HRSINGAPORE Community Discussions
Bonus for Re-employment Staff
Would like to check how your company practices bonus payment for the staff who enter into re-employment contract when staff turn 62 years old.
1. Do you pay variable bonus in the year when the staff enters into 1st year of re-employment contract?
2. If so, do you prorate variable bonus?
3. Or you do not pay variable bonus in the year when staff enters into re-employment?
Your input is much appreciated.
We still continue to pay variable bonus in the year when the staff enters into 1st year of re-employment contract and we do not pro-rate variable bonus.
We are in the finance industry.