Over 35% said they didn’t receive even a performance-based bonus.
According to the Job Outlook and Bonus survey by JobStreet.com, the average guaranteed bonus, or annual wage supplement (AWS), received by Singapore employees in 2016 beyond their 12-month salaries is approximately 1.45 months.
“However, about 30% of the respondents stated that they did not receive any AWS last year. More than 35% of respondents did not receive any performance-based bonus too,” said the online job board.
The survey also found that many job seekers are pessimistic about the job outlook, with 60.9% of them believing that it would be hard to find a job in 2017. It revealed that 68.9% of them believe that companies will likely put their expansion plans on hold and not hire new employees whilst 73% of them think that landing an interview and getting a job with good opportunities will be challenging.
“This perceived outlook slightly deviates from our market sentiments. We saw a healthy increase in the number of job advertisements since December 2016. On average, we consistently have over 40,000 jobs posted on our website monthly. Hence, we believe that companies are still on a lookout for talent,” noted Chook Yuh Yng, country manager of JobStreet.com Singapore.
The survey involved more than 400 respondents across various industries.
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