Financial services professionals based in Singapore – Southeast Asia's financial hub – have high hopes for bonuses this year, according to a new survey.
Almost three quarters of the individuals surveyed in the city-state expect to receive a bonus this year, a global poll of 4,642 employed finance professionals by recruitment firm eFinancialCareers found. This is the second highest after Hong Kong and Germany, which tied for first place with 83 percent of respondents anticipating a bonus.
Reflecting optimism over their remuneration prospects, 50 percent of the Singapore-based participants said they expect a bigger bonus than last year. Most cited positive personal or company performances as the main reason for this. Meanwhile, 50 percent of respondents said they expect a pay increase in the next six months.
(Read more: Executive pay: Bonuses down, pay freezes up)
"Results from the survey indicate that basic salaries have increased and that people don't expect this uplift to come at the expense of their bonuses," said George McFerran, managing director, Asia Pacific at eFinancialCareers.