Dear Associates,
The Management team is pleased to announce: “2014 Year End Bonus and Annual Salary Increase 2015” as follows:
2014 Year End Bonus:
-Associates must be full time employment, maximum of one’s month salary.
-Associates employed on or prior 1 January 2014 will be eligible for full bonus amount
-Associates employed from 1 January 2014 to 31 August 2014 will be eligible for pro-rated bonus.
-Bonus to be paid in January payroll.
Annual Salary Increase 2015
-The overall target salary increment is set at a 5% increase to the previous year’s base salary level.
-Individual salary increases will be awarded after the performance appraisals (PA) are completed based on the performance appraisal ratings.
-Associates who were employed on or prior to 31 August 2014 will be eligible for the full annual increase amount.
-A salary increase will be awarded to each associates, paid with March 2015 payroll and backdated to 01 January 2015.
Attached, please find the MHG SOP of 2014 Year End Bonus and Annual Salary Increase 2015 in details for your further reference.
Happy New Year 2015!