Wages fall on lower bonus

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_548077.html

SALARIES of private sector employees fell by 0.4 per cent last year, according to the Manpower Ministry's annual report on wages.

The drop, which contrasted with a 4.2 per cent increase in 2008, was due mainly to a decline in bonuses paid.

The survey was carried out from December last year to March this year and covered 4,238 private establishments.

It found that while basic wages rose 1.3 per cent in 2009, bonuses fell from an average of 2.31 months in 2008 to an average of 1.99 months last year.

Total wages - made up of basic wages and bonuses - thus fell 0.4 per cent last year. This was the first dip since the Asian financial crisis of 1998.

After adjusting for a 0.6 per cent inflation rate in 2009, real wages thus dropped by 1.0 per cent last year, the report found.

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as usual, pay will not increase as fast as inflation zz
Last yr our increment was like 10-30bucks?
well at least they never cut our wages, we should be counted lucky.

Money is not everything BUT without money, you cant do anything

i must readjust my savings target already -_-