QUOTE(r1v3r @ Nov 4 2013, 05:05 PM)
FX rate is important.
wonder why an Indon want to work as maid here with just 3 digits take home vs 6 digit rupiah back in their country? The maid in SG might earn as much as office worker in Indonesia.
for a person that do not wish to set root here (not buying any property, family in MY), net saving is his aim.
so be it SGD, USD or GBP, It is the final amount in RM that he send back home (for house, car, child education etc) that count.
If the FX rate is 1:1, your living cost in SG will be even higher. By then who will continue to stay and work in SG?
Good for you if you get 1:1 offer but for a person who can't get at dollar to dollar matching jobs in SG, he is more willing to accept a lower paying jobs in SG as long as he get more saving (this is where FX rate come in). How low? 80% or 50% depend on how desperate the person need the extra saving. This is the reason why we have huge influx of FT in SG.
Dollar to dollar, it is cheaper to raise a family in MY subject to political abuse. While some of us have higher taste and life style and unwilling to accept a 50% cut in salary, I don't see a reason to discourage other people who trying to earn the extra saving.
ok...i should rephrase it...if FX as the main or only factor.
i nvr said one should only accept if it is a 1:1 offer but to take into consideration what other ppl with similar credentials can fetch.
if ur skillset is highly sought after in MY, your pay in numbers will be relatively high...but if u were to move to SG which your skillset is not that hot on the market, your pay in terms of numbers are most likely to take a dip. (i have no idea what kind of skillset there is with such an example
)
that is why...u find out what other ppl with similar skillset as you can fetch.
different field has a different market
for the indon maid case, if the market rate is 3 digit...then they are not losing out.
if market rate is 4 digit and u are taking 3 digit and not on the high side...u are losing out, even if after the conversion, the chunk of money remitted back is a lot.
the question is what if u were to get a job which is around the market rate...instead of way lower compared to the market but higher because of FX
but job searching is a beech...most of the time u need luck.
desperation as u said will be a factor....but how desperate will one go until 50%
(maybe escape from ah long?)
one still has a job (stability aside), one still have some time to bide by....how long is up to each individual
prolonged waiting for an offer can cause frustration and trigger desperation too.
on the 1:1, there will still be people although much lesser...moving has a lot more factors to consider than just FX
Oct 31 2013, 05:22 PM
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. That 775 is 15.5% long long time ago. Car provided? COE is around 80k now. And you need 50% cash to get a car. Tax around 20k for 200k income. Your sign on bonus need to be tax too. 
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