Please suggest what the salary structure would be in Singapore for someone with 11.8+ years of experience in the IT field. Additionally, could you provide information on the cost of living, accommodation options, and other essential requirements in Singapore, including perks?
From India, Delhi
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From India, Delhi
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Dear Sonali,
Firstly, you need to understand that the compensation term of the 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 the salary structure but pay elements within a remuneration package. The following definitions may be helpful:
Annual Basic = Monthly salary x 12 months
Annual Base Salary = Annual Basic + Annual Wage Supplement (AWS is a guaranteed fixed bonus that some organizations 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 to 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 a 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
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140Firstly, you need to understand that the compensation term of the 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 the salary structure but pay elements within a remuneration package. The following definitions may be helpful:
Annual Basic = Monthly salary x 12 months
Annual Base Salary = Annual Basic + Annual Wage Supplement (AWS is a guaranteed fixed bonus that some organizations 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 to 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 a 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
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Hello Autumn,
Thank you for the information provided. I recently received a call from a Singapore consultant regarding the position of Senior Manager IT & Infrastructure. They are inquiring about the expected salary, of which I am unsure. Please advise on what would be suitable for IT professionals.
Regards
From India, Delhi
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Thank you for the information provided. I recently received a call from a Singapore consultant regarding the position of Senior Manager IT & Infrastructure. They are inquiring about the expected salary, of which I am unsure. Please advise on what would be suitable for IT professionals.
Regards
From India, Delhi
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Dear Sonali,
Sorry, but I do not have the numbers for you. If you are referring to the offer from a search company, I am very sure the hiring company would already have a structured pay, benefits, and perks policy in place, which you may inquire about.
Regards,
Autumn Jane
From Singapore, Singapore
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Sorry, but I do not have the numbers for you. If you are referring to the offer from a search company, I am very sure the hiring company would already have a structured pay, benefits, and perks policy in place, which you may inquire about.
Regards,
Autumn Jane
From Singapore, Singapore
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