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Post by jeloboy on Oct 22, 2008 14:42:46 GMT 7
Why is there a 13 month bonus when its really isn't a bonus? The mystery is finally revealed!!!When the British were in Singapore, they were being paid weekly & they argued that Singaporeans were actually being cheated into believing that the 13th month pay is a bonus. Singaporeans are being paid monthly which is equivalent to 4 weeks pay coz there are 4 weeks in a month. As the British were paid weekly, it worked out to the same. You see, there are 7 days in a week. 4 weeks in a month. 12 months in a year. Then 12 months should work out to 48 weeks only. But 1 year worked out to 52 weeks!!! Hence the 13th month is your own pay, not bonus??!! So, the British argued that there is in fact no bonus at all??? It is a very simple calculation that stunned many!!!!
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Post by hiroki1998 on Oct 22, 2008 14:47:05 GMT 7
Good one. I always thought it was for Christmas bonus. ;D
At least my company pays every 2 weeks so there are months that you can get paid 3x. No "kulang" weeks.
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Post by Neil on Nov 14, 2008 21:46:10 GMT 7
I was surprised more that I won't be getting a 13th month "bonus"
after consulting with "legal", I found out the hard way that there are certain kinds of companies that are not obligated by law to provide the so-called "bonus"
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Post by ligerzerho on Nov 15, 2008 7:00:41 GMT 7
I was surprised more that I won't be getting a 13th month "bonus" after consulting with "legal", I found out the hard way that there are certain kinds of companies that are not obligated by law to provide the so-called "bonus" Huh??? Are you sore about that sir??? I was under the impression that the 13 month pay is mandatory...but the bonus isn't. This means that profitable and large companies give both a bonus and the 13 month pay while smaller companies give only the 13 month!
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Post by Neil on Nov 15, 2008 12:33:48 GMT 7
uhm, there are 3 (unfortunately) articles - in our labor code - being used by the bosses to explain why we will not get a 13th month pay.
something that has to do with my work being paid per project, us being a company with less than 10 employees (yep, we're just starting), and us being registered in the gov't as special services (grawrrr!!!!)
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Post by ligerzerho on Nov 15, 2008 14:55:49 GMT 7
I see....
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