregistered

Given that the previous year there was -0.8% growth. The real growth over that year is only around 5.6%.
For example let say SG's GDP is 100Bil in 2008.

-0.8% in 2009 means GDP= 92Bil
14.8% in 2010 means GDP=92*1.148 = 105.6Bil.

Means from 2008 to 2010, only around 5.6% real growth. I suspect the bonus is pegged to growth lah, but got other factors also. But typically bonus goes down when economy not doing well, goes up when the economy is actually growing or govt trying to expand internal consumption to react to deflationary pressure.

Friend just told me that it will be 0.40

Originally Posted by Unregistered

Friend just told me that it will be 0.40

Stop spreading rumours.

It is 0.85 this year + $40 increment for div 4.