Bonuses

Among all companies surveyed, 77% provided performance bonus, of which 12% provided guaranteed performance bonus, 7% more compared with last year.

For performance bonus, companies with 101- 200 staff provided the highest average performance bonus in 2014 (1.7 months of basic salary). The overall performance bonus provided by the surveyed companies is 1.4 months.

The predicted performance bonus in 2015 is expected to be similar with 2014. However, companies with less than 50 employees are expected to see a decrease in performance bonus (from 1.4 months to 1.3 months).

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For performance bonus in 2014 in terms of business sectors, property development sector provided the highest average performance bonus (3.0 months of the basic salary), followed by financial services sector (2.8 months).

The predicted performance bonus is expected to be the same in 2015 across most business sectors, the highest performance bonus is still expected to be found in the property development sector. Only few business sectors are expected to have an increase (0.1 – 0.3 months) in performance bonus, while the engineering – electrical/electronic/mechanical sector is expected to have an obvious decrease (from 2.1 months to 1.3 months).

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In terms of employee levels, the average amount of performance bonus in 2014 was 1.8 months (of the basic monthly salary) for top / senior management , 1.5 months for middle management / non-managerial professionals, 1.1 months for supervisory / officers, and 1.2 months for clerical / frontline staff.

The predicted performance bonus for most employee levels in 2015 is expected to increase compared with 2014, except the clerical / frontline staff level.

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Among respondents who provide performance bonuses, 79% of them issue the bonus once per year which is the major common practice. 4% of respondents indicated that they issue performance bonuses 4 times per year.

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Among companies which provided performance bonus, 34% of them issued the bonus in January. While, February and December are also popular timing for issuing performance bonus.

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Among all companies surveyed, 56% of them provided guaranteed double pay in 2014.

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In terms of business sectors, clothing/garment/textile sector and electronics/electrical equipment sector reported 100% providing double pay.

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