04 Feb '11, 10pm

Banks 'unlikely to give big bonuses'

SINGAPORE - Banks and brokerages are in a much better position to reward their high-performers this year but bonuses may remain a lot smaller than the pre-crisis boom days, said human resource experts. Worst off would probably be those employed in the middle and back office of financial services, such as risk managers and IT staff. They have seen their bonuses go down by as much as 50 per cent from a year ago. Mr Neil Dyball, associate director of the financial services at human resource consultants Robert Walters, said "average" and "poor" performers have received no bonuses this year. "We must remember that a bonus is an additional way to reward 'high' performers and, since the financial services industry is all about performance, bonuses should not be a guaranteed part of your compensation," said Mr Dyball. He added that "high" performers in the financial industry have ...

Full article: http://www.todayonline.com/Business/EDC110205-0000169/Ban...

Tweets

Bonuses of two months are the norm for this fes...

todayonline.com 01 Feb '11, 5am

SINGAPORE - Sizzling business last year has translated to bumper red packets, or hongbao, for employees of Chinese towkays...

Metro Big Sale: Up to 70% off storewide! The height of the Chinese New Year celebrations may…

Metro Big Sale: Up to 70% off storewide! The he...

greatdeals.com.sg 07 Feb '11, 12am

The height of the Chinese New Year celebrations may be over but shopaholics have another reason to celebrate: Metro’s Big ...

New regulations unlikely to affect property mar...

todayonline.com 30 Jan '11, 10pm

SINGAPORE - The Monetary Authority of Singapore's (MAS) proposed new regulations to tighten mortgage equity withdrawal loa...

[CNA] Long queues at banks after LNY

[CNA] Long queues at banks after LNY

channelnewsasia.com 08 Feb '11, 11am

SINGAPORE: The rush to exchange new notes at banks before the Lunar New Year may be over, but days after the festivities, ...

Inflation worries SE Asian central banks

Inflation worries SE Asian central banks

channelnewsasia.com 01 Feb '11, 1pm

SINGAPORE: Indonesia's Central Bank may start hiking interest rates after it stood pat in its policy for the whole of 2010...