Does AWS, 13th month and Bonus mean the same thing?

• peanud

  29 Mar 06, 17:15

  
• ^tamago^

  29 Mar 06, 17:16

  depends on your company
• FireIce

  29 Mar 06, 17:21

  depends on whether ur employer want to make them the same thing or different thing
• peanud

  29 Mar 06, 17:33

  Huh? Like that one ah. No way to properly define them? Some ppl I know got 2 out of the 3 leh.
• ^tamago^

  29 Mar 06, 17:38

  Originally posted by peanud:

  Huh? Like that one ah. No way to properly define them? Some ppl I know got 2 out of the 3 leh.

  but mine dun have. but i have medical benefits and allowances etc in return....
  
  it really depends on ur company lah. cannot compare apples with carrots...
• peanud

  29 Mar 06, 18:00

  Erm not actually comparing. Just want to know whether got difference or just different way of calling the same thing.
• nightzip

  29 Mar 06, 18:17

  then how does the government or CPF define it??
• photo_seeker

  29 Mar 06, 18:20

  I thought it's defined as same thing ?
• ^tamago^

  29 Mar 06, 20:01

  yes, 20%.
  
  http://www.cpf.gov.sg/cpf_info/goto.asp?prof=emp&page=/cpf_info/Publication/employer.asp&anchor=annexa
• dork3d

  29 Mar 06, 22:47

  AWS or Annual Wage Supplement is commonly known to employees as the 13th month Bonus that most companies gave out either at the year end or prior to Chinese New Year, thus basically it's the same component.
  
  As for Bonus, there are varying types of bonus that a company can give out like Performance Bonus, Variable Bonus, Profit-sharing Bonus. Different criterias and amount for each type and not all companies give. Lately under recommendations from National Wage Council, a new component is set within the monthly pay known as MVC or Monthly Variable Component, which is actually the Variable Bonus. Instead of been paid out in lumpsum, it's broken up into 12 monthly components and in times that the company doesn't do well and need to have a pay cut, the MVC will ease the load.
• mancha

  30 Mar 06, 00:05

  AWS, Annual Wage Supplement a.k.a 13 month bonus, payable to employees who are still with the company on 31 December. Purpose I think is to discourage job hopping. Also to keep the monthly salary low, so that the company can remain competitive. The co is supposed to pay more if it is doing well.
  
  Bonus, whatever name it comes with. Performance Bonus, Variable Bonus, Profit Sharing, is the extra that is declared by the co. Usually from April onwards.
  
  It is best if they are in $$$.[/list]
• newmanmback

  30 Mar 06, 00:44

  does AWOL, 7th month and brothers mean anything?
• peanud

  1 Apr 06, 23:34

  Thanks mancha and dork3d for the clarification.