7 in 10 S'pore employers promote staff without pay rise
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SINGAPORE: Nearly seven in 10 (68 per cent) of employers in Singapore promote their staff without giving them a pay rise. Singapore comes in third after Chile (76 per cent) and China (70 per cent) as the top three countries that adopt this practice. That's according to a survey by recruitment firm, Robert Half. It polled 1,800 human resource managers across 17 countries. In Japan, only 26 per cent of HR managers promote their staff without pay increases, with 66 per cent saying they would never use the practice. According to the survey, 53 per cent of Singapore companies promote staff to more senior positions without a rise in salary because they prefer to offer a performance bonus instead. Another 47 per cent prefer to offer their employees more flexible working hours. Additional annual leave is also offered by 35 per cent of HR managers in lieu of additional pay. Robert Half said there are risks for companies offering a promotion without a pay rise, and employers should offer adequate compensation either through pay or other benefits to retain their staff. Ms Stella Tang, director of Robert Half Singapore, said: "While pay is not the only factor employees consider, if companies do not provide adequate compensation either through pay or other benefits, then they may lose their top performers to the competition. In particular, within the banking & financial services and commercial sectors, companies are struggling to get the right finance and accounting professionals to fill jobs. "If employees with the right skills tests their worth in the employment market, they may find they have several job offers to choose from. If budget constraints mean no additional monetary compensation can be offered, the reasons need to be clearly communicated." She added that for some employees, especially those with families, offering more flexible work arrangements may be of more value than money. "It comes down to whether an employee can come to an agreement with their employer that balances their professional goals with remuneration for their efforts," said Ms Tang. - CNA/cc
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You could be called CEO.
But paid $3.80 per hour.
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Who wants to handle a greater responsibility without a corresponding increase in pay?
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some employers are damn disgusting.
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Originally posted by dangerboi:
Who wants to handle a greater responsibility without a corresponding increase in pay?
Only in Sg.
Because we need to be cheaper better and faster.
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TRIPARTITE?
Even a QUADRAPARTITE or OCTOPARTITE is useless...
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Originally posted by Fcukpap:
TRIPARTITE?
Even a QUADRAPARTITE or OCTOPARTITE is useless...
what is tripartite
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Originally posted by School Skirt Lover:
what is tripartite
involving, participated in, or made by three parties..
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yes its wat QX has explained....
but i would prefer to say three timid goondus
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Can we do the same thing to the clueless, arrogant, what do you think talent in the house ?
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cheaper better and faster singaporeans FTW
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Price increases will be less than the balance of $ 5,000. It was 0.5 in late trade, open to everyone. I barala price. Recovering quickly saw the balance. The equity is now $ 000 dollars. Time Sheets he is also hopeful. The price was reduced by more than 100 pipasa. 4 is due to close ionic tredai marajina call it.