
Guess how much bonus Singaporeans will take home next year
You might be a little disappointed.
The Hay Group report also showed that the actual average variable bonus (i.e. performance-based bonuses excluding annual wage supplement, contractual bonuses) is 2.4 months for a 12-month period.
This is a drop of 0.1 month compared to the average of 2.5 months in the same period last year.
A breakdown by employee level revealed that Senior Management can expect an average variable bonus payout of 3.0 months, followed by 2.5 months for Middle Management, 2.1 months for Junior Professionals and 2.0 months for Clerical Support.
The forecast average variable bonus payout is 2.2 months for 2014.