SINGAPORE - Private companies thinking of taking a cue from the civil service on year-end bonuses might want to think again, the Singapore National Employers Federation advised on Tuesday .
"SNEF believes employers will be responsible and urges them to be guided by the NWC recommendations, and in particular, to take into account their company performance when they decide on their company bonus," it said. Employers that have done well but face uncertain prospects may exercise moderation in wage increases, but should still reward employees with variable payments commensurate with performance and contributions.
As the civil service is Singapore's biggest employer, its bonus is closely watched by the private sector, while statutory boards and other government agencies take their cue from it.