Pl. suggest what will be the salary structure in Singapore for 11.8+ years of experience in IT field?
Living Style ?
Accomodation ?
& most above what are the things require in Singapore including perks.
From India, Delhi
Living Style ?
Accomodation ?
& most above what are the things require in Singapore including perks.
From India, Delhi
Dear Sonali
Firstly you got to understand that the compensation term of salary structure is defined as:- The hierarchy of job grades and pay ranges established within an organization. The salary structure may be expressed in terms of job grades, job-evaluation points or policy lines.
To determine job grades, many compensable factors are considered - and relevant experience is one of them BUT DEFINITELY NOT THE ONLY ONE.
What you are looking for is not salary structure but pay elements within a remuneration package. The following definition may be helpful:
Annual Basic = Monthly salary x 12 months
Annual Base Salary = Annual Basic + Annual Wage Supplement (AWS is guaranteed fixed bonus which some organization may provide. It's optional depending on the company's policy). If there is no AWS, Annual Basic = Annual Base.
Annual Total Cash = Sum of Annual Base + all variable cash (variable bonus, sales commission, incentives, LTI, etc. Any payout that is linked with performance and not guaranteed).
Annual Total Earnings = Sum of Annual Total Cash + all fixed cash allowances (housing allowance, meal allowance, transport allowance, etc).
Annual Total Remuneration = Sum of Annual Total Earnings + all benefits in-kind (insurance cover, provision of car, housing, club membership, etc).
Annual Total Employment Cost = Sum of Total Remuneration + contribution to the Central Provident Fund (CPF).
The benefits & perks are usually linked to job grades which means the higher your job in the organization, the more benefits & perks will be provided. Providing physical accommodation is very rare in Singapore except if you are an expatriate Top & Senior Management.
I have attached the Pay Package of a Network Operations Executive from the Leisure Industry for your reference. You would be able to see the breakdown of the pay components clearly from there.
Regards
Autumn Jane
From Singapore, Singapore
137Firstly you got to understand that the compensation term of salary structure is defined as:- The hierarchy of job grades and pay ranges established within an organization. The salary structure may be expressed in terms of job grades, job-evaluation points or policy lines.
To determine job grades, many compensable factors are considered - and relevant experience is one of them BUT DEFINITELY NOT THE ONLY ONE.
What you are looking for is not salary structure but pay elements within a remuneration package. The following definition may be helpful:
Annual Basic = Monthly salary x 12 months
Annual Base Salary = Annual Basic + Annual Wage Supplement (AWS is guaranteed fixed bonus which some organization may provide. It's optional depending on the company's policy). If there is no AWS, Annual Basic = Annual Base.
Annual Total Cash = Sum of Annual Base + all variable cash (variable bonus, sales commission, incentives, LTI, etc. Any payout that is linked with performance and not guaranteed).
Annual Total Earnings = Sum of Annual Total Cash + all fixed cash allowances (housing allowance, meal allowance, transport allowance, etc).
Annual Total Remuneration = Sum of Annual Total Earnings + all benefits in-kind (insurance cover, provision of car, housing, club membership, etc).
Annual Total Employment Cost = Sum of Total Remuneration + contribution to the Central Provident Fund (CPF).
The benefits & perks are usually linked to job grades which means the higher your job in the organization, the more benefits & perks will be provided. Providing physical accommodation is very rare in Singapore except if you are an expatriate Top & Senior Management.
I have attached the Pay Package of a Network Operations Executive from the Leisure Industry for your reference. You would be able to see the breakdown of the pay components clearly from there.
Regards
Autumn Jane
From Singapore, Singapore
Hello Autumn,
Thanks for the information provided.
I recently got a call from Singapore Consultant against the post of Senior Manager IT & Infrastructure.
And they are asking about the expected Salary which I do not have any idea.
Pl. revert back what will be the best in terms of IT professionals.
Rgds
From India, Delhi
Thanks for the information provided.
I recently got a call from Singapore Consultant against the post of Senior Manager IT & Infrastructure.
And they are asking about the expected Salary which I do not have any idea.
Pl. revert back what will be the best in terms of IT professionals.
Rgds
From India, Delhi
Dear Sonali
Sorry but I do not have the numbers for you. But if you are talking about the offer coming from a Search company, I am very sure the hiring company would already have some structured pay, benefits & perks policy which you may enquire from you.
Regards
Autumn Jane
From Singapore, Singapore
Sorry but I do not have the numbers for you. But if you are talking about the offer coming from a Search company, I am very sure the hiring company would already have some structured pay, benefits & perks policy which you may enquire from you.
Regards
Autumn Jane
From Singapore, Singapore
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Creating a Competitive Salary Structure.doc
Salary Structure.zip