The Singapore Government is urging employers to pay their workers a “special one-off SG50” bonus to celebrate SG50. Along with the NTUC and business representatives, the Singapore Government said that this one-off bonus will give “recognition of corporate achievements and contributions to national development”.
Singapore’s government-controlled mainstream media Channel News Asia quoted DBS Bank as an example, which will be giving their employees below the Vice-President position a S$1,000 bonus to celebrate SG50. SMRT was also quoted for giving its workers S$500 worth of shopping vouchers, while NTUC’s Social Enterprises will give a gift to all employers in cash or gifts to celebrate SG50.
SG50 is Singapore’s national day’s celebration to commemorate 50 years of independence. The Singapore Government has initially allocated S$5 million funding budget for the project and just recently nearly-doubled it to a total of S$9 million, because of lukewarm response from Singaporeans. The Singapore Government is however still unsatisfied with the level of ground support from Singaporeans, and appointed a full Minister, Minister of Social and Family Development Lawrence Wong, to personally push the project.
How much do you think your year-end bonus will be after your employer gave you the SG50 bonus?