civil service year end bonus

[winnipegjets]

The good PM acts upon advice from the trade union leaders like myself.

Wah lau ….you give yourself another post? What is next? Official mascot?

 

[winnipegjets]

Sinkees should demand that ministers pay back half their annual compensation. They have failed to deliver.

 

[batman1]

WHY every year so many congratulations in SHIT TIMES on people getting PBM,BBM,etc ? Porlumpar awards ?

 

[JohnTan]

Wah lau ….you give yourself another post? What is next? Official mascot?

Grassroots adviser Yeo Guat Kwang has over 50 official titles. I have far fewer. I've much to learn from him in terms of my time management.

 

[chuachinsengjason]

The whole bloody bloated civil service is a huge liability to our nation's financial resources, starting with the outrageous salary and bonuses of the ministers and every civil

servant that is on the nation's payroll.

pap and lee hsien loong gov have created unnecessary numerous superfluous cost centers that is eating into the nation's resources to a point where it is unable to sustain

itself and have to rely on increasing gst to subsist.

Increasing gst to 9% is to help the poor become poorer.

 

[halsey02]

Wah lau ….you give yourself another post? What is next? Official mascot?

The kennel is already packed to the brim. Time to call in AVA to cull a few.

 

[yinyang]

Civil servants to get 0.1 month year-end bonus, lump sum payment amid economic uncertainties

The Public Service Division said that restraint would be exercised for the year-end bonus payment for civil servants this year.

https://www.straitstimes.com/singap...nus-in-dec-amid-economic-uncertainties-public
DEC 3, 2019, 7:48 AM

SINGAPORE - Civil servants will be getting a lower year-end bonus, as the Government exercises restraint taking into account prevailing economic uncertainties.

The Public Service Division (PSD) on Monday (Dec 2) said all civil servants below superscale grade will receive a year-end annual variable component (AVC) of 0.1 month and an additional one-off lump sum payment of $250 to $1,500.
Civil servants in the lower pay grades will receive a higher amount.

Meanwhile, senior civil servants in superscale grades will receive a one-off payment of $400 in place of a year-end annual AVC.

The year-end civil service AVC is the lowest since 2009, during the global financial crisis. Amid negative growth that year, civil servants received a one-off year-end payment of 0.25 month, capped at $750.

The amount announced is also significantly lower than last year's, when public officers had a year-end AVC of one month. Lower-wage officers had received a minimum year-end bonus of $1,800.

The mid-year AVC of 0.45 month, paid out in July this year, also saw a slight dip from 0.5 month last year.

Taken together with the mid-year AVC, civil servants last year received a full-year AVC of 1.5 months, compared with a total of 0.55 month this year.

In a statement, the PSD said: "Taking into account the prevailing economic uncertainties, the Public Service Division, in consultation with and with the support of the public sector unions, will exercise restraint for the year-end bonus payment."
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The Ministry of Trade and Industry has forecast that the economy will grow by 0.5 per cent to 1 per cent in 2019, with growth for the fourth quarter expected to remain modest.

The AVC, which reflects economic conditions, is typically set based on a multiple of a civil servant's monthly salary.
Commenting on the year-end bonus, National Trades Union Congress (NTUC) assistant secretary-general Cham Hui Fong noted that the outlook remains uncertain.

The public sector unions, comprising the Amalgamated Union of Public Daily Rated Workers and the Amalgamated Union of Public Employees (AUPE), thus agreed on a calibrated approach and to give more to lower-grade officers, she said.

The NTUC and public sector unions will work closely with the public sector to train workers and improve their employability, as well as ensure that they stay up to date on how the public sector is transforming itself, she added.
AUPE general secretary Sanjeev Tiwari echoed the need to keep up with sector transformation and said the lower payout is reflective of the lower economic growth expected for 2019.

He added that the unions have taken a cautious approach by having tiered payments for all, providing more to lower-income officers and less to senior officers.
"With the various transformation efforts within the public service, our focus remains on ensuring our officers are adaptable and ready for new roles," he said.

Maybank Kim Eng senior economist Chua Hak Bin told The Straits Times that lower civil service bonuses mirror weak economic performance and lower overall private wage growth.
"They reflect the uncertain and sombre economic reality," he said, adding that the private sector could take a leaf from the civil service's book when considering its own year-end payments. "Some private sector firms might benchmark their bonuses and increments against the civil service payout."

 

[yinyang]

Civil Servant Bonus 2019 Year End
https://www.salary.sg/2019/civil-servant-bonus-2019-year-end/#prettyPhoto

All non-senior civil servants will get a total of 1.1 months of bonus and a one-off grade-dependent payment at this year end, according to this PSD press release.

.. senior civil servants will receive a one-off payment of $400 in place of the year-end Annual Variable Component (AVC). All other civil servants will receive a 0.1 month year-end AVC and an additional one-off lump sum payment of $250 to $1,500 according to the pay grades of the respective officers.

This bonus consists of the standard one-month NPAA (which is commonly called the “13th month bonus”) and 0.1 month of AVC.

Both the Non-Pensionable Annual Allowance (NPAA) and Annual Variable Component (AVC) will be paid in December.
Senior civil servants will not get any AVC. Instead, they will get a one-off payment of a fixed $400.
Other civil servants, i.e. the non-senior ones, will get a lump sum payment that ranges from $250 to $1,500 depending on their respective pay grades

Junior civil servants in Grades III to V of the Operations Support Scheme (OSS) will receive the highest lump sum amount of $1,500.

If you include this year’s mid-year bonus of 0.45 month, all non-senior civil servants will be getting a total guaranteed bonus of 1.55 months for the entire 2019, excluding performance and other additional bonuses. (We understand that some civil servants can additionally receive up to 2-3 months of performance bonus, typically awarded in March. This means they may get up to 4 months+ of bonuses in total. Check out this Salary.sg Forums discussion thread.)

This years total bonus (excluding performance bonus) is 0.95 month less than last year’s AVC + NPAA, which in turn was the same as 2017’s total bonus of 2.5 months.

 

[yinyang]

 

[bushtucker]

Singapore Inc bo lui liao!

 

[laksaboy]

I already hear some MOE teacher friends complaining about this.

 

[laksaboy]

Singapore Inc bo lui liao!

Spend billions of dollars to 'close the loop' on the Circle Line MRT with just three extra stations, of course no money lah.

 

[poore]

ELECTIONS SOON

 

[winnipegjets]

Our financial situation must be pretty bad when the government can't even pay decent bonus to bribe civil servants just before election.

 

[halsey02]

The civil servants had it good for many years, there were times, when "Rome Burns", they were playing the fiddle. Were seen swamping the property launches, car launches etc..can afford to go take some swanky cuisine course etc.. while the average sinkees were wallowing in the m&d like hogs ( which they love & deserve).
Pay them more, that is still the mantra, to prevent corruption. PAY them MORE, you get good SERVICE. They deserve a higher bonus, Don't worry, sweeteners & 'balms' will be handed out very soon, stay tune. PAP is the best.

 

[aerobwala]

Our financial situation must be pretty bad when the government can't even pay decent bonus to bribe civil servants just before election.

Would this join the dots? Recently received queries from SeePeeF Borad asking why there was a drop in SeePeeF contribution, not one but two companies.

 

[mahjongking]

is there still any doubts that cpf and the reserves are empty?

 

[mojito]

Our financial situation must be pretty bad when the government can't even pay decent bonus to bribe civil servants just before election.

There has to be a catch some where. Like shifting to performance bonus to keep it opaque. May be look at total compensation for clue.

 

[yinyang]

Following civil service ‘restraint’, private sector also likely to see
lower bonuses: Analysts

https://www.channelnewsasia.com/new...l-bonus-civil-service-private-sector-12152298

SINGAPORE: Private sector employees are likely to receive lower annual bonuses in the current financial year compared to the previous year due to the headwinds that have buffeted the economy.

According to human resource analysts CNA spoke to, full-year bonuses among private sector companies should lie between 1.5 months and 2.3 months of salary.

On Monday (Dec 2), the Public Service Division said it "will exercise restraint" for bonus payments this year due to "prevailing economic uncertainties". Most civil servants will receive a full-year bonus of 1.55 months - excluding the lump sum payments - the lowest since 2009.
That year, amid the global financial crisis, civil servants received a 13th month bonus and a one-off payment of 0.25 month, capped at S$750.
Associate Client Partner at Korn Ferry Singapore Kartikey Singh said that based on their calculations, the average bonus payout for the 2019 financial year that ended in March (FY2019) was 1.9 months of salary.

This sum was around 15 per cent less than that paid out in FY2018, owing to the economic headwinds and trade tensions.

This year has continued to be tough and bonuses for FY2020 will likely fall below 1.9 months, Mr Singh said.
In November, the Ministry of Trade and Industry (MTI) announced that Singapore’s economy is expected to grow by 0.5 per cent to 1 per cent in 2019. Issues that range from Brexit to US-China trade tensions continue to weigh on Singapore’s growth outlook.

On which sectors would likely pay poorly this year, founder of NeXT Career Consulting Group Paul Heng said that retail players would likely push out smaller bonuses, while Na Boon Chong, managing director and partner at Aon Singapore added manufacturing to the list.

Both sectors contracted in the first three quarters of 2019, according to data from MTI.

BETTER BONUSES FOR THOSE IN TECH, BANKING
Even though they were hit by the slowing global economy, the experts said that financial services companies are likely to offer above average bonuses, while demand for talent means employees in the technology space stand to pocket better payouts.
READ: Companies hunt for talent as Singapore tech sector continues to grow

“While competing for scarce talent is more a base salary issue, some employers would use a higher bonus target to make the total compensation attractive,” said Mr Na.

Though the public sector bonus announcement might be taken into consideration and cause the private sector to be more prudent with their payouts, bonuses still fundamentally depend on an individual company's performance, the analysts said.

Bonuses in the private sector are typically based on financial benchmarks such as return on equity, total shareholder returns, and earnings before interest, tax, depreciation and amortisation (EBITDA), said Godelieve van Dooren, a partner at Mercer.
Some organisations are also shifting from setting individual targets to rewarding based on team performances "in order to drive higher levels of collaboration and engagement", she added.

The analysts agreed that those working in multinational corporations (MNCs) will probably get higher disbursements compared to small and medium enterprises (SMEs). The latter tend not to have formal policies on bonuses, and it is up to the company owners’ discretion to grant them.
“SMEs generally run a tighter shop, and given that cash will always be king, they are likely to be cautious and preserve cash reserves,” said NeXT’s Mr Heng.

Association of Small and Medium Enterprises’ vice-president of membership and training Ang Yuit agreed. Some SMEs will not offer bonuses, he said, while most would issues modest bonuses this year.
However, SMEs provide greater job stability even during rough times, he added. “We will try to keep our workers but spend less on bonus(es)."

 

[yinyang]

Ps: Why is our staunch Pappie JT not singing song and dance on civil service bonus?
Selective amnesia (or propaganda?)