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 Working in Singapore v8, Tan vs Tan vs Tan vs Tan

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ivanswk
post Oct 27 2011, 05:49 PM

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QUOTE(Tictocs @ Oct 27 2011, 04:17 PM)
Good day guys,

Will sgd2000 enough for accomodation(company only provide for 2 weeks  vmad.gif , need to find on my own right after), day to day transit & makan over in singapore? The company offered MYR7000.00 + SGD3000.00 /month. In paper, the position is Malaysia based, but will be stationed in SG for as long as project goes. If can bring back SGD1,000.00/month, i might consider the position. Thanks.
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with employment pass ? sweat.gif
deodorant
post Oct 27 2011, 06:01 PM

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QUOTE(seantang @ Oct 27 2011, 05:41 PM)
That's basically RM7K salary plus S$100 per diem each day for a long term assignment in Singapore. OK what.

Well, back when I was working in KL, biz trips to Singapore are $110 per diem on top of accomodation provided. This guy has to pay his accomodation out of the $100. if he's "long term" enough to be able to rent a room it should be OK, but if he has to stay in like hotels or service apartments ... not enough.
seantang
post Oct 27 2011, 06:08 PM

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QUOTE(deodorant @ Oct 27 2011, 06:01 PM)
Well, back when I was working in KL, biz trips to Singapore are $110 per diem on top of accomodation provided. This guy has to pay his accomodation out of the $100. if he's "long term" enough to be able to rent a room it should be OK, but if he has to stay in like hotels or service apartments ... not enough.
Good point. I missed the part about "as long as the project goes". I thought it was permanent.

Tictocs
post Oct 27 2011, 06:23 PM

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QUOTE(deodorant @ Oct 27 2011, 06:01 PM)
Well, back when I was working in KL, biz trips to Singapore are $110 per diem on top of accomodation provided. This guy has to pay his accomodation out of the $100. if he's "long term" enough to be able to rent a room it should be OK, but if he has to stay in like hotels or service apartments ... not enough.
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deodorant,

Exactly. My first thought, this is kind of a good deal. But, thinking it over, the accomodation was a bit of trade off. Btw, the project will be 2 years minimum.


Added on October 27, 2011, 6:27 pm
QUOTE(ivanswk @ Oct 27 2011, 05:49 PM)
with employment pass ?  sweat.gif
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ivanswk,

Employer will arrange for permit, passes, etc. Any pro/cons with EP? Thanks.

This post has been edited by Tictocs: Oct 27 2011, 06:27 PM
ivanswk
post Oct 27 2011, 06:56 PM

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just curious only rolleyes.gif
how the co pay your salary and stuff
no pro n con on Ep sweat.gif
seantang
post Oct 27 2011, 07:04 PM

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QUOTE(Tictocs @ Oct 27 2011, 06:23 PM)
deodorant,

Exactly. My first thought, this is kind of a good deal. But, thinking it over, the accomodation was a bit of trade off. Btw, the project will be 2 years minimum.
If it's 2 years, I think it's a good deal. Unless you feel you should be getting an expat deal ie. good accomodation and spending money for year after year.

But then again... any decision should always be based on your available/achievable options. Not wannabe/nice to have options. This might not seem like a good deal vs an expat deal. But then, are you in a position to obtain an expat deal?

And what are you earning in KL? Is RM7K already a step up and therefore, as long as S$3K can comfortably cover your expenses in SG, it's a better deal overall? Or is RM7K same as or lower than your current, and whether it's a good deal depends on maximising the savings from that S$3K?

This post has been edited by seantang: Oct 27 2011, 07:06 PM
SUSMaterazzi
post Oct 27 2011, 11:45 PM

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QUOTE(deodorant @ Oct 27 2011, 06:01 PM)
Well, back when I was working in KL, biz trips to Singapore are $110 per diem on top of accomodation provided. This guy has to pay his accomodation out of the $100. if he's "long term" enough to be able to rent a room it should be OK, but if he has to stay in like hotels or service apartments ... not enough.
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This is like my friend does. he is a market analyst in my coy. day to day in singapore(1 week/month) lives at regis park hotel. allowance meal is 50USD/day, very good!


Added on October 27, 2011, 11:52 pm
QUOTE(seantang @ Oct 26 2011, 09:22 PM)
I agree. That's why I depend on promotion and bonus, not increment.
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haha, bonus will depend on your and company performance.
That's why I will be doing in budgeting now, I just let them to give me the slack budgeting. If you have high budget, your chance to get high bonus will be high!! However, need to prove the budget is right, no need to be a cult hero who press the budget and insist the improvement in all areas with cost saving!

For promotion, need to against people who are senior and older, that's the challenge. Need to stay long at the company to prove you are worth at the coy, but if you can get higher salary in new company, why not?


Added on October 28, 2011, 12:01 am
QUOTE(deodorant @ Oct 27 2011, 01:53 AM)
if you've got the interest and aptitude for it, why not? i was in banking ops for 5 years before switching over to semi-IT (business analysis). but switching over to a field just because it pays more when you have zero interest is, imo, recipe for disaster though.
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If I want to change career, it should be sales where the money IS!! why should I take back office job.
Sales is very good, I see their budget, spend time travelling to US, Europe with high class hotel and the salary is very high.. No need to be handsome and extrovert if your products are on demand and have quality. Our budget for sales expenses are around US$500-700k.. Btw, what biz analyst does and what related to IT? I thought it is accountant's job like financial analyst.

This post has been edited by Materazzi: Oct 28 2011, 12:03 AM
Argiope
post Oct 28 2011, 01:15 AM

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QUOTE(walanneh @ Oct 27 2011, 10:17 AM)
Hi everyone, regarding the non-resident tax of flat rate of 15% for those < 183 days in Singapore, is this applicable for the length of employment in Singapore regardless of the number of companies he or she works for?

Reason being I worked for ~ 5.5 months for my 1st company and my income was taxed at 15%.

However, I'll be starting work at another Singaporean company soon.

Has anyone here ever encountered this situation and whether were they able to obtain their taxes back?
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http://www.iras.gov.sg/irasHome/page.aspx?id=8958

The taxed amount will be credited to your bank account.
seantang
post Oct 28 2011, 08:40 AM

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QUOTE(Materazzi @ Oct 27 2011, 11:45 PM)
haha, bonus will depend on your and company performance.
Just like how the company doesn't anyhow hire you, you shouldn't anyhow join a company. Like buying shares, choose one with good fundamentals.

QUOTE(Materazzi)
For promotion, need to against people who are senior and older, that's the challenge. Need to stay long at the company to prove you are worth at the coy, but if you can get higher salary in new company, why not?
At some point in your career, EVERYBODY in your peer group can do the job. What makes the difference in promotions is how much they are trusted, their reputation/credibility and who is backing them. You lose all 3 elements each time you change job. You'll find it gets exponentially less common to change employers and increase (or even maintain) your earnings, as you get nearer to the pointy part of the pyramid.

This post has been edited by seantang: Oct 28 2011, 09:15 AM
ivanswk
post Oct 28 2011, 10:50 AM

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QUOTE(Materazzi @ Oct 27 2011, 11:45 PM)
If I want to change career, it should be sales where the money IS!! why should I take back office job.
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nolah just threaten the boss resign and u can get double wat brows.gif , soon u reach 12k thumbup.gif
MsiaqweR
post Oct 28 2011, 02:14 PM

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I wonder why did most agents or employers consider a 5 days job a benefit?...
Aloong
post Oct 28 2011, 03:35 PM

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QUOTE(MsiaqweR @ Oct 28 2011, 02:14 PM)
I wonder why did most agents or employers consider a 5 days job a benefit?...
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To those working mums that need to take care of family and cannot work on sat and sun, this is indeed an incentive to apply.
Dun think it is an "employment benefit" per se.
ivanswk
post Oct 28 2011, 03:37 PM

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QUOTE(Aloong @ Oct 28 2011, 03:35 PM)
To those working mums that need to take care of family and cannot work on sat and sun, this is indeed an incentive to apply.
Dun think it is an "employment benefit" per se.
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rain water make u smarter leh thumbup.gif


Added on October 28, 2011, 5:01 pm
http://motoring.asiaone.com/Motoring/News/...028-307444.html

Average car loan rises by 40% to $85,000 shocking.gif

The average car loan is getting bigger and it's all thanks to rising certificate of entitlement (COE) prices.
COE prices are now around $56,000 for cars up to 1,600cc and $76,000 for those above 1,600cc. The report said this was quadruple the rates as recently as three years ago.

This post has been edited by ivanswk: Oct 28 2011, 05:02 PM
Lester1987
post Oct 28 2011, 05:35 PM

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cars are becoming unaffordable now. from $60k for a Kia Forte to $100k. its really insane.
deodorant
post Oct 28 2011, 07:33 PM

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QUOTE(Lester1987 @ Oct 28 2011, 05:35 PM)
cars are becoming unaffordable now. from $60k for a Kia Forte to $100k. its really insane

Other than the COE, why are cars so expensive here?

I'm looking at South Africa's BMW Pricelist. New 320i is ZAR 331k = SGD 53k.
Singapore's BMW Pricelist, new 320i is SGD 211k.

That's extra $158k, considering that the COE is like $70k, where does the other $80k come from? Import and excise duties?
seantang
post Oct 28 2011, 11:33 PM

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QUOTE(deodorant @ Oct 28 2011, 07:33 PM)
Other than the COE, why are cars so expensive here?

I'm looking at South Africa's BMW Pricelist. New 320i is ZAR 331k = SGD 53k.
Singapore's BMW Pricelist, new 320i is SGD 211k.

That's extra $158k, considering that the COE is like $70k, where does the other $80k come from? Import and excise duties?
Yup... 120% in total... LTA.

SUSMaterazzi
post Oct 29 2011, 07:54 AM

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QUOTE(seantang @ Oct 28 2011, 08:40 AM)
Just like how the company doesn't anyhow hire you, you shouldn't anyhow join a company. Like buying shares, choose one with good fundamentals.

QUOTE(Materazzi)
For promotion, need to against people who are senior and older, that's the challenge. Need to stay long at the company to prove you are worth at the coy, but if you can get higher salary in new company, why not?
At some point in your career, EVERYBODY in your peer group can do the job. What makes the difference in promotions is how much they are trusted, their reputation/credibility and who is backing them. You lose all 3 elements each time you change job. You'll find it gets exponentially less common to change employers and increase (or even maintain) your earnings, as you get nearer to the pointy part of the pyramid.
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I audited several companies last year from the giant company to small company and I got opportunity to audit their payroll and look the lists of people with their salaries. I am so surprised how company with $1 billions of revenues, the salary structure even lower than company with $100 million of revenues. The giant company only pays huge for the DIRECTOR, it's about US$300k/yr included in bonus but the GM it's only about US$3k/month. this is crazy. they can make good profit when they pay their employees low.

This post has been edited by Materazzi: Oct 29 2011, 07:55 AM
SUSalaskanbunny
post Oct 29 2011, 08:02 AM

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QUOTE(Materazzi @ Oct 29 2011, 07:54 AM)
At some point in your career, EVERYBODY in your peer group can do the job. What makes the difference in promotions is how much they are trusted, their reputation/credibility and who is backing them. You lose all 3 elements each time you change job. You'll find it gets exponentially less common to change employers and increase (or even maintain) your earnings, as you get nearer to the pointy part of the pyramid.
*



I audited several companies last year from the giant company to small company and I got opportunity to audit their payroll and look the lists of people with their salaries. I am so surprised how company with $1 billions of revenues, the salary structure even lower than company with $100 million of revenues. The giant company only pays huge for the DIRECTOR, it's about US$300k/yr included in bonus but the GM it's only about US$3k/month. this is crazy. they can make good profit when they pay their employees low.
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it depends lor... if a bill company have 100,000 in their payrole vs 100mill company which have 10 people only... probably the company with less people and less rev make more... also it depends on the industry, you must compare apples with apples...

directorship carries weight, where else the title 'gm' is just a title...

why pay more? if company is doing well, employees are happy... what's the point paying extra $$$... the shareholders wants their cut to stay happy too...

This post has been edited by alaskanbunny: Oct 29 2011, 08:03 AM
SUSMaterazzi
post Oct 29 2011, 08:32 AM

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QUOTE(alaskanbunny @ Oct 29 2011, 08:02 AM)
it depends lor... if a bill company have 100,000 in their payrole vs 100mill company which have 10 people only... probably the company with less people and less rev make more... also it depends on the industry, you must compare apples with apples...

directorship carries weight, where else the title 'gm' is just a title...

why pay more? if company is doing well, employees are happy... what's the point paying extra $$$... the shareholders wants their cut to stay happy too...
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this is where inequality is, I pity people who work there, their turnover rate of people is also small, it's about 0.5%/yr. The giant company has 2500 people whereas the 100 million company has 1000 people. Industry is same, manufacturing. The profit of giant company is US$100 millions where the smaller is only US$12 million.

This post has been edited by Materazzi: Oct 29 2011, 08:34 AM
SUSalaskanbunny
post Oct 29 2011, 10:13 AM

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QUOTE(Materazzi @ Oct 29 2011, 08:32 AM)
this is where inequality is, I pity people who work there, their turnover rate of people is also small, it's about 0.5%/yr. The giant company has 2500 people whereas the 100 million company has 1000 people. Industry is same, manufacturing. The profit of giant company is US$100 millions where the smaller is only US$12 million.
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well, its like that.. life is never fail and or equal... so fight to be on the side with the advantage tongue.gif

if you mention manufacturing... are they manufacturing the same product? are their org chart the same? do they have the same processes?

like apple vs samsung... apple definitely have less staff because they outsource their assembly process..

probably they are paid less but they are very happy and contented, that's why turnover so low... or because certain circumstances that they cannot control forces them to go on

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