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Salary, Bonus and Double Pay
Basic Monthly Salary Change in 2009
More than half of the respondents (55%) were imposed a pay freeze in 2009. Only 28% of them received a pay rise while 17% got a pay reduction.
Basic Monthly Salary Change in 2009 (by Category)
Most respondents in Engineering and IT received a pay rise (35.97% and 35.8% respectively). For HR & Admin, 33.33% of the respondents’ salaries were increased. On the other hand, only 18.66% and 18.41% of respondents respectively in Banking/Finance and Sales had an increase in salaries, being the least among all categories.
Salary Adjustment
The increases in salary for I.T. and Engineering are the highest, with 4.23% and 4.05% respectively, followed by Design (3.57%). Only Retail Operations recorded a pay cut with 4.32%. The overall salary adjustment is 2.1%.
Bonus
Banking/Finance has recorded the highest amount of bonus received (0.5 month of salary), followed by hotel service / Catering / Travel and Sales (0.4 month). The lowest amount received is recorded in editorial / Journalism (0.1 month). The overall bonus is 0.3 months. Respondents in banking / finance and sales received the highest bonus but the lowest pay rise. This may indicate performance carries a high weighting in calculating their income compared with other job sectors.
Double Pay
Merchandising has recorded the highest double pay (0.6 month of salary), followed by Accounting, Engineering, HR & Admin. and Marketing (0.4 month). The lowest amount recorded are for Design, Editorial / Journalism, Hotel Service / Catering / Travel and Others (0.2 month). The overall double pay recorded is 0.3 month.
