HRSINGAPORE Community Discussions
Calculation of AWS
Dear HR Professionals,
Can anyone provide the actual calculation of the Annual Wage Supplement (AWS)? What if the staff took more than 30 days of No Pay Leave. Is anyone keen to share on AWS payout criteria? Our staff's AWS will be prorated if they join us for 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 year
> 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.