bonus

Singapore firms plan to dial back on raises, bonuses amid uncertainty: survey

Over one-fifth of companies intend to give out increments of less than 3%

Under a new programme, Samsung Electronics will grant payouts to staff over three years based on Samsung’s stock price starting this October through October 2028.

Samsung plans bonuses tied to share price in major pay overhaul

The move underscores the firm’s effort to address growing dissatisfaction within the ranks

Comparing Meta to his company, Sam Altman said that “OpenAI has a much better shot at delivering on superintelligence.”

Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman

The social media titan has invested billions of dollars in artificial intelligence technology amid fierce competition in the AI race

The Ministry of Trade and Industry has maintained its full-year outlook range at 0 to 2%, having downgraded it from 1 to 3% in April.

Civil servants get 0.4-month mid-year bonus, marginally lower than in 2024

Junior officers will receive an additional one-time payment of up to S$400, up from S$250 last year

The court’s decision is likely to be closely watched by other parties affected by the demise of Credit Suisse.

Swiss court rules Credit Suisse bonus cuts were unlawful

The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland’s Federal Administrative Court

The bonus pool for employees in New York City’s securities industry surged to a record US$47.5 billion for 2024, the highest in records dating back to 1987.

Wall Street bonuses jump 32% as total surges to record

One in every 11 jobs in the city is either directly or indirectly associated with the securities industry

The pool was also affected by a new remuneration system which allows for a larger number of staff to receive bonuses, the bank said.

Deutsche Bank bonuses rise to decade high on trading, deals

Germany’s largest lender awarded 2.5 billion euros (S$3.62 billion) in variable compensation to staff for their work in 2024

Workers will also receive an additional three-month bonus.

20 months’ pay in year-end bonus for staff at Taiwan shipping giant Evergreen

A TAIWANESE company that is known for giving employees big bonuses has done it yet again.

Pay increments may be preferred, but alternatives such as flexible work arrangements aren't bad options either.
WORKING LIFE

Alternatives to pay rises becoming increasingly viable 

A large percentage of Singaporeans say a sense of meaning in their careers is important

The bonus payment takes into consideration an upgrade growth domestic product forecast for Singapore for this year.

Singapore civil servants to get 1.05-months year-end bonus, up from last year’s 0.6-month

Junior officers will receive an additional one-time payment of S$600