SINGAPORE (Sept 18): Over half the companies in Asia Pacific are failing to compensate their staff effectively and fairly, suggests a new study conducted by Willis Towers Watson.

According to findings from the firm’s 2018 Getting Compensation Right Survey, a third of the region’s employers are still paying incentives to employees who do not meet their expectations, while four-fifths reduce their payouts to top performers when their actual incentive funding levels fall below target.

In all, less than half of the organisations in Asia Pacific reported that their base salary programs are effective at differentiating pay and driving higher individual performance.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook