HRSINGAPORE Community Discussions
Calculation of AWS
Dear HR Professionals,
Anyone could provide the actual calculation of AWS? What if the staff took more than 30 days of No Pay Leave. Anyone keen to share on AWS payout criteria? Our staff's AWS will be prorated if they join us less than 12 months. What is the cut off date to prorate their AWS? Is there any better method for further improvement?
AWS / Bonus Tabulation :
= (Basic Salary / 365 days) * Working days in 2018 = AWS amount to be paid
= For example, ($2600 / 365) * 121 days = $861.92 to pay out as AWS/ Bonus
(If say, Employee A = Hired Date : 31/08/2018; Working days = 123 days; Minus 2 Unpaid leave. Total Working days in a calendar year = 121 days)
> Salary = Depends on company basing on Basic salary or Gross salary because some organisations have additional components in pay.
> 365 days = One full calendar yeaer
> Working days in 2018 = Actual worked days (including off days in a week and excluding Unpaid leave days)
> Non-confirmed staff aren’t eligible.
> Payout is based on Jan to Dec (01 calendar year).
For new employees, they must be confirmed by 31 Dec to be eligible for pro-rated aws. We use calendar days from joined date to compute pro-rated aws. No pay leave will be deducted from calendar days to compute AWS.
POST YOUR MESSAGE TO THE HR COMMUNITY BELOW
STILL NOT SURE? CALL US
(65) 6337-8016 or 6338-5816, 9 am to 5 pm, Mondays to Fridays
• We have the sole discretion in determining which messages or notes are appropriate, and editing and excluding any messages or notes.
• As your messages will be seen by others, please refrain from posting messages that you can be held legally liable for.
• We are committed to protecting our members from spam or unsolicited e-mail and we will remove and ban subscribers who propagate spam and those involved in harvesting activities. If you receive a spam message from a subscriber, forward the message to us.