Anyone recieved variable merit increment details?
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For employees with a monthly variable component (MVC), employers can adjust it downwards, with the amount depending on the company’s situation and key performance indicators.
Advertisement About 37 per cent of employees in private sector companies with 25 or more workers as well as the public sector have an MVC as part of their salary, according to the Ministry of Manpower’s 2018 report on wage practices. This is equivalent to 700,000 employees. Just in |
s://.channelnewsasia.com/news/business/wage-council-covid-19-salaries-basic-12589242
The Manpower Ministry’s permanent secretary Mr Aubeck Kam said that discussions are ongoing within the public sector, and announcements about public servant wages will be made in June. |
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If they cut the basic salary for those working at ground level. Many will be damn unhappy and be de motivated. Work at ground level and shift already tulan, Low salary still cut. I said cut the president, ministers, MPs and senior public servants pay by 6 mths.. can at least feed the entire Low rank public servant for a few years. |
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Just received increment and bonus letter today.
Second upper from Nus engineering + NS Joined in 2018 July. 2018 Jul LTE 6 - 4470 2019 Apr LTE 6 - 4550 2020 Apr LTE 7 - 4960 |
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I'm just a farmer with average scores so far. |
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