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Private sector employees may receive bonus of 1-2 months despite slowdown
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The Singapore National Employers Federation urged private-sector companies to be guided by the National Wages Council recommendations issued in May.
PHOTO: ST FILE
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Private-sector companies are still planning to hand out bonuses of around one to two months in general, amid trade tensions and slower economic growth, said human resource experts.
This is largely in line with or lower than in previous years, although sectors such as finance, insurance, real estate, healthcare, transportation equipment and information technology may see higher bonuses than average amid a tight labour market, said recruiters and human resource consultancies ManpowerGroup Singapore, Robert Half Singapore and Mercer.
