Quote:
Originally Posted by Unregistered
Haha. You wish. Public sector is the biggest dumping ground out there. Yes. The starting salary and increments are high. But if you compare 2 local grads in both public sector and private sector, the one who entered private sector will always win down the road.
The trick is simple, lure young fresh grads with high starting salaries. Once you spend 10 years in there, you're trapped in public service. Most dont dare to venture into the private sector because the pace and culture is very different.
Its like SAF regulars. Lure them with high starting pay and signing bonuses. Once they're in, they wont leave. After 5-8 years down the road, their peers will be earning way more than them. Unless of course, one is a PSC scholar. But even then, a PSC calibre could have made much more in the private sector in MA programs. |
I highly doubt so.
Yes, there will be ppl who earn way more than civil servants, but definitely not all, perhaps not even 50%.
A degree-holding civil servant's income is typically slightly above the median gross salary of deg-holders across all age groups as reported in 'Labor Force in Singapore, 2013'.
Furthermore, if you factor in other non-wage benefits such as job stability, work-life balance, child/family support, etc., not many degree holders in the private sectors are as well off as their counterparts in civil service.
In all, if you have the ability and drive to be in the top quartile, then private sector is for you. Otherwise, civil service has a better risk/effort-to-money ratio.