Wage increment

[Chowyunfatt]

 

cannn... then boss will reply: no problem. the door is that a way. tomolo no need to come! [sweat]

 

 

"Dun Com, Dun Com Lar … " … ...

[Ahgong]

 

"Dun Com, Dun Com Lar … " … ...

 

steady lah bro~!!

[RadX]

 

"Dun Com, Dun Com Lar … " … ...

 

 

eh lj man.....tonight kopi? put time put place...knn

[Chowyunfatt]

 

steady lah bro~!!

 

Say only mah … No need money one …

[Jman888]

 

"Dun Com, Dun Com Lar … " … ...

 

 

you also a ??

[Chowyunfatt]

 

 

eh lj man.....tonight kopi? put time put place...knn

 

This week I got Overseas Guest … You go find that Gay Boy *Porker* … Next week, we go *lar kopi* in the afternoon …

[RadX]

 

This week I got Overseas Guest … You go find that Gay Boy *Porker* … Next week, we go *lar kopi* in the afternoon …

 

 

steady....let me know....

[Dfx16]

Fmcg,

 

can share share what the percentage on average.

 

感谢, 感谢。

 

FMCG, i know some principals proposed 2.5%

[Chowyunfatt]

 

 

you also a ??

 

No lar, I say say only …

[Staff69]

 

FMCG, i know some principals proposed 2.5%

ok, thanks for input, mine small operations. Dont think will have 2.5 so low.

 

cos every quarter.if we hit target, got share profits.

Edited March 6, 2014 by Staff69

[Kyrios]

According to the PTC...it should be a national rate of 5%..at least that was what they claim when they raised bus fares..

[Porker]

 

This week I got Overseas Guest … You go find that Gay Boy *Porker* … Next week, we go *lar kopi* in the afternoon …

 

Thai girlfriend cum here want to label so cryptic as overseas guest

[Chowyunfatt]

 

Thai girlfriend cum here want to label so cryptic as overseas guest

I have to feed - 1 Wife - 3 Kids - 2 Birds - Some Fishes - Cars - Motorbike ...

 

How on earth am I suppose to feed another Girl Friend?

You say lar, you tell me ... 😂😂😂

[Baal]

http://www.tremeritus.com/2014/04/03/say-no-to-minimum-wage/

 

 

Say no to minimum wage!

 

April 3rd, 2014 | Author: Contributions

Minimum wage for whose benefits & sufferings?

Recent years, Singaporeans hear more and louder voices for a Mandatory Minimum Wage for workers. Politicians of non ruling parties talked about it for years as though the idea is a panacea for all Singapore’s economic problems.

Mandatory Minimum Wage is not a new concept. It is an old and outdated economic tool. Many governments around the world adopted it to ensure workers earn a decent wage. The results were disastrous to economies and workers’ livelihoods.

 

When businesses are forced to pay minimum wage, they are forced to pay above labor productivity. Paying above labor productivity means businesses are paying artificially high production cost. Consumers suffer because they are buying goods and services at higher price. The economy experiences inflation. As inflation pushes prices of goods and services higher, workers in turn demand higher minimum wage level.

 

The economy is then trapped in vicious circle. When businesses no longer can take the rising cost pressure, they relocate to low cost countries. Unemployment rate rises, workers and their families suffer. Just look at some economies in western world. Cities were bankrupt and workers with no earning income for years.

 

Singapore is small country with big economy. Our labor force is small and aging. Without bringing in adequate labor supply from foreign sources, there is no way our own labor force can support our big and flourishing economy.

 

Foreign workers are employed because there are many jobs Singaporeans refused to take up. Opposition parties demanding for Mandatory Minimum Wage are working for the interests of foreign workers, not Singaporeans. Most of our bus drivers, factory workers and cleaners are foreigners. A minimum wage will benefit these foreigners. Singaporeans on other hand will bear the burn of minimum wage law since we will have to pay more for goods and services.

 

Inflation caused by Mandatory Minimum Wage impact our retirement saving and CPF money. For same amount of money, we buy less goods and get less medical treatment. As retirees, we can’t hope for wage increase to compensate inflation. So is Mandatory Minimum Wage good for us? Why opposition parties are proposing something that’s going to harm us in future?

 

Recent tightening of work permits by our government is causing large damage to businesses. Labor cost increases due to difficulties hiring local workers. Business growth slows down. We have seen a recent price rise in many things like food, transport fare, town council fees and all basic daily items. How much more inflation will rise if we have a Mandatory Minimum Wage for our workers?

 

Christina Wong

Editor’s note: This is the second time the writer has posted his/her article on TRE’s Facebook page. The above article was posted this morning at 6:42am (3 Apr, Thu). He/She posted his/her first article on TRE’s Facebook page on 15 March 2014 at 4:39am (‘PAP is still the best party to rule Singapore‘).

 

TRE has examined his/her Facebook account (www.facebook.com/christina.wong.96780). The account appears to be created not too long ago with no activities except for posting the 2 articles – one on 15 March 2014 and the other this morning.

 

It’s not known if Christina Wong is the actual name of the person who posted the articles. It’s also not known if he/she created his/her Facebook account for the sole purpose of posting articles:

 

 

 

 

http://www.tremeritus.com/2014/04/02/alternative-news-in-1-day-97-vanishing-mid-level-skilled-workers/

 

 

Alternative News in 1 day? (97) – Vanishing mid-level skilled workers?

 

April 2nd, 2014 | Author: Contributions

Straits Times (Print); 29 March 2014

 

 

I refer to the article “The case of the vanishing mid-level skilled worker” (Straits Times, Mar 29).

 

 

Production craftsmen’s real pay dropped -11%?

It states that “The median monthly gross salary of “production craftsmen” and related workers – such as electricians, mechanics and carpenters – grew by 17 per cent from $2,051 in 2001 to $2,400 in 2012, before adjusting for inflation.”

However, it just stops short here, without doing the adjustment for inflation.

As I estimate that inflation from 2001 (CPI 88.4) to 2012 (CPI 113.1) was about 28%

• does it mean that the above real median salary growth was about -11%?

 

All workers’ pay increased 1.5% p.a.?

As to “This is much slower than the 46 per cent increase for all workers – from $2,387 to $3,480 over the same period”

- does it mean that after adjusting for inflation – the real increase was about 18%?

This works out to a real increase per annum of about 1.5%.

However, this is based on the median salary including employer CPF contribution.

 

 

Pay increase (excluding employer CPF) was 1.0%?

In contrast, if we look at the median salary excluding employer CPF contribution -

• The real median income change from 2008 to 2013 was only about 1.0 per cent per annum.
• For the 20th percentile – the real change per annum for the last 10 years was only about 0.3 per cent.

According to the Ministry of Manpower’s (MOM) web site, the real annual total wage change (excluding employer CPF) from 2008 to 2012, was -2.4, -1.0, 2.7, 0.1 and -0.8, respectively.

 

This works out to a cumulative real decrease in wage change of about -1.5% or -0.29 per annum, from 2008 to 2012. A negative real total wage change for last 5 years.

 

 

Managers’ pay dropped -7%

With regard to “In contrast, professionals, executives and managers are doing nicely. The median median gross monthly pay of managers grew from $5,807 in 2001 to $$7,000 in 2012″

• this means that the increase was about 21%.

However, after adjusting for inflation – it is about -7%.

So, how can say that managers “are doing nicely”, when real salary growth was negative for the 11 years?

 

 

Cleaners’ pay dropped -40%?

In respect of “Cleaners and low-wage workers saw their salaries dive. Their median monthly gross pay was $1,282 in 2001. It plummeted to $1,000 in 2012″

• does this mean that their real salary dropped by a whopping -40%?

 

Basic salaries?

Moreover, since Singaporeans have the longest work week hours in the world – if we look at basic instead of just gross salaries – the real decline in salaries may have been even worse.

 

 

Middle-skilled jobs disappearing?

As to “middle-skilled jobs are disappearing, while demand for high- and low-skilled workers grows.

Mr Norizal’s former job as a marine mechanic falls within a classification known as production craftsmen, and those jobs are shrinking. They fell from 101,500 in 2001 to 90,600 in 2012, even as the labour force grew. It was a similar story with semi-skilled factory workers”

• in my opinion – we may be forgetting to mention the obvious.

 

 

Conveniently forget about foreign workers?

To what extent could this have been due to our liberal foreign labour policies and the huge influx of foreign workers?

After reading the above – is it any wonder that our Press Freedom ranking has dropped another notch to 149th?

 

 

 

Leong Sze Hian

Leong is the Past President of the Society of Financial Service Professionals, an alumnus of Harvard University, has authored 4 books, quoted over 1500 times in the media , has been host of a money radio show, a daily newspaper column, Wharton Fellow, SEACeM Fellow, columnist for Malaysiakini, executive producer of the movie Ilo Ilo (26 international awards). He has served as Honorary Consul of Jamaica and founding advisor to the Financial Planning Associations of Brunei and Indonesia. He has 3 Masters, 2 Bachelors and 13 professional qualifications. He blogs at www.leongszehian.com

 

 

Edited April 3, 2014 by Baal

[Knoobie]

another brainwashed of the 60%..

[Wyfitms]

sian.. probably no increment and bonus this year liao

 

 

Asian real estate executive salaries drop 21% in 2013

April 3, 2014in Asia, Business, Featured News, Market Trends, News, News By Region, News By Topic, South-East Asia, World News1 Comment

Earnings of real estate executives in Asia fell 21.4% last year, contributing to a 3.8% average salary fall among Asian property professionals in general, although salaries in Malaysia rose 11%

Senior executive salaries in Asia’s real estate industry have dropped by more than one-fifth on average in the last year, a new survey shows.

In contrast, Malaysia real estate professionals have had the highest annual salary increases of 11%, but received the lowest average earnings, according to the Asia Rewards & Attitudes Survey 2014 from the RICS (Royal Institution of Chartered Surveyors) and Macdonald & Company.

Driven down by a 21.4% decrease in Executive Director/ Managing Director/ Chief Financial Officer/ Chief Operating Officer level salaries, average earnings of real estate professionals across Asia fell 3.4% to around US$96,087 (HK$749,479).

However, more than half of respondents (55.8%) received a10% rise in base salary, on average, the eighth annual survey suggests.

Salary increases in Hong Kong averaged 9.2%, in Singapore 9% and in China at 7%. But professionals in China still enjoy the highest average salary per annum, around US$138,400 (HK$1,079,520) compared with around US$125,580 (HK$979,524) in Singapore, around US$98,929 (HK$771,646) in Hong Kong and around US$71,804 (HK$560,071) in Malaysia.

Those with an RICS qualification earned a salary 42% higher than those not professionally qualified US$73,861 (HK$575,765), although their average salary dropped 13% year on year to US$105,159 (HK$820,240).

A surprising 62% of respondents say they are fairly likely or very likely to change jobs in the next 12 months, up 2% on last year. The main issue is job satisfaction at 75%, down 3% on last year, followed by management style at 69%, up 1% on last year.

More respondents across the region predict improved economic conditions in their markets than over the last12 months. Around half (48%) of respondents anticipate growing economic activity compared to 40% last year, with just 11% saying it will decrease, down 1% on last year.

Those working in Singapore are generally the most optimistic with 55% anticipating an increase in economic activity. Only 40% of those working in China anticipate an increase.

Dr Daniel Ho, RICS Governing Council member cum Chairman, RICS Hong Kong, says, “I am glad to see that respondents expect an optimistic economic growth in the region and hiring intention is on the rise. The property sector faces a shortage of surveying professionals in different areas.

“We urge for more investment of resources into education and training to meet this need. RICS is committed to setting and upholding the highest standards of the industry and its members. We are happy to know that our qualification enables members to secure significantly higher rewards.”

William Glover, International Director, Macdonald & Company, says, “This year’s results are revealing in that over 60% of staff consider it likely that they will move jobs over the next year. It is, therefore, imperative that managers take care to plan ahead and provide the right environment for their staff to thrive in their businesses.”

The RICS and Macdonald & Company Asia Rewards & Attitudes Survey is claimed to be the most comprehensive survey undertaken for the property sector. The 2014 survey involved 1,525 Asian real estate professionals participating online between November 2013 and January 2014, up 16.6% on last year.

A similar survey for the 2014 UK market shows average real estate sector base salaries at their highest level in seven years, rising by 4.7% in the last year to £51,179 (US$84,865.) When bonuses and other incentives are added, the average total reward of a UK property professional reaches £78,974 (US$130,954) up 1.6% annually.

In the Middle East Rewards & Attitudes Survey 2014, average salaries rose 10.9%, slightly less than the 11.6% in 2012. The average annual base salary is AED487,692 (US$132,780), up 12% on last year.

[Angcheek]

would like to rekindle this thread ....... so for 2015 , whats your increment ??? %

[NightWind]

where got increment? We live in the worlds most expensive city.

 

If you factor in the REAL INFLATION RATE (n not the crap figures fed to u by shitty times), even with yoy "increment" of 10-15% pa we will suffer a net reduction in real income.

 

We work longer hrs at lower hourly rates, just to standstill n keep our heads above water.

 

would like to rekindle this thread ....... so for 2015 , whats your increment ??? %