How does the bonus system work in Singapore?

I've done some research and it seems like the bonus system in Singapore can vary greatly from company to company. Some companies offer a fixed bonus amount, while others offer a percentage-based bonus. I've also found that some companies offer other benefits, such as stock options or profit-sharing schemes, which can affect the total compensation package. For example, my brother's company offers a profit-sharing scheme, which can add up to an additional SGD 2,000 per year to his salary.

From what I understand, the 13th month bonus is a mandatory bonus paid out in December, which is equivalent to one month's salary. However, not all companies offer this bonus, and some may offer a lower amount. For example, my friend's company offers a 10% bonus in December, which works out to around SGD 500 for her. I think it's best to check with your HR department to see what the company's bonus policy is.

I think the bonus system in Singapore is more flexible than that. Some companies offer a guaranteed bonus, while others offer a performance-based bonus. I've worked at companies that offer a 5% to 10% bonus every quarter, which can add up to a significant amount over the year. However, I've also worked at companies that don't offer any bonuses at all, so it really depends on the company culture and policies.