2021 not the year for bonuses, pay rise, say experts

Hailey Chung Wee Kye

Realtors promoting high-rise apartments at a shopping mall in Penang. Many firms, including SMEs and MNCs in the state are still hiring, says a human resources exec. – AFP pic, February 4, 2021.

BONUSES, salary increments and recruitment will not be in the minds of employers this year as they go about salvaging their businesses amid the Covid-19-ravaged economy, said human resources and industry experts.

Almost all sectors have been hard hit by the sluggish economy, with the exception of the information and communications technology (ICT) and electrical and electronics (E&E) sector, they said.

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