Tag: Employers

  • The Truth Behind Your 13th Month “Bonus”

    The Truth Behind Your 13th Month “Bonus”

    There is only 12 months in a year. When you get paid a ’13th month’ of wages, you will feel delighted, no? No. Why do you think footballers in the English Premier League are paid weekly?

    Ponder over these points.

    Unless you are on commission or special bonus wage schemes, chances are you are paid a fixed amount of money monthly in Singapore.

    Is there a possibility you get paid $10/hour on some days and $12/hour on some days in your course of work over the year? Of course not. You get paid the same rate year in year out, until you get a raise. If that’s the case,

    “Why are you paid the some amount of money in January and February?”

    If you still don’t get it. There are 31 days in January and there are 28 (normally) days in February. The question now – are you overpaid for February or underpaid in January? You choose what you want to believe in.

    To me, February is the only month you get paid correctly in the whole year in Singapore. Employers in Singapore will never overpay you in February. Fat hope and you know it. There are four weeks in a month and we get paid for 28 days in a month. that’s it. Straightforward.

    In short we are underpaid in every other month other than February.

    January – 3 days
    March – 3 days
    April – 2 days
    May – 3 days
    June – 2 days
    July – 3 days
    August – 3 days
    September – 2 days
    October – 3 days
    November – 2 days
    December – 3 days

    3 + 3 + 2 + 3 + 2 + 3 + 3 + 2 + 3 + 2 + 3 = 29 days.

    The shorter way to calculate this would be:

    1 month 4 weeks.
    You get paid 12 times a year = 12 x 4 = 48 weeks.
    There are 52 weeks in a year. 52 – 48 = 4 weeks unpaid

    The fact is that Singapore employers hold 29 days of your pay over the year and could refuse to pay you your rightful money if you did not ‘perform’. Even if they do it, that meant many employees in Singapore did not get any bonuses from their companies at all. The 13th month is your pay. It is Not a bonus!

    In reality, if they pay us back the ’13th month bonus’, they employer still owe us 1 day’s wages (29 – 28) and get away with it year after year, decade after decade. If you leave the company before the year is up your ’13th month bonus’ is forfeited instead of pro-rated. That’s robbery.

    This is ridiculous. The manpower laws in Singapore are not stopping the businesses against such unfair practices and the NTUC is not doing their job fighting for the rights of workers.

    The next time you receive your “13th month bonus”, ask yourself why are you feeling so happy getting back what you deserve in the first place?

     

    Source: www.allsingaporestuff.com

  • Singapore Employees “Under Happy”

    Singapore Employees “Under Happy”

    SINGAPORE: Employees in the Republic “can be happier”, according to the results of the National Workplace Happiness Survey 2014 revealed on Tuesday (Nov 11).

    The nation’s overall workplace happiness index is 59, which falls into the band “Under Happy”, between “Unhappy” and “Happy”.

    The survey was jointly conceived and organised in April by the Singapore Human Resources Institute – a not-for-profit organisation representing over 3,000 human resource professionals – and Align Group, a people consulting research firm. It was done to obtain a national benchmark on workplace happiness with a scientific measurement.

    The survey polled around 5,600 people in online questionnaires and 94 per cent of the respondents are Singaporeans or Permanent Residents. They were asked about various aspects such as job satisfaction and well-being. Their responses were then mapped to an index with three bands: “Unhappy” (0-50), “Under Happy” (51-67) and “Happy” (68-100).

    The results show that more can be done to make workplaces in Singapore happier, said Erman Tan, president of the Singapore Human Resources Institute. “From the HR perspective, there is more that the employer can do to let our employees feel a sense of empowerment.”

    SMALL AND MEDIUM ENTERPRISES VS MULTINATIONAL CORPORATIONS

    Industries with the highest happiness rankings are charity and social services and education, while those with the lowest rankings include logistics and supply chain, and banking and financial services.

    Employees of voluntary welfare organisations and local small-and-medium enterprises (SMEs) are also happier at work, compared to those in multinational corporations.

    Said Align Group’s managing director, Low Boon Seong: “The reason could be that SMEs give employees more participation and more autonomy, and probably the staff are able to see how they shape the company’s growth, so I think this spells opportunities for SMEs in terms of their talent attraction and retention strategies.”

    SALARIES HAVE LOW IMPACT ON HAPPINESS

    The top happiness drivers include brand identity, culture and positive emotions. Of 28 factors, salary and benefits rank as having the least impact.

    Mr Low commented: “I think we can understand that for salary level, once you achieve a certain baseline, any increment would be marginal in terms of affecting how happy a person feels, and people will start to look at the higher factors.”

    WOMEN SEEM HAPPIER THAN MEN

    Women also seem to be happier at work than men, with a slightly higher index. One factor with a significant impact for women is whether they are treated fairly at work. For men, it is the hope of a better future at work.

    GENERATION X ANGST

    Among the different age groups, Gen X – those born between 1964 and 1980 – are the least happy at work, with an overall index of 58. For Baby Boomers – those born before 1964 – the index is 64.4. Meanwhile, the score for Gen Y – those born after 1980 – is 58.5.

    Mr Low described Generation X as “the sandwiched class”. He said: “This is consistent with other studies out there, probably because of the burden they have to carry in terms of managing older parents and younger kids.”

    ENGAGING EMPLOYEES

    Survey organisers feel the findings can help employers enhance HR policies. Mr Tan said: “People want to have some form of control over their career, over their work-life arrangement. They also want to be given a better direction, what sort of areas they can grow with the organisation.

    “I think the HR practitioners and employers need to sit down and understand the individual staff needs better. With that change of thinking, they will be able to enhance their current HR policy to make sure that there is a better engagement of the employee, and boost morale and productivity.”

    But organisers also acknowledge that there are limitations. As the English-language survey is done through electronic channels, the responses gathered are from those who have access to computers or smartphones.

    The profile mix is considered to be representative of the white-collar working population in Singapore. Organisers said that it would be interesting to compare the result of the survey with one that focuses on blue-collar workers.

    They added that some of the interesting dimensions can be analysed with more depth, possibly through a more precise study.

     

    Source: www.channelnewsasia.com