Sheng Siong is rewarding employees for performing ‘tremendously well’ in 2020
Supermarket employees in Singapore will finally be rewarded for their efforts in handling panic buyers and long queues – even throughout last year’s Circuit Breaker.
In a memo seen by HRD, Sheng Siong announced healthy payouts for their frontline employees including one-month AWS (annual wage supplement) also known as the 13th month bonus.
The bonuses also come on the back of the company’s “tremendous” performance in 2020, where they saw a revenue of over $1 billion in the first nine months alone – almost double their figures the year before.
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According to the memo, which was published by Today, payouts range from 5 to 16 months’ bonus, depending on the workers’ job roles. Sheng Siong clarified that part of the bonuses have been ‘pre-distributed’ since September, with remaining amounts to be paid by March this year.
Employees total bonuses will look something like this:
- Part-time workers – 4.68 months
- General staff members – 8.36 months
- Assistant supervisor to senior executive levels – 12.04 months
- Assistant manager and above – 15.72 months
The figures are at least one month more than 2019, with the highest jump seen for assistant managers, who will get about five months more compared to the year before.
Calculations will be based off the employee’s salary and position held in December, and those who have not completed one year of service as of the 31st will be entitled to a pro-rated amount.
“After going through a turbulent year in 2020, our management is pleased to announce that we have performed tremendously well as compared to previous years,” they wrote in the memo. “Hence our variable bonus has increased.
“As promised by management, all eligible employees are entitled to 20% of our group’s profit before tax as variable bonus.”