Philip Chua Business Blog

Posts Tagged ‘pay’

THE financial crisis put the squeeze on executive pay last year, with almost half of the top brass at Singapore's leading firms having their salaries frozen or even cut. A survey has found that 44 per cent of chief executives, chief financial officers and business unit heads saw their salaries staying flat or falling last year, compared with 23 per cent of executives in the 2008 financial year. ... more

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.