Wage increment

[Throttle2]

If you're still hanging onto to your current job, you should be happy.

 

Many people with highly paid job get retrenched, near 50 yrs old, fall off the high chair and your life will be in terrible shape if you have huge mortgage, car loan, etc.

 

http://www.straitstimes.com/singapore/out-of-work-and-out-of-luck-in-search-for-full-time-jobs

Wow very true.

Like my story except i am not senior banker with $14k salary

So i still manage to pass my days with about $10 per day for myself.

 

 

Edited February 21, 2018 by Throttle2

[Lotr8445r]

Wow very true.

Like my story except i am not senior banker with $14k salary

So i still manage to pass my days with about $10 per day for myself.

 

ð©ð¢

U prefer spend $10/day with driving new GLC & smoke 1k cigar?

 

Is this considered as poor or rich?

Edited February 21, 2018 by Lotr8445r

[Throttle2]

U prefer spend $10/day with driving new GLC & smoke 1k cigar?

 

Is this considered as poor or rich?

 

All those are toapow and bulls**t.

In reality, i dont have a car and i dont smoke.

Pang chan leh......

[Ysc3]

Employment Act to be amended to cover workers earning more than S$4,500
 

More Singaporeans will see their employment conditions such as hours of work and overtime pay protected under proposed changes to the Employment Act.
SINGAPORE: About 430,000 more professionals, managers and executives (PMEs) will be covered under the Employment Act when it is amended to remove the S$4,500 salary cap, said Manpower Minister Lim Swee Say in Parliament on Monday (Mar 5).

"The exceptions are public servants, domestic workers and seafarers who are covered separately, such as by other Acts due to their nature of work," Mr Lim added in his ministry's Committee of Supply debate.

The removal of the salary cap and other amendments to Singapore’s main labour law will be introduced in Parliament later this year for implementation by April 2019.

With the revisions, these PMEs will enjoy core employee benefits under the Act which include redress for wrongful dismissal, public holiday and sick leave entitlements, timely payment of salary and allowable deductions.

Currently, only Singaporeans earning under S$4,500 come under the Act’s core provisions. 

“Our workforce is changing fast, we now have more PMETs  (professionals, managers, executives and technicians), and fewer rank-and-files. This trend will continue. … With PMETs making up 56 per cent of the local workforce now, going up to 65 per cent by around 2030, it is timely to make a more fundamental change to the coverage of EA,” said Mr Lim.

The changes proposed come after a month-long public consultation earlier in January.

With changes to the salary cap, more non-workmen employees will see stronger protection of their rights.

Currently, additional protection that covers hours or work, overtime pay and rest days are accorded only to workmen earning up to S$4,500 and non-workmen earning up to S$2,500.

The salary cap for non-workmen, who are typically white-collar rank-and-file workers such as clerks, will go up from S$2,500 to S$2,600. The enhancement will cover half of the workforce.

In terms of overtime pay, the salary cap for non-workmen will also be revised upwards from S$2,250 to S$2,600. About 100,000 non-workmen will benefit from this increase.

Additionally, disputes between employees and employers will be made easier to tackle.

The Employment Claims Tribunal will start hearing claims related to wrongful dismissal, which was previously heard by the Minister for Manpower.

This will be on top of salary-related disputes that are currently heard by the tribunal if unresolved by mediation by the Tripartite Alliance for Dispute Management.

 

[Throttle2]

Those who have a wage and wage increase

Have pity on jobless me, buy a Rolex from me please.

Edited March 6, 2018 by Throttle2

[Sadistmeal]

I heard of similar stories. I wonder what is behind this and do they qualify and funding? Are we creating jobs but does it add value since we are so called shortage of manpower? 

 

A lot of recruiters will search the web for openings from posted by companies and they will repost them online. That way, when a candidate applies through them, they can go the said company and say, "I have the perfect candidate for you!". If all goes well, they can charge a placement fee.

 

That's why you see a lot of postings of the same jobs by different recruitment agencies but with some slight tweaks in the JD.

[Chucky2007]

my company's standard annual increment is 3%... not enough to beat inflation..

One of my friend just got 35% pay increment...

 

 

 

 

 

She changed company

[Throttle2]

Can intro your friend to be my friend? @chucky2007

 

 

[Chucky2007]

Can intro your friend to be my friend? @chucky2007

 

ð

I hearsay from other Friend one.. those kind of I hear from the who who who type

[Throttle2]

I hearsay from other Friend one.. those kind of I hear from the who who who type

Aiyah, i thought you can intro to me......

[Chucky2007]

Aiyah, i thought you can intro to me......ð

Why need to know my friend? I didn’t even know you.. how to intro you to my friend?

[13177]

One of my friend just got 35% pay increment...

 

She changed company

[Lotr8445r]

Increment of 35% so much? The company willing to pay so much ah as compared to her last drawn pay?

Could also be under pay in previous company or she move up a rank.

[13177]

Could also be under pay in previous company or she move up a rank.

Some company they dont really bother if your previous company underpay you or not de. Usually they would pay according what they want to pay you for the position offering, and used your last drawn salary as a guide what they are going to pay you. High increment when switch job more likely the person move up the rank?! 

[Chucky2007]

No such thing as company loyalty in today context.

 

It’s perceuved value to the company.

 

I know of another person.. not a person that’s really good at his job but has a gift of the gap.

 

Within 6 years hop from 1 bank at Senior manager position, to another bank, then to an insurance company, then to the next insurance company at SVP position.

 

Insurance company corporate rank title is quite understated.. bank AVP is insurance company Senior Manager or VP rank. The SVP in insurance company is conform quite high rank in banks.

 

Wayang wayang talk talk.

 

If he didn’t keep hopping and just stay at the original bank... the performance level max give him AVP now only after 7 years

[Chucky2007]

Another Friend is a loyal employee that feels grateful to his old boss in a not Super big but not small SG SME.

 

Good guy and good at his work, hardworking and high EQ. Work in he same company for more than 10+ years.

 

Pay less than 100k even though he is a good guy.. I told him few times that if he willing to step out of his comfort zone and go to competitor 2x in the past years, or even now if he is willing to venture.. he can make the senior management cut.

 

He knows and grumble at current pay increment of 3-7% per year but still working in the same company. I’m not sure if he is given shares in the company

[Throttle2]

No such thing as company loyalty in today context.

 

It’s perceuved value to the company.

 

I know of another person.. not a person that’s really good at his job but has a gift of the gap.

 

Within 6 years hop from 1 bank at Senior manager position, to another bank, then to an insurance company, then to the next insurance company at SVP position.

 

Insurance company corporate rank title is quite understated.. bank AVP is insurance company Senior Manager or VP rank. The SVP in insurance company is conform quite high rank in banks.

 

Wayang wayang talk talk.

 

If he didn’t keep hopping and just stay at the original bank... the performance level max give him AVP now only after 7 years

Its sad but thats the truth in the workplace.

 

Some f**k shit who was brought in by another senior manager angkat everyone got his MD title within a few years.

 

During meetings talk damn steady but during real work doesnt collaborate well, and points fingers and snatches credit.

 

Many of these lan chiao lang everywhere lah...bet you know more than a handful of such cases.

 

So there is no loyalty. You are right.

Very sad but true.

[Throttle2]

Why need to know my friend? I didn’t even know you.. how to intro you to my friend?