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Thursday, October 23, 2008

Salary revision for civil service?


The verdict is still out on whether the Civil Service will see a revision in salaries.

It is still too early to find out if civil service employees will see the salaries dip, or remain the same, in the face of the current economic recession.

In response to media queries, the Public Service Division issued the following statement: "Civil Service salaries are reviewed and revised regularly to keep in line with the private sector. Civil Service salaries have thus gone up and down in line with private sector salaries.

"In the salary revision of 2007, a significant part of a senior civil servant's annual pay was structured as a GDP Bonus. The GDP Bonus - first introduced in 2000 - is linked to the GDP growth rate. If the GDP growth rate falls, the GDP Bonus will also fall, resulting in a reduction in the annual salaries of senior civil servants.

"Salary data on the private sector is still being compiled. Given the recent turmoil in the financial markets and revised economic forecasts, the Public Service Division will need some time to study the data and salary trends before coming to a decision."

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