Singapore employees are set to have a better time as local bosses are tipped to dish out the biggest bonuses in Asia this year.
They can expect a median bonus equivalent to about 17 percent of their annual base pay, or roughly two months' salary for their performance in 2010, local daily The Business Times reported on Monday.
This is higher than last year's payout at about 15 percent of their base salary for the year, or 1.8 times the monthly salary, the paper quoted a latest survey as saying.
The poll, conducted in November, covered 934 companies in Asia, including 85 in Singapore. The 2011 bonuses are found to be highest in Singapore than elsewhere in Asia, including two emerging economies.
Indonesian employers are tipped to hand out bonuses of 15.4 percent, an equal to the forecast for Malaysian bosses. The forecasts are 16.7 percent for China, 15.6 percent for India, 15 percent for South Korea and Vietnam, and 14.3 percent for Japan.
However, the HR Business Solutions, which conducted the survey, said the differential between the biggest and smallest median bonuses is just 2.7 percentage points, reflecting strong economic rebound across the region.
Singapore even recorded a spectacular economic growth of 14.7 percent in 2010.