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Monday, August 4, 2008

Why there is a 13-month bonus when is it really a bonus?

The cruel fact of life...
Why there is a 13-month bonus when is it really a bonus?

The mystery is finally revealed!

When the British were in Singapore, they were being paid weekly & they argued that Singaporeans were actually being cheated into believing that the 13th month pay is a bonus.

Singaporeans are being paid monthly which is equivalent to 4 weeks pay coz there are 4 weeks in a month. As the British were paid weekly, it worked out to the same. You see, there are 7 days in a week. 4 weeks in a month. 12 months in a year. Then 12 months should work out to 48 weeks only.

But 1 year actually has 52 weeks!!! Hence the 13th month is OUR own pay not bonus!??!! So, the British argued that there is in fact no bonus at all???

It is a very simple calculation that stunned many!!!!
BONUS??? What bonus???

Now you understand ?

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