Over half of Singaporeans are paid a bonus on meeting KPI's

Turns out companies are complying with 89% of employees in the private sector found to be under some form of flexible wage system as at end of 2010.

The Ministry of Manpower noted:

As at December 2010, nearly nine in every ten or 89% of employees in the private sector was under some form of flexible wage system, up from 85% in 2009. Large establishments with at least 200 employees continued to lead in the implementation, with 94% of their workers having at least one key wage recommendation in their wage system, up from 90% in 2009. Similarly, the proportion of workers in small and medium enterprises (SMEs) with some form of wage flexibility increased from 79% in 2009 to 82% in 2010, though this remained below the proportion in larger establishments.

Having a narrow maximum-minimum salary ratio (involving 64% of workforce) remained the most common recommendation adopted by the private sector. This was followed by linking variable bonus to KPI (57%) and having MVC (35%) in the wage structure. The share of employees in establishments that had narrowed/were narrowing the wage ratio (64%) improved over the year from 59% and the coverage of workforce with variable bonus linked to KPI (57%) also rose from 54%, while the share working in establishments with MVC (35%) was the same as in 2009.

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