Singapore employees' year-end bonus averaged 1.45 months, nearly one-third received none: Survey

Office workers at Shenton Way on March 2, 2017.
Office workers at Shenton Way on March 2, 2017.ST PHOTO: KUA CHEE SIONG

SINGAPORE - The average guaranteed bonus, or annual wage supplement (AWS), received by Singapore employees in 2016 beyond their 12-month salaries was approximately 1.45 months, according to a survey by JobStreet.com. 

However, about 30 per cent of the respondents said they did not receive any AWS last year. More than 35 per cent of respondents said they did not get any performance-based bonus too.

The survey conducted by the job portal in January involved more than 400 respondents across various industries, from manufacturing to education and hospitality, telecommunication to accounting and medical.

The survey findings also reveal the overall market sentiment that job seekers have in 2017.

Many job seekers are pessimistic about the job outlook, with 60.9 per cent of them believing that it would be hard to find a job in 2017. Some 68.9 per cent of them believe that companies will likely put their expansion plans on hold and not hire new employees and 73 per cent of them think that landing an interview and getting a job with good opportunities will be challenging.

"This perceived outlook slightly deviates from our market sentiments," said Chook Yuh Yng, JobStreet.com Singapore's country manager. "We saw a healthy increase in the number of job advertisements since December 2016. On average, we consistently have over 40,000 jobs posted on our website monthly. Hence, we believe that companies are still on a lookout for talent."