Of all companies surveyed, 88.3% provided performance bonus or year-end bonus to staff in 2007. Among them, 66.1% provided the bonus on a guaranteed basis.
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Performance Bonus in 2007 – by Business Sectors
For performance bonus, in terms of business sectors, Freight Forwarding / Delivery / Shipping provided the highest average performance bonus in 2007 (3.0 months of the basic salary), followed by Retail Sales / Services (2.2 months), Engineering (2.1 months) and Hospitality / Catering (2.1 months).
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Performance Bonus Adjustment – by Business Sectors
In 2008, the overall predicted adjustment of performance bonus is 1.6 months, a slight increase from 1.5 months in 2007. In terms of business sectors, Freight Forwarding / Delivery / Shipping is expected to receive the highest average performance bonus in 2008 (2.5 months), followed by Financial Services / Insurance / Accounting (2.3 months) and Retail Sales / Services (2.3 months).
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Performance Bonus in 2007 - by Employee Levels
The overall average amount of performance bonus for top / senior management in 2007 was 2.2 months (of the basic monthly salaries), for middle management / non-managerial professionals was 1.5 months, for supervisory officers was 1.4 months, and for clerical / frontline was 1.2 months.
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Performance Bonus Adjustment - by Employee Levels
The overall average amount of performance bonus for top / senior management in 2008 is 2.3 months, for middle management / non-managerial professionals is 1.6 months, for supervisory officers is 1.4 months, and for clerical / frontline is 1.2 months. Comparing 2007 and 2008, the overall adjustment in performance bonus in terms of employee levels is small. The amount of increase for top and middle management levels is only 0.1 month. For the other two employee levels, there is no change in the amount.
The difference in the amount between top / senior management and middle management / non-managerial professionals is large (0.7 month) compared with the difference in other employee levels (0.1 to 0.2 month) in 2008.
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Year-end Bonus in 2007 – by Business Sectors
In 2007, in terms of business sectors, Freight Forwarding / Delivery / Shipping had the highest amount (1.3 months of the basic salary). General Manufacturing recorded the lowest amount (0.9 month).
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Year-end Bonus Adjustment – by Business Sectors
Adjustment in 2008
For year-end bonus, the average amount expected in 2008 is the same as the figure in 2007 (1.1 months of the basic salary).
Highest Amount
In 2008, Human Resources Management / Consultancy is expected to get the highest amount of year-end bonus (2.0 months of the basic salary), followed by Engineering (1.3 months).
Largest Increase
Among all business sectors, the largest increase from 2007 to 2008 is recorded in Human Resources Management / Consultancy (81.8%, 1.1 months to 2.0 months).
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Year-end Bonus in 2007 – by Employee Levels
In 2007, the overall average amount of year-end bonus for top / senior management was 1.2 months (of the basic monthly salaries), for middle management / non-managerial professionals was 1.1 months, for supervisory officers was 1.1 months, and for clerical / frontline was 1.0 month.
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Year-end Bonus Adjustment – by Employee Levels
In 2008, only the overall average amount of year-end bonus for clerical / frontline has an increase (to 1.1 months). Therefore, the increase in the amount of year-end bonus expected for 2008 in all employee levels is small (0 to 0.1 month).
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