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According to the survey, 53 per cent of Singapore companies promote without pay because they prefer to offer a performance bonus instead, while another 47 per cent prefer to offer their employees more flexible working hours. Additional annual leave is also offered by 35 per cent of HR managers in lieu of additional pay.
"Employees like a challenge, but there are risks for companies offering a promotion without a pay rise. While pay is not the only factor employees consider, if companies do not provide adequate compensation either through pay or other benefits, then they may lose their top performers to the competition," said Ms Stella Tang, Director of Robert Half Singapore.
- http://sg.finance.yahoo.com/news/pore-bosses-often-promote-without-101024257.html
"Employees like a challenge, but there are risks for companies offering a promotion without a pay rise. While pay is not the only factor employees consider, if companies do not provide adequate compensation either through pay or other benefits, then they may lose their top performers to the competition," said Ms Stella Tang, Director of Robert Half Singapore.
- http://sg.finance.yahoo.com/news/pore-bosses-often-promote-without-101024257.html