Short-term incentive eligibility is 75% for professional levels and above. Target bonus levels range from 2% to 50%, with maximum target bonus levels of 90%. Actual bonus levels paid stand at 0% to 50% of base salary.
Mandated Vacation Allowance: Mandated
Employees are entitled to 28 days’ annual leave, which includes public holidays.
Supplemental Discretionary Vacation: Prevalent
Companies provide 23 – 25 days’ basic allowance (plus eight permanent bank and public holidays), with additional leave being granted for length of service or seniority.
Additional Salary Payment: Not Prevalent
Additional salary payments are not commonly provided by employers.
Transportation Allowance: Note Prevalent
Transportation allowances are not a typical market practice.
Car Benefit: Common
At management and senior management levels, a car benefit is provided and is typically a choice between a car and a car allowance. Companies also provide cars to all employee levels based on business need.
Meals Allowance: Not Prevalent
Meals allowances are not a prevalent market practice.
Other Cash Allowances: Occasional
Shift allowances and overtime are the most common forms of other cash payments.
