Friday, January 19, 2007

13th Month Pay

Have read a few interesting articles and would let to share.

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 approximately equivalent to 4 weeks pay cause 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 in real life one year is 52 weeks. Hence the 13th month pay (bonus).

So, the British argued that there is in fact no bonus at all???

No comments: