Population woes
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pirate:
The $2K/$3K sample is just a hypothetical figure to demonstrate that employers (sensible ones) should not hire based on cost alone but use cost-benefit analysis and compute projected monetized value of hiring someone who genuinely deserves the market rate ... regardless FW or local talent. There are competency based interview packages that employers can avail (and get trained on how to use), in order for them to separate the wheat from the chaff during the interview process (and of course, there is still a probation period--> for a battery test so to speak)...
Yeah, but the market rate for a fresh local graduate with a general arts degree is in the region of $2k-$3k. For a fresh graduate with no experience and no track record, it's just a crapshoot for the employer anyway. That's what the probation period is for.zarahsmom:
anyway, I believe an employer who have good sense that a candidate (regardless FT or not) who demands less compared to market rate, knows that this candidate did not do his/her homework, and would not hire.. a person asking for 2K even if the market rate is at 3k. if this employer decide based on dollars and scents instead of common sense, he (employer) will suffer in the end. cost and added value should always be a deciding factor...
a person who asks for 3K/per month and will save an employer 24,000 per year (due to efficiency and smart negotiating techniques with vendors/clients), will always add value than someone who only asks for 2K/per month but is just doing the bare minimum to clock 8 hours a day.
also bear in mind that hiring a 2K/month FW, means S-pass, then have to pay levy...
And for a local, the employer have to pay employer's CPF. Yeah, it's not exactly fair...
I would also say that SCs and PRs always have the advantage when it comes to applying for jobs in Singapore.. one just have to look at efinancialcareers and Roberwalters career site, and you would see that they all prefer SCs and PRs....
on the employee side.. here is another scenario
candidate have 15 years experience in the industry and have competency 1-5, but is currently taking care of an aged parent and a very young child. so this candidate prefers a low profile job, wherein he will only utilise competency 1-2 (competency 3-5, he will not be able to use).
of course if you are just utilising competency 1-2 you would not expect to be paid dollar for dollar for a role that requires competency 3-5 too)...
lets make this scenario a little bit more complicated.. this candidate happend to be a local and since he is applying for a low profile job, he will be competing against junior/entry-level FW and local grads at the $2K-$3K range..
we all know that local candidate can earn as much as $8K-$10K if he utilises all of his competencies (1-5), but again he is just applying for a junior/entry level job, that really requires just competency 1-2,
would you think that would still be unfair? if the local gets the job but only earns between $2-$3K? would it be too presumptuos for the candidate to ask for $8K for \"potential\" or ability to do above and beyond, if really, all that is required of the job is to \"put stamps on envelopes\" and nothing more than that? -
what is competency 3-5?
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limlim:
what is competency 3-5?
let us say
Comptency 3: Impact and Influence (level 4 on a scale of 1-4, 4 being highest)
Competency 4: Handling Difficult conversations (level 4 on a scale of 1-4, 4 being highest)
Competency 5: Target Account Selling (level 4 on a scale of 1-4, 4 being highest) -
In that case, it is something like skill level right?
In your previous post, why would the family situation cause a downgrade of competency level? it is more like commitment level lower only rite? -
http://www.straitstimes.com/breaking-news/singapore/story/cabby-backtracks-7000-month-earnings-claim-20121104
[quote]Cabby backtracks on $7,000-a-month earnings claim
Despite earlier saying a few times he made $7k a month, he now says it was just for May[/quote]Chey... There goes my hope of retiring as a taxi driver.
ST trying to cover backside now... :siam: -
http://www.straitstimes.com:80/premium/think/story/avoid-feast-and-famine-housing-20121104
[quote]Avoid feast and famine in housing
Better to have stable supply of new homes every year than try to predict property cycle
By Han Fook Kwang, Managing Editor
*snip
Singaporeans have generally felt good about how property prices have moved over the years, barring the occasional dips in every economic cycle.
Until quite recently, that is.
There has been a discernible shift in public attitude towards ever-rising property prices over the last few years and it is important to understand why this is taking place and what can be done about it.
For a flavour of the negative views being expressed, here is a recent sampling from the Internet:
-Low property prices favour citizens as they help everyone have a roof over their head. High property prices favour only developers and rich people as they can make super normal profits and collect rent instead of working hard and creating value.
-The Australian government takes care of citizens and imposes strict restrictions on property purchases by foreigners, for example, when they leave, they have to sell, when they sell, they have to sell only to locals, etc. Why doesn't the Singapore Government take effective steps and also contribute to raising property prices?
-The property owners of today are only raiding the future earnings of the next generation. How? Well, all these gains in property prices must come from somewhere. It will come mostly from the next generation. But this will net the wealthy much more as they own many more and higher-value properties.
It used to be said that property prices cannot rise by too much, otherwise who would be able to afford them? In other words, prices cannot run too far ahead of income levels.
This link between prices and incomes is, however, broken when the market is open to foreigners whose salaries have no connection to those of Singaporeans.
When rich Chinese, Indians, Indonesians and Malaysians account for a significant number of the purchases here, prices can run away from the local population's ability to pay.
The Government's recent measure to make it more expensive for foreigners to buy property through the additional stamp duty was aimed at cooling the market.
But the Government has never made clear if this will be a permanent feature of its policy on foreign purchases and the extent it will allow them to influence prices.
There is clearly a tension between wanting Singapore to be a global city attractive to foreigners (which includes how open it is to them buying homes here), and preserving the link between home prices and Singaporeans' income levels.
Getting this balance right is critical to having a successful property policy which is politically acceptable.
At present, permanent residents are allowed to buy resale HDB flats - this door was opened to them in 1989, presumably to make the country more attractive for PRs.
But it might have inadvertently caused prices to move up and, more critically, weakened the link between local wages and resale prices.
The PR numbers are in fact not insignificant - it was reported last year that they accounted for 20 per cent of all resale transactions in 2010.
That's one fifth of all sales, enough to move prices significantly.
Making the HDB market - both for new and resale flats - exclusively for citizens is the best safeguard for the future to ensure that public housing prices will always remain within reach of the majority of Singaporeans.
[email protected][/quote]Interesting read
:celebrate: -
Daddy
Chey... There goes my hope of retiring as a taxi driver.
http://www.straitstimes.com/breaking-news/singapore/story/cabby-backtracks-7000-month-earnings-claim-20121104
[quote]Cabby backtracks on $7,000-a-month earnings claim
Despite earlier saying a few times he made $7k a month, he now says it was just for May
ST trying to cover backside now... :siam:[/quote]i still believe 7k is not impossible... just whether u have the strength and ability to tahan long driving hours...
my uncle of 3 dd could bring them up alone, aunt being hsewife.. 1 dd aust degree, 1 dd canada degree, and another dd london degree.... dun say they \"wash black money\", my uncle was an honest man driving taxi for ages... -
Notice that hardly anyone made noise about the other taxi driver than said he earns 6k a month.
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even for this $7k taxi driver, he did not deny ever making $7k, neither did he deny other months clocking $5k or $6k
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Soooooorry... that I am :offtopic:
(Can't help it but laughing mad... A Pirate follow with a Pirated... )
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