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 Working in Singapore V15

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r1v3r
post Nov 4 2013, 05:05 PM

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QUOTE(crazy25kid @ Nov 4 2013, 03:47 PM)
i do not think there is anything to debate
first off...if u take into consideration the exchange rate...personally, you are already losing.u will be working and living in SG spending SGD...why are u converting it into RM?
you are not spending RM in SG...it may become a debatable point if you travel everyday across the causeway
but still, exchange rate should not even be taken into consideration.

where you retire is uncertain, so never take that as a factor.
if u earn RM10k, and settle for SGD5k...the amount you get to save does not necessary be more when you convert it back
why not factor the amt you might save if u got a job at SGD9k or even 10k or more?
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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.









r1v3r
post Nov 4 2013, 05:26 PM

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QUOTE(deodorant @ Nov 4 2013, 02:53 PM)
Uhhhhhhhhhhhhhhhhh mang how can you convert FX and then declare that it's not a downgrade?

If I'm earning rm10k in Malaysia and I come over on sgd5k (27% increase after FX conversion), does that mean I got a good deal?
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I am a finance blur. What FX trader do?

exclude life style change, Sell sgd buy rm get 27% profit per month is a bad deal?

one will have to accept some lifestyle change in the begining in exchange for a better opportunity to grow. IMO, a 5K job have larger room to grow than a 10k job.

just my 2 cents non elite view.










r1v3r
post Nov 4 2013, 05:33 PM

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QUOTE(be_happy @ Nov 4 2013, 01:36 AM)
Previously, I was in bank industry for 1year and 9months. My salary was RM3000 excluded commission.

I got an offer of SGD $2400 now, do u all think is not worth to downgrade? (bt i got EP Q1 and I tot only salary above $3k can get EP)

What do you all think?  hmm.gif
Separately, I am looking for room nearby Aljunied or Potong Pasir.

Currently I am staying with my bro at Clementi, sleep in living room and need to pay $300.

Is expensive and far from my work place. (although is in the same MRT line)
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if you come today, you are $600 off from your MY pay slip.

things change, when you have some SG experience you will start moving.

So welcome to SG.

r1v3r
post Nov 4 2013, 05:54 PM

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QUOTE(crazy25kid @ Nov 4 2013, 05:32 PM)
ok...i should rephrase it...if FX as the main or only factor.  laugh.gif  laugh.gif
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 tongue.gif)
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%  sweat.gif  sweat.gif  (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
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his pay is almost fresh grad level so I assumed not a niche skillset.

If your skillsets and experince never change then you look at which country offer you the better deal for your fix skill (which is almost fresh man). He is not on experience hire so not much to bargain. If he start here early, he will gain more experience and move on faster as banking in SG is stronger. So he have to consider oppourtunity not just the starting pay alone.

Wether a maid get paid 3 digit or 4 digit is depend on free market. Unless ando maid really that good to cause the demand over supply then they will keep receiving good offer else employer will keep testing your bottom line if you are easily replaceable. If say maid from xyz country who can perform the same jobs and happy to grab her job at 3 digit offer. The indon maid will have to settle with the 6 digit jobs back home.

Our blue IC did not give us any advantage over other FT. It happen in Engineering and IT where people from x country with PhD is asking for a local degree pay (more desparete) and once the door is open they whole family is here. The same thing can happen to banking too but at least the SG gov is pushing to field more local first. For enginnering, they push many factory to other country where the human resource cost is even lower.






r1v3r
post Nov 5 2013, 03:25 PM

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QUOTE(wlcling @ Nov 5 2013, 09:03 AM)
Sandcastle building at east coast park...
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ok but need a plan B when it rain especially year end.



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