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Tag: salary

  • Deterring Corruption Should Not Be Only Justification For High Ministerial Salary, Performance Matters Too Because Citizens Suffer

    Deterring Corruption Should Not Be Only Justification For High Ministerial Salary, Performance Matters Too Because Citizens Suffer

    Sorry i dont agree about ministers to be given high salaries when we citizens who works hard is nt easy to get our pay raise…look at foreigners where goverment have given so many free to them..from education in university n living..

    Saya juga sedih bila bangsa melayu kita sendiri boleh sebelahkan goverment tentang hijab! Tak sedar ke dia besok disoal blkg hari???
    Tengok harga hdb pula makin lama makin melampau ..dah seperti harga rumah banglo…yg DBSS kecil nk mampus hanya kerana rumah ada balkoni???omg!

    Rumah sewa 2bilik pula kenapa mereka tetapkan gaji tidak boleh melebihi $801?????? Ada masuk akal tak ??? Sampai yg ada sanggup cari gaji kecil atau keja kontrak supaya duit sewa bulana tidak melebihi $40-$60+..

    Ank sedara saya gaji $1800 duduk rumah 2bilik sewa di marine parade..mempunyai 4org ank..satu sec 1..pri..kindergaten dan bayi..cuba anda kira lah itu $1800 gaji belum lagi ditolak cpf..(tapi hdb ttp kira gaji awak $1800)selepas tolak cpf cuba kiralah..lepas tu hanya kerana gajinya $1800 beliau harus membayar sewa $350 kpd hdb yg tk berhati perut!!!!

    Taruklah $1800 lepas potong cpf $1480.. minus $350hdb…balance $1030 aje …bagaimana tuh…3anknya yg sekolah???satu lagi bayi.?? Tak ke terfikir goverment memang selalu MENYUSAHKAN KITA?

     

    Source: Shasha Angels

     

    Editor’s Note: This was Shasha Angels’ reply to a post from former PAP MP Maidin Packer’s post on ministerial salary and corruption

  • Salaries To Rise By 4.4% This Year, Says Towers Watson Survey

    Salaries To Rise By 4.4% This Year, Says Towers Watson Survey

    Employees here could see their salaries grow by 4.4 per cent this year, on the back of low inflation, according to a survey released on Tuesday.

    This is slightly more than the 4.3 per cent last year.

    The survey, compiled by global professional services firm Towers Watson in February, comprised 2,000 responses from companies across 19 countries in Asia-Pacific.

    “The Singapore Government has been sticking to a tight monetary policy to keep the lid on inflation,” noted Mr Sambhav Rakyan, data services practice leader for Asia-Pacific at Towers Watson, in a statement.

    “Its policy to stabilise property prices has also helped curb inflationary pressures.”

    The survey also showed that Singapore’s pay increase will be in line with that across the Asia-Pacific region, which is forecast at 4.3 per cent this year, compared with the 3.3 per cent last year.

    “This is good news for employees, who are finally seeing the results of the post-financial crisis pick-up in economic growth and in receiving more cash in hand,” said Mr Rakyan.

    In East Asia, China is expected to see the highest increase, at 7.4 per cent, while Hong Kong will see the smallest, at only 1.3 per cent.

     

    Source: www.straitstimes.com

  • Singapore Offers Highest Salaries In Asia

    Singapore Offers Highest Salaries In Asia

    Now professionals have another strong reason for shifting to Singapore to work.

    Besides being the best place to live in Asia, the island nation also offers the highest amounts of income in the region, according to a new report from Towers Watson.

    The 2014/2015 Global 50 Remuneration Planning Report found base salaries at senior and top management level in the country are around 10% higher than those of their counterparts in Hong Kong.

    Executives right at the top of the hierarchy in Singapore were found to have an average base pay of around US$586,000 a year, compared to around US$445,000 a year in Hong Kong – a differential that narrowed fractionally from last year.

    “Base salaries are, on the face of it, considerably higher in Singapore than Hong Kong, especially at a top management level, but the tax rates at those levels vary considerably and that has a bearing on take-home pay,” said Sambhav Rakyan, data services practice leader, Asia Pacific at Towers Watson.

    “That said, we do see signs of regional HQs moving from Singapore to other lower cost locations, such as Malaysia and Indonesia, to reduce staffing costs, subject to availability of talent.

    While base salaries in Singapore remained on top of the table, those in Hong Kong stayed comfortably higher across the board than in Greater China. For production and manual work, base salaries in Hong Kong were found to be around three times those of China, a gap that narrows to around twice entering the junior management and professional grades.

    “At the support levels wage pressures reflect the growing pressure for low-cost skilled staff to work in manufacturing and services,” said Rakyan.

    “It’s worth noting that the income tax environment in Hong Kong is more favorable than that of China, adding to take-home pay and therefore making Hong Kong more attractive in that sense. To an extent, however, we’re seeing some local Chinese companies responding by introducing a higher percentage of variable pay and equity incentives that are creating challenges for MNCs looking to hire and retain talent in China.”

    Elsewhere in Greater China, base salaries in Taiwan continued to lag. Compared to mainland China, base salaries in Taiwan were around 30% higher for support levels. At the junior management and professional grades, however, base salaries in China overtook those in Taiwan.

    Overall, salary increases in Greater China and in many parts of the region were very modest, largely a reflection on the low levels of inflation in the region.

     

    Source: www.humanresourcesonline.net

  • No Pay Increments For Politicians Over Past Three Years

    No Pay Increments For Politicians Over Past Three Years

    The sizes of politicians’ pay cheques have not changed in the past three years, although the salary benchmark for an entry-level minister last year was about 9 per cent higher than 2011 levels.

    Deputy Prime Minister and Minister-in-charge of the Civil Service Teo Chee Hean told the House yesterday the 2011 annual salary norm of S$1.1 million was kept because changes in the benchmark have been “moderate” — it moved up in two years and down in one, resulting in an overall annual increase of 3 per cent.

    While a ministerial salaries committee recommended the salary framework be reviewed every five years, Mr Teo said “we can continue to adjust salaries within this framework should there be a change in overall salary levels in the coming years”, given that things have been stable and the framework remains valid.

    He was responding to a question from Mr Edwin Tong (Moulmein-Kallang) at the Committee of Supply debate for the Prime Minister’s Office yesterday about how the framework proposed by the committee had been applied and how the benchmark had moved.

    The benchmark for politicians’ pay is based on the median income of the top 1,000 earners who are Singapore citizens, with a 40 per cent discount to reflect the ethos of political service, as recommended by a ministerial salaries committee appointed in May 2011 by Prime Minister Lee Hsien Loong.

    This benchmark for an entry-level minister, also called the MR4 benchmark, includes all salary components including individual performance bonuses.

    The MR4 benchmark for last year was S$1.2 million, but the MR4 annual salary norm was kept at S$1.1 million, said Mr Teo.

    In January 2012, the ministerial salaries committee led by charity-sector veteran Gerard Ee had proposed linking the salary framework and National Bonus to the socio-economic progress of average and lower-income Singaporeans.

    Its recommendations, which were backdated to May 2011, included the removal of the pension scheme for politicians.

    Yesterday, Mr Teo said Singapore must continue to keep wages in the Public Service realistic and strike a balance between recognising the ethos of political service and providing a fair salary.

    This would ensure a flow of able and committed leaders into the Government, he added.

     

    Source: www.todayonline.com

  • Tan Chuan-Jin: Single-shift Drivers Can Earn More Than $3,000 A Month

    Tan Chuan-Jin: Single-shift Drivers Can Earn More Than $3,000 A Month

    Responding to a parliamentary question about the salaries of taxi drivers, Manpower minister Tan Chuan-Jin said that a driver in 2014 earned an average of $3,173 for single-shift drivers while those working double-shifts could earn an average $5,933 a month.

    He explained that about 98,000 Singaporeans held a current Vocational License in December 2014 and about 56,000 were presently registered with taxi companies.

    In terms of the demographics of taxi drivers, over 80% of them were aged over 50 years old. In terms of their educational qualifications, 90% of drivers possessed at least a secondary school education.

    MP Irene Ng had asked specifically about how many were former PMETs but Mr Tan said that they do not have such data.

     

    Source: www.therealsingapore.com