Career & Education
No salary increment and lower bonus for the year
By Finance Smiths  •  March 23, 2021
I received my remuneration outcome from my performance review for last year (2020) – No salary increment and a 20% drop in the annual bonus. It’s worse than what I got for the year before (2019) but in line with my expectations. After all, it was a bad year for the bank and it had taken a hit on its profits. It’s still nice to have a financial reward for the work and effort I put in at my job. But I have to do something about my base salary as it has stagnated in the past few years. Seems like the only way to get a decent pay rise is to move externally to another role somewhere else. It’s a difficult decision to make because I do enjoy working with my manager and the work itself is engaging enough. The workload is not too heavy and my flexible work arrangement...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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