21/12/09
Poll Results: How much bonus are you expecting to get this year?

219 respondents responded to our poll on the number of months of bonus they expect to get this year. Results of the poll indicate mixed sentiments as 2009 draws closer to an end. While close to 4 in 10 (39%) do not expect to receive any bonus this year, one-third (33%) expect to receive about 1-2 months' bonus. 14% expected to receive less than 1 month’s bonus while 14% expect more than 3 months’ bonus.

.

The rising trend of positive sentiments could be due to a number of reasons. Recently, it was announced that Singapore's exports rose for the first time since May 2008[1]. After a 19 month long hiatus, the trade industry is finally showing signs of growth again. The government announced a projected growth of 3 to 5% next year for the economy. On the other hand, private sector economists expect a 5.5% growth in 2010.

Also, the manufacturing sector showed a ‘surprise rebound’ in the third quarter of 2009[2], signifying a possible growth in the fourth quarter as well. All these points help to paint a better outlook for the economy as the year comes to a close. The Singapore economy is at long last heading towards stability and growth in the coming year.

On the flipside, the Ministry of Manpower warns that although the economy is picking up, the labour market is likely to take a longer time to stabilise[3]. Therefore, it is not surprising that some Singaporeans choose to keep their expectations low and remain cautious as 2010 approaches.

If you have something to say about this issue, tell us what you think on the JobsCentral Forum here: http://forum.jobscentral.com.sg/showthread.php?p=9692#post9692