An integrated circuit includes a bit slicing circuit with a processing circuit. The processing circuit receives discrete frequency power estimates based on an S-FSK waveform received by an S-FSK receiver associated with the bit slicing circuit. The discrete frequency power estimates are representative of digital logic levels in a series of data frames modulated using S-FSK to form the S-FSK waveform. Each data frame including at least one word. Each word includes bit periods. The processing circuit receives SNR parameters that represent a dynamic SNR for the respective discrete frequency power estimates in relation to the series of data frames. The processing circuit selects a bit slicing technique from a set of available bit slicing techniques to generate data bit values for bit periods of the discrete frequency power estimates based on the SNR parameters. A method for performing bit slicing in an S-FSK receiver is also disclosed.