Bonus Formula

Bonus Formula

Is it common for the bonus formula to be mentioned in Collective Agreements (CA)? And do they differentiate bonus plans for union & non-union employees?

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Public Holiday Overtime

Overtime Rate for Public Holiday

Learn the best practices for handling public holidays falling on Saturdays in a 5-day work week! Join us and get expert advice on how to manage compensation and off-in-lieu policies effectively.

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Sign On Bonus

Sign-on Bonus

Question Dear all HR Practitioners, Would like to know if your companies offer sign-on bonus for some critical positions or niche skills set positions. If you do, could you share briefly the quantum and the terms for this sign-on bonus for new hires. Daphne Reply 1 To have sign on bonus or so-called joining bonus for newly hired employee, it is advisable to specific a contract period of employment & other simple terms & conditions i.e. 1 Year Also, to state the penalty should one fail or unable to fulfill the employment terms. The amount is subject to management decision which can go up to $5,000/- depending on the designation & job tasks requirements. Season Full Name* Job Title Organisation or Individual* Email Address* Contact Number* Subject* Your Message* </textarea>

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