26 Nov '15, 5am

[Mothership] 3 things Singapore’s civil service bonus could be tied to, apart from GDP growth https://t.co/tDopKosHDI #SGnews

[Mothership] 3 things Singapore’s civil service bonus could be tied to, apart from GDP growth https://t.co/tDopKosHDI #SGnews

Congratulations to all civil servants — you will have received 2.15 months of bonus in total for 2015. In the government’s official press release on the matter, Singapore’s Gross Domestic Product (GDP) growth rates were quoted as the reason for this year’s bonus quantum. Of course, this has been the practice of the government for years now – benchmarking civil service bonuses to our GDP growth. As with many things, we would then ask – are they really? We decided to do a bit of digging, but found fairly fast that the quick answer is YES . A quick look at the chart below suggests that since 2004, civil service bonus in Singapore has had a strong correlation with GDP growth. The best civil service bonus of 2006 (2.70 months), 2007 (3.0) and 2010 (2.5) were paid on years which recorded near double-digit growths (and beyond). Statistically speaking, the correlation co-efficient...

Full article: http://mothership.sg/2015/11/3-things-singapores-civil-se...

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