Over half of Singaporeans are paid a bonus on meeting KPI's

Turns out companies are complying with 89% of employees in the private sector found to be under some form of flexible wage system as at end of 2010.

The Ministry of Manpower noted:

As at December 2010, nearly nine in every ten or 89% of employees in the private sector was under some form of flexible wage system, up from 85% in 2009. Large establishments with at least 200 employees continued to lead in the implementation, with 94% of their workers having at least one key wage recommendation in their wage system, up from 90% in 2009. Similarly, the proportion of workers in small and medium enterprises (SMEs) with some form of wage flexibility increased from 79% in 2009 to 82% in 2010, though this remained below the proportion in larger establishments.

Having a narrow maximum-minimum salary ratio (involving 64% of workforce) remained the most common recommendation adopted by the private sector. This was followed by linking variable bonus to KPI (57%) and having MVC (35%) in the wage structure. The share of employees in establishments that had narrowed/were narrowing the wage ratio (64%) improved over the year from 59% and the coverage of workforce with variable bonus linked to KPI (57%) also rose from 54%, while the share working in establishments with MVC (35%) was the same as in 2009.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia