Bright spot for private sector bonus, but not all sectors will see gains

Singapore

EMPLOYEES in the private sector have some reason to cheer this festive season, as the outlook for bonuses has brightened somewhat on the back of Singapore's better-than-expected economic growth this year.

But they might want to hold back on the champagne and confetti as not every sector stands to gain, say HR analysts. Given that many sectors have yet to benefit from improved economic conditions, soaring bonuses across the board in 2017 is going to be unlikely.