Private sector employees may receive bonus of 1-2 months despite slowdown

The Singapore National Employers Federation urged private-sector companies to be guided by the National Wages Council recommendations issued in May.
The Singapore National Employers Federation urged private-sector companies to be guided by the National Wages Council recommendations issued in May.PHOTO: ST FILE

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.

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A version of this article appeared in the print edition of The Straits Times on December 23, 2019, with the headline 'Companies in private sector plan to give bonus of 1-2 months'. Subscribe