View Full Version : wage inflation set to send Singapore into another inflationary spiral
phantom_opera
22-08-12, 10:09
Marine workers basic pay to go up
http://www.businesstimes.com.sg/premium/singapore/marine-workers-pay-under-review-minister-20120822
NTUC to increase pay for non-executive staff
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1203318/1/.html
Singapore banks fear talent exodus in 2012
http://www.icpas.org.sg/mediacentre/Article.aspx?artid=318
doctors/nurses to get pay rise up to 20%/17%
http://www.sgh.com.sg/about-us/newsroom/News-Articles-Reports/Pages/Publicworkersinhealthcaretogetpayrise.aspx
Town council cleaners get huge pay rise
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1184114/1/.html
http://upload.wikimedia.org/wikipedia/en/thumb/c/c5/Up_Poster.JPG/220px-Up_Poster.JPG
Marine workers basic pay to go up
http://www.businesstimes.com.sg/premium/singapore/marine-workers-pay-under-review-minister-20120822
NTUC to increase pay for non-executive staff
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1203318/1/.html
Singapore banks fear talent exodus in 2012
http://www.icpas.org.sg/mediacentre/Article.aspx?artid=318
doctors/nurses to get pay rise up to 20%/17%
http://www.sgh.com.sg/about-us/newsroom/News-Articles-Reports/Pages/Publicworkersinhealthcaretogetpayrise.aspx
Town council cleaners get huge pay rise
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1184114/1/.html
i think regardless of industry, it's always a worry if your top performers are being poached. not just banks and financial industry leh.. somemore now so many lines are being chopped (apart from insurance, actuarial and compliance risk), dont think the inflationary wage spiral will positively impact the real income of the back office folks plus entry level/junior staff.
Yup it's only for the thin layer and maybe some the fortunate civil servants aka nurses, teachers, those flavour of the year.
I know of some who's net income is lower ...less commission or stagnant pay. These have less tradeable skills or not that in demand - these rot.
i think regardless of industry, it's always a worry if your top performers are being poached. not just banks and financial industry leh.. somemore now so many lines are being chopped (apart from insurance, actuarial and compliance risk), dont think the inflationary wage spiral will positively impact the real income of the back office folks plus entry level/junior staff.
Yup it's only for the thin layer and maybe some the fortunate civil servants aka nurses, teachers, those flavour of the year.
I know of some who's net income is lower ...less commission or stagnant pay. These have less tradeable skills or not that in demand - these rot.
yeah, i've a feeling this is not going to be that great a year for most (me included). somemore nowadays most financial firms dun offer 13th mth... maybe need to eat grass liao. :ashamed1:
That's why we are here bro ...landlordy ourselves to test ever higher rents to keep pace with inflation...
The truth is if you go just for enough early in life, you'll end up rotting/eaten up. The key is to always have 'one in the bag' ...more than one property, more cash than you need to survive and more than one source of income.
That's why we are here bro ...landlordy ourselves to test ever higher rents to keep pace with inflation...
The truth is if you go just for enough early in life, you'll end up rotting/eaten up. The key is to always have 'one in the bag' ...more than one property, more cash than you need to survive and more than one source of income.
hands (and legs) up on your latter statement.. it's always impt to have diversified revenue sources; be it rental, coupons, dividends or royalties.. :sleep:
me too newbie in ppty liao.. so here to learn from all the gurus before even daring to contemplate having more than 1 ppty. :o
phantom_opera
22-08-12, 11:49
yeah, i've a feeling this is not going to be that great a year for most (me included). somemore nowadays most financial firms dun offer 13th mth... maybe need to eat grass liao. :ashamed1:
serious, most financial firms do not offer even 13th month (AWS)?!
Then bro, read the older postings as well...lots to get your head wrapped around...but also use your own judgement - some of the postings are totally not serious.
Good luck bro and please don't eat my lunch...
hands (and legs) up on your latter statement.. it's always impt to have diversified revenue sources; be it rental, coupons, dividends or royalties.. :sleep:
me too newbie in ppty liao.. so here to learn from all the gurus before even daring to contemplate having more than 1 ppty. :o
Then bro, read the older postings as well...lots to get your head wrapped around...but also use your own judgement - some of the postings are totally not serious.
Good luck bro and please don't eat my lunch...
thanks bro... will dig into archives to read some of the gems from some of the past masters (who seemed to have disappeared after some iras scandal previously?)..
i eat your leftovers lah... live n let live. :D
serious, most financial firms do not offer even 13th month (AWS)?!
yeah, i think it's not that commonplace for MNCS from europe or north america? this far, all the companies i worked for (plus my wifey) boh 13th mth AWS leh... :banghead:
phantom_opera
22-08-12, 12:56
yeah, i think it's not that commonplace for MNCS from europe or north america? this far, all the companies i worked for (plus my wifey) boh 13th mth AWS leh... :banghead:
I think local banks still got contractual AWS
I think local banks still got contractual AWS
yeah, one of my staff who used to work for DBS said she has AWS.. some jap firms offer AWS too.
yeah, one of my staff who used to work for DBS said she has AWS.. some jap firms offer AWS too.
except contract staff. But some FT have found a loop hole. Start up a new company n go into the company as a consultant n cliam 2 yrs tax free status .
that's way better then AWS
phantom_opera
24-08-12, 08:35
Rental as a component of CPI up 6.4pc relative to July 2011
phantom_opera
31-08-12, 17:23
Pay rise for educators: MOE
In a press statement, the MOE revealed that changes to the salary packages for educators were made to attract, retain and develop a quality school team
The Ministry of Education (MOE) on Friday announced that more than 26,000 in-service Education Officers (EOs) and about 500 Allied Educators (AEDs) in several grades will receive a salary adjustment with effect from 1 September 2012.
The adjustments were made to ensure that salaries of EOs and AEDs keep pace with the market and commensurate with their roles and responsibilities.
The serving EOs in various General Education Officer (GEO) and Senior Education Officer (SEO) grades will receive an 8 per cent salary adjustment. GEOs and SEOs can expect an increase of up to S$550 and S$830 respectively to their gross monthly salaries.
The AEDs in various grades will receive salary adjustments ranging from 5 per cent to 15 per cent. Allied Educators can look forward to an increase of up to S$700 in their monthly salaries.
this kind of things taxpayers dont make noise?
if top and bottom salary ratio is 100x.
increase bottom salary from 1000 to 1200, absolute increase of 200.
top salary increase from 100,000 to 120,000, absolute increase of 20,000 (100x).
Teacher (GEO) earns up to 6875pm??? wow must be very old bird ones
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