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13-06-2013 05:44 PM

Unregistered

Other than Financial Institutes other industry do practice 13mths

13-06-2013 02:28 PM

kenn85

thank alot for sharing. i think this can let others know on the bonus structure accross the industry too.

13-06-2013 10:39 AM

gcl

Quote:

Originally Posted by kenn85

Hi All,

I would like some advice.

I was recently offered a salary of 2.6k (fresh grad terms) and a variable bonus of 1.2mths yearly. no 13th month.

is this the normal practice in most private companies? I know that most companies pay 13th mth n variable bonus at the mid n end of the year, depending on company performance.

m I being short changed? is this kind of bonus terms acceptable?

thank you

So far i know some of the bank does not have 13 months one. They include into basic. 1/12*(basic)+(basic) = monthly basic.
But for SME it depend on agreement. you may read below link.
Variable Wage Components - Ministry of Manpower

13-06-2013 10:13 AM

Unregistered

Quote:

Originally Posted by kenn85

13 months is a legacy practice and many MNCs and finance industry in Singapore are getting rid of it. It is not compulsory and is slowing falling out of trend.

Bonus (exc sales) in pte sector usually only pay once a year. You are confusing with Civil Service that pays a mid year bonus every year.

12-06-2013 06:28 PM

Unregistered

Quote:

Originally Posted by kenn85

Want proper answer, provide more details:
Fresh grad holding what from where?
13th month is a requirement iirc

12-06-2013 05:40 PM

kenn85

Job offer and salary terms

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