Bonus Rolex watch, 6 months salary at Asian companies 3
Late last month, comedian and content creator Kelvin Tan, also known as Mayiduo (Singapore), attracted attention on social networks when he awarded Rolex watches to 7 employees, worth a total of 150,000 Singapore dollars (111,500 USD).
Mayiduo has a hobby of rewarding good employees with Rolex watches.
`In this day and age, if you are a boss who keeps all the profits for yourself, you will never get far. Take care of your team and your team will automatically take care of your business
Mayiduo gave a Rolex watch to one of the 7 employees.
Announcing year-end bonuses before the Lunar New Year is a common practice for many businesses in Asia.
Accordingly, Eva Airways rewards employees with 6 months’ salary, the highest since the company’s establishment.
The generous move comes as the airline recorded a 45.11% increase in consolidated revenue in 2023 compared to 2022, to a record of NT$200.36 billion (US$6.4 billion).
Eva Air staff took photos at the opening of the Taipei – Clark route (Philippines) in March 2023.
China Airlines gives employees a bonus of five months’ salary, plus a cash gift of NT$20,000 (US$640), along with an announcement of an average salary increase of 4%.
Another company, Tigerair Taiwan, gives employees a bonus of 2 months’ salary, along with an additional 2-month bonus plan in advance, for a total of 4 months’ salary.
However, the overall bonus picture in Taiwan decreased compared to the previous year.
The business and commercial services sector leads with an average bonus of 1.93 months.
1111 Job Bank public relations director Tseng Chung-wei said 2023 is a year of economic recession.
In mainland China, the situation is similar.
Surveying about 50,000 employees in big cities like Beijing and Shanghai, only 20.2% said they would definitely receive a bonus, down 6.7 percentage points compared to 2023. About 39.4% were not sure.
The average expected bonus is 6,950 yuan ($968), down 1,478 yuan ($246) from the previous year.
The most generous this year in China were media, auto and financial companies.
By region, Beijing office workers receive the highest bonuses, an average of about 10,298 yuan (1,450 USD), followed closely by Shanghai with 10,070 yuan (1,417 USD) and Shenzhen with 9,971 yuan (
In the Macau special region, a common bonus for resorts and casinos for employees is one month’s salary.
Meanwhile, the developer and operator of the Sands China resort also awarded a month’s salary and good news.
Specifically, full-time employees with a monthly salary of up to 13,000 Macau patacas (1,616 USD) will receive a salary increase of 4.7-5.4%.
Wilfred Wong, Chairman of Sands China, expressed his gratitude to the company’s employees.
