Modest bonuses, wage rises expected

Most will get 1.5 to 2.4 months' bonus on top of 13th month, say surveys

Office workers and people in the central business district - Raffles Place. Workers are not likely to get bumper payouts in the current bonus season and salary increases are expected to be modest this year in a slowing economy, surveys indicate. -- ST FILE PHOTO: MALCOLM MCLEOD

That expensive holiday or luxury car may have to wait.

Workers are not likely to get bumper payouts in the current bonus season and salary increases are expected to be modest this year in a slowing economy, surveys indicate.

But most will still receive bonuses of between 1.5 and 2.4 months' pay on top of their annual wage supplement - commonly known as the 13th-month payment - say recruitment and remuneration firms and industry associations.

While some firms pay workers bonuses throughout the year, most pay the bulk of their bonuses in December and January.

straitstimes.com