Philip Chua Business Blog

Posts Tagged ‘pay’

Pay attention to the bond market. The ten year Treasury closed at 3.80% on Friday. It has risen 0.65% since November 27th. The yield curve difference between the two and ten year Treasury notes is the steepest on record. Thirty year fixed mortgages were 5.28% on Friday, up 0.32% in…

MORE than two-thirds of local respondents to a recent survey said they expect a pay rise and an annual bonus soon.

Recruitment firm Ambition said yesterday that of the 489 Singapore-based hiring managers and human resources professionals polled in October, 68 per cent expect their companies to pay higher salaries in 2010, as well as annual bonuses for 2009.

This is a ‘healthy turnaround’ from … more

S’pore workers can expect 3% pay rise next year: survey
By FELDA CHAY

SUFFERED a pay cut or freeze this year and wondering when your wages will increase? A survey by human resource firm ECA International shows that employees here can expect a 3 per cent salary increase as early as next year, and only 11 per cent of companies surveyed are proposing a pay freeze for 2010.

The ECA Salary Trends… more

The Government will not remove employers’ legal option to cut a worker’s pay at age 60, but Manpower Minister Gan Kim Yong wants bosses to show fairness and flexibility.
Weighing in on the issue after the labour movement’s call to review the longstanding practice, he agreed yesterday that companies should not automatically resort to a 10 per cent salary cut – the maximum allowed by law – without c… more

Reuters – The Obama administration’s pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter.

The Federal Reserve is preparing what would be the most sweeping rules yet to regulate the pay at banks across the country.

Reuters – The U.S. pay czar has begun reviewing the appropriateness of the richest pay packages proposed by firms that received billions of dollars in government aid.

Citigroup Inc says two of its traders are exempt from a government review of the bank’s top executive pay packages, The New York Times reports.

Reuters – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and “binding” authority over executive compensation, including the ability to “claw back” money already paid, and he is weighing how and whether to use that power.

Reuters – Citigroup Inc energy trader Andrew Hall is proposing to modify his contract in an effort to avoid a confrontation with the Obama administration’s pay czar, The Wall Street Journal reported on Thursday, citing sources familiar with the situation.