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https://sg.finance.yahoo.com/news/much-earn-above-singapore-average-000031337.html How much do you need to earn to be above Singapore’s “average”? Forbes has named Singapore as the third richest country in the world. This wealth is measured using the Gross Domestic Product (GDP) per capita. Simplistically, it adds up everyone’s income for the year – to obtain GDP – before dividing it by the country’s population. So how much should the “average” Singaporean be making based on this calculation? Read More: Singapore, world’s richest. At what cost? The golden number is $5,943! At end-2014, Singapore’s GDP was recorded at SGD390.1 billion with population size of 5.47 million (Singapore residents + foreign talents). Table 1: National Accounts and Population in Singapore FY2011 FY2012 FY2013 FY2014 GDP(SGD mils) SGD 346,354 SGD 362,333 SGD 378,200 SGD 390,089 Population (mils) 5.18 5.31 5.40 5.47 GDP per Person SGD 66,816 SGD 68,205 SGD 70,048 SGD 71,318 Income per month SGD 5,568 SGD 5,684 SGD 5,837 SGD 5,943 Source: Singapore Department of Statistics Since simplistic GDP means adding up everyone’s income for the year, we will also assume that CPF contributions are included into this number. Add your gross salary (take home salary + CPF contribution) to your employer’s CPF contribution. If this number is not greater than SGD5,943, you are below the average amongst our population. Is $5,943 the correct number as the average wage? As mentioned, GDP per capita is a simple method to define how rich a country is by understanding how much everyone in the population earns per annum. However, using the entire population is not a good gauge, as children, students and retirees are not working, and hence should be excluded from the calculation. Table 2: National Accounts and Labour Force in Singapore FY2011 FY2012 FY2013 FY2014 GDP (SGD mils) SGD 346,354 SGD 362,333 SGD 378,200 SGD 390,089 Labour Force (mils) 3.24 3.36 3.44 3.53 GDP per Worker SGD 106,995 SGD 107,779 SGD 109,824 SGD 110,482 Income per month SGD 8,916 SGD 8,982 SGD 9,152 SGD 9,207 Note: The labour force comprises of people who are working or seeking work Source: Comprehensive Labour Force Survey, Ministry of Manpower Using labour force instead of total population will be more accurate since we are basing our calculation only on those who are working. In this case, average wages inclusive of CPF contribution would be SGD9,207 per month per person. So what are your numbers telling me? If you are like us, then this number may appear exceedingly high to you, perhaps even unattainable. Do not worry, you’re not alone. The median salary in Singapore is SGD3,770. That means the majority of us are not earning the average. This is normal, as wages are usually skewed towards the higher income earners and thus medium hardly ever equates to mean. What you should make out of this number is that you have the potential to increase your wages. Unlike poorer countries, where your future growth in earnings would be easily capped by the low potential in the country, we do not lack this in Singapore. There is money to be made, somewhere and somehow, in Singapore. You just need to figure our where and how. If you require upgrading and improvements, do check out skillsfuture to see how can our government help you achieve better productivity and higher wage growth.

Very curious how much are the show room agents earning. Good trade to join?

Wow, one of Singapore's pastor is among the world's top 10 earning pastor. see today's Today paper Pg 17 attached. img-X23163432.pdf

Before anyone asks, not me. But someone I know personally. And would like to see whether my opinion coincides with everyone else's. Will reveal my opinion at a later time so as not to influence perspectives of replies. :) Info is as accurate as I can rem. Let's assume I didn't rem wrongly. My question is right at the end. Personal stats: - Male - Age: 30 - Married - Singaporean Academic background: - Top AU uni education - Undergrad finance - Masters in Economics - Both 2nd Upper Hons - Five years overseas - Straight A student from poly onwards Personality: - Very well-spoken in English. Very. Extremely eloquent - Very knowledgeable. Professional experience (total 3 years of work experience) - most recent placed last - {Starting after grad) 1.5 years entrepreneurial experience (partnership that closed), then... - 1 year in managerial position in govt, then finally... - 0.5 years in sales in financial services Here comes the question. He recently was headhunted and offered a job at a US MNC here in Singapore. He was offered >$5,500/mth. It's a contracts management job (managing and supporting creation of contracts for deals by the company). Does his background and credentials match the offer? Yes or No, and why. As mentioned, I'll reveal my own opinion after you guys offered yours. Thanks guys! Just a non-serious discussion la. He's a very close friend of mine. Like a brother. And I feel he's a very talented person with big things yet to achieve. And I feel for him sometimes, but a little guilty that some of my recommendations to him didn't pan out for him cos I really want him to do well. So I wanna know whether I have a biased opinion or not. And he also asked me that question.

Nov 5, 2007 Motor traders being pressed to pay up CPF on commissions By Christopher Tan THE Central Provident Fund Board has widened its efforts to get motor firms to pay up CPF contributions on commissions earned by their salesmen. The board told The Straits Times that it has written to about 40 major motor distributors - or just about the entire new car industry - to ask them to check their past records to see if they have missed out on paying contributions on third-party commissions. The move follows a probe into two car agents started in August after the board received complaints from salesmen on the matter. The complaints pertained to commissions that salesmen earn on car loans. Most dealerships sell cars packaged with a loan from a bank or finance house, with the salesmen earning a 1 per cent to 3 per cent cut of the loan amount. Many car companies leave it off the books and allow the salesmen to be paid directly by the finance institutions. As such, they do not pay CPF for these commissions. But it is no longer just car loan commissions that are being scrutinised. The CPF Board's audit covers commissions earned from other third-party services such as used car trade-ins, rust proofing, insurance and so on. The board met the Motor Traders Association (MTA) early last week to explain the matter. CPF Board spokesman Hazel Tan said: 'They understand the issue and are working with us to communicate with their members.' MTA members met last Friday over the matter, which has caused a flurry in the market. One member said: 'CPF's interpretation is too broad. Let us take the example of insurance. In the first year, there is no problem, but if the customer changes insurer the next year, how do we track?' He said the MTA will seek another meeting with the CPF to nail down the definition. 'Moving forward, it is not a problem to comply with CPF's stand, but to make backdated payments is not so easy,' he said. 'The financial implication is huge.' Banks and finance houses have given at least $35 billion worth of car loans since 1999, so the car industry may have to cough up more than $100 million in CPF dues, including penalties. And that is just for car loan commissions. While motor traders said the issue of back payments is still a big unknown, it is clear the industry will have to change the way it conducts business. Mr Glenn Tan, chief executive of Subaru agent MotorImage, said the company did not pay CPF on finance commissions in the past, but will do so now. Mr Cheah Kim Teck, chief executive of multi-brand agent Jardine Cycle & Carriage's motor operations, said: 'We might have to ask all the finance companies to pay commissions through us.' Like other motor traders, both CEOs said they are still looking at past records to see if they are liable for any back payments. The CPF Board's Ms Tan said motor traders are not disputing the need to pay CPF on third-party commissions, and some had already started 'self-rectification'. 'Employers have been given up to middle of this month to complete the self-rectification,' she said. Singapore Manual and Mercantile Workers' Union assistant secretary-general Wong Chip Mun said he is 'happy that the CPF Board is looking at this issue'. The Straits Times learnt the CPF Board is auditing other industries on this matter as well. Other businesses with similar practices include the real estate and the financial services sectors.

Straits Times today, front page, i happened to read about the article about the revised policy for Singles buying HDB. They interviewed this gal, aged 37, graphic designer. What shocked me was her salary, which is only slightly more than $3k, at age of 37......... I thought graphic designers has more earning power due to specialised skills? Is this due to huge supple of graphic designers? any one can claim to be one?

Wah lao eh, been living in Clementi all these years and I didn't know that my neighbours were all rich fellas! 18% earn more than $8000 a month leh. All hide money under pillow siah...hahahah http://analytics.shownearby.com/clementi-c...65/demographics Next time look for golden turtle can look around the area. See got any rich tai tais. Hahahaha

if you are as the topic description, does that make you a henpecked man?

Hi, Very curious about how much does most MCF here are earning per year. Hope you can just click on your annual pay amount (no need to declare who you are and your pay) and let's see which is the pay range that is most common in MCF. The amount will be gross pay (i.e. include CPF, allowance, commisions, bonuses, dividends, rental fees, passive income etc).

Quote:Drive.com.au http://www.drive.com.au/Editorial/ArticleD...age:ClassiePuff A new study in the United States has found that red light cameras may do more harm than good. By RICHARD BLACKBURN. Red light cameras significantly increase the risk of crashes at intersections, according to a new study released in the United States. Researchers at the University of South Florida found that cameras increased crashes and related injuries because drivers were slamming on their brakes to avoid fines, causing rear-end accidents. They also claim that some red light camera operators in the US have shortened the time that a light flashes orange in an attempt to increase revenue.

After looking thru quite a few surveys about the earning power of working individuals, I have come to a conclusion that if you are 30 and above and have at least a diploma or general degree and is above 30 yrs of age...you should be earning a gross definite salary of at least $5000 per mth ( if not more!!) excluding bonus etc ... If you are not doing so..it would mean only one thing...YOU ARE DAMN HOPELESS! ...by current Sillypore Standards. Any bros/sis who would disagree with me?

This poll is for the ladies. Lets say you are a high achiever and female. Would you accept a boyfriend or husband earning less than you? And, how much lower do you think your other half should make? There have been many cases of more qualified women settling for less qualified guys. I am also curious about how open people really are about the disparity in earnings, especially in a relationship. PS: Constructive comments pls. Percentage difference calculated based on salary difference between guy and gal divided by the gal's salary.

Hi, I've always been sceptical but here's an opportunity to prove otherwise. Just go to the following website & download the free report. http://www.IM-Myth.com/jermy76 Refer others to it & u'll supposedly earn US$0.50 per person. True? I don't know but hell i'll find out...doesn't cost a penny or more than 5 mins of your time. Why wait? U've got nothing to lose...

YouTube Vid: http://www.youtube.com/watch?v=-9RbZyrJQ4g http://www.autoblog.com/2007/06/22/brillia...s-anything-but/