The truth behind the “13th month bonus”
Let me tell you a story about 13-month bonus …
Why there is a 13-month bonus when it is really isn’t 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 your 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?