View Full Version : SQ Profit sharing
marcus 747
17th Jul 2011, 00:42
Can anyone enlighten me about the SQ profit sharing how much do you get each year?
millerscourt
17th Jul 2011, 06:35
The highest I got was S$75000. The lowest S$0
etops777
17th Jul 2011, 07:16
Mainline and Silk got 3.4 months while SQ Cargo got 2.4 this year.
overmars
18th Jul 2011, 01:34
I think Silkair actually got 4.5 months.
etops777
18th Jul 2011, 12:19
Overmars
Really! Then my friend in Silk must have lied to me:eek:
Patty747400
18th Jul 2011, 14:09
Marcus.
What we got this year or 2005 is irrelevant. If you plan to join, plan on getting nothing. Anything more than that should then be a pleasant surprise. If you budget your life in Singapore on profit sharing... Brace for impact...
Best of luck!
parabellum
18th Jul 2011, 21:53
Really! Then my friend in Silk must have lied to me
Possibly not so much a deliberate lie as a case of including the thirteenth month pay with the profit sharing bonus, as people sometimes did, not sure why though as they are very separate items.
Jr. Airman
19th Jul 2011, 18:32
Not quite correct on both accounts re Silkair.
Silkair as a company made a siginificantly greater profit compared to mainline. As part of the agreement when it was spun off was that for the first couple of years the bonus of staff would be tied mainline on a sliding scale. So in this years case if Silkair were independent they would've got 6+ months but the agreement limits them to only 1.1 above mainline. This though is the last year and from 2012 onwards they're on their own.
fatbus
20th Jul 2011, 02:02
Are their base wages about the same, SAI,Silk and SAIC ?
overmars
20th Jul 2011, 02:52
Silkair's Profit Sharing Bonus (PSB) formula just ended this year. As part of their formula, they have a +/- 1.5 months bracket to SIA's bonus. This year, SIA received 3.35 months bonus. Silkair received 4.85 months bonus. SIA Cargo received 2.4 months bonus.
All these figures do not include the 13 month pay because, as mentioned, is not a bonus.
The basic wages of SIA, SIAC and Silkair are different. Ok, SIA and SIAC are more or less equal. And, I can only be sure for Silkair, their FOs get a higher basic pay compared to the rest of the company.
In the heydays, SQ paid 9 months bonus to all staff (from aircraft interior cleaners to management) if I recall the year correctly it was 1983.