Saw this date post. If this is true, why many employer dun give 13th month?
Hi all,
Interesting fact and I think that we have been short changed.
Let me tell you a story about 13-month bonus......
Why there is a 13-month bonus when it is really isn't a bonus?
The mystery is finally revealed! When the British were in Singapore , they were being paid weekly & they argued that Singaporeans were actually being cheated into believing that the 13th month pay is a bonus.
Singaporeans are being paid monthly which is equivalent to 4 weeks pay coz there are 4 weeks in a month. As the British were paid weekly, it worked out to the same. You see, there are 7 days in a week. 4 weeks in a month. 12 months in a year. Then 12 months should work out to 48 weeks only.
But 1 year actually has 52 weeks!!! Hence the 13th month is your own pay not bonus??!!). So, the British argued that there is in fact no
bonus at all???
It is a very simple calculation that stunned many!!!!
BONUS??? What bonus??? .
Now you understand ?
http://forums.sgclub.com/singapore/13th_month_bonus_4917.html